Use Statistical Thinking and Methods to Make Better Decisions Dr. Ronald D. Snee, Ph.D., Founder and President, Snee Associates, LLC
The scientific method is fundamental to the operation and success of the pharmaceutical industry including the discovery of new products, development of the products using clinical trials and the manufacture of the products. The scientific method has three key components:
- Recognition and formulation of a problem
- Collection of data through observation and experiment
- Formulation and testing of hypotheses
Clearly collection of data is central to the scientific method. This is where statistical analysis comes into play. First is the design and implementation of the data collection process. Then there is the analysis and interpretation of the data.
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