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In general, statistics are used to describe something or to examine differences among groups or relationships among characteristics. Statisticians will use terms like mean, median, and standard deviation.

Statistics allow you to evaluate claims based on quantitative evidence and help you differentiate between reasonable and dubious conclusions. That aspect is particularly vital these days because data are so plentiful along with interpretations presented by people with unknown motivations.

Businesses use statistics to project sales numbers, evaluate production methods, develop short- and long-term strategies, build and adjust organizational structure, and much more. In fact, there are few areas of business that are not affected by whether or not statistics are understood and utilized effectively.

Step 1: Write your hypotheses and plan your research design. ... Step 2: Collect data from a sample. ... Step 3: Summarize your data with descriptive statistics. ... Step 4: Test hypotheses or make estimates with inferential statistics. ... Step 5: Interpret your results.

Medicaid Options. Of all the programs that pay family members as caregivers, Medicaid is the most common source of payment. Medicaid has eligibility requirements that apply to the program participant and it has rules that dictate who is allowed to provide them with care.

State Medicaid programs If someone with a disability already receives Medicaid, their state may allow a family member or friend to become a paid caregiver. Many states call this a consumer-directed personal assistance program.