Dear AIU Head :

This correspondence provides statistical information that has been supplied from the given data set of the AIU staff. In addition, areas are provided where probability and statistics are worked with in the business. Understanding how important statistics and its value to any business will lead the way to success.
Overview of the Data Set The variables consist of both quantitative and qualitative data in regards to quantitative data that is known to have a numeric value as this data set includes age, job satisfaction and benefits (Cernauskas, Grey, Hemphill & Segal, 2011). The Qualitative data has a nonnumeric value and the variables for this data set consist of gender, position and department (Cernauskas et al, 2011). The two categories together provide the statistical data for the AIU staff analysis.
Use of Statistics and Probability in the Real World The probability theory has survived for over three hundred years and it has grown to be a major part of everyday life (Vidal, n. d.). We have all made decisions based on the simplest activity such as picking straws or rolling dice. However, decisions are also based on likelihood of an event or simply by a hunch (Cernauskas et al, 2011). There are substantial ways that statistics are being used today ranging from areas in genetics, economics, and medicine. Another important use for statistics is for education; the National Center for Educational Statistics (NCES) provides analysis and reports on the data collected in regards to the condition of education in the US as well as the conducting and reporting of educational activities worldwide (National Center for Statistics, n. d.). Congress relies on the reported statistics; according to NCES (n. d.), this analysis is used for the purpose of educational funding among states; state and local officials are also users of this information for