Application of Statistics in Pharmaceutical Industry

Statistics provides us with very useful tools and techniques that aide us in dealing with real world scenarios. I have been able to learn several useful concepts by studying statistics that can aide me in making rational and informed decisions that are supported by the analysis results. Statistics as a discipline is the application and development of various processes put in place to gather, interpret, and analyse the information. The quantification of biological, social, and scientific phenomenons, design and analysis of experiments and surveys, and application of

There are some ailments that they can't make go away with a pill or needle filled with an anti-

Biostatistics. I applied basic informatics techniques with vital statistics and public health records in the description of public health characteristics and in public health research and evaluation. [A.8] I used my knowledge of basic biostatistics to compare positive cases, test submissions, and human population to see if there was any correlation. Understanding biostatistics allowed me to make a valid and meaningful comparison of this data. The information gathered from the biostatistics gives a limited estimate of risk, and should be further evaluated to quantify this risk. The main goal of my project was to interpret the results of statistical analyses in terms of epidemiological human risk factors. [A.9]

• Provide at least two examples or problem situations in which statistics was used or could be used.

Statistics, facts, data, and comparisons are absorbing and challenging to present in a way that is anything other than, well, boring. For purposes of an informational presentation, the statistics are unavoidable. However, in this

The over-the-counter (OTC) cold and allergy remedy market was highly competitive. There were already 10 brands targeting in different segments at the beginning of the simulation. OTC cold medicine is effective to cure 3 major types of illness - cold, cough and allergy which associate with different symptoms like aches, nasal congestion, chest congestion, runny nose, coughing and allergy. Consumers can be segmented by young adult, young family, mature family, empty nester, retired. The products were sold to consumers in various channels including independent drug stores, chain drugstores, grocery stores, convenience stores and mass merchandisers.

the audience, and it is hard to put it to perspective. Therefore, a statistic is appealing to the

Read the “Numbers Can be Worth a Thousand Pictures: Individual Differences in Understanding Graphical and Numerical Representations of Health-Related Information” article prior to answering. Informed decision making in the mental health and medical professions requires the ability to understand and effectively communicate statistical information. For this discussion, address the following in your post:

Medicine has been used since ancient times, but it has greatly developed through the centuries. Today, people have doctors, nurses, surgeons, therapists, and many other individuals in the health field. Society’s definition of a healthy lifestyle, and the way people live, has greatly changed, and it has given most people a new perspective on society 's health. Before medications and doctors, people often died, or had no way to recover from illnesses and disease, because there were no cures. Advances in medicine are made every day. These advances could be a new allergy medication, a new vaccine to prevent a deadly disease, or a new way of performing surgeries, but all of these advances have one thing in common: they can save lives and make a better America.

Medicine is very common nowadays. People today will go to medicine as their first source when it comes to illness. There are

With the huge diversity and changeability of human biology, it is impossible to imagine a reality without some mutations, changes, or issues in the organs and tissues of humans. Thus, it rightly follows that medications and pharmaceuticals have been created in an effort to counteract the various ailments and illnesses that people can experience. However, as time has gone on and these pharmaceuticals have become more and more high-tech, regulated, and trusted, they have also become incredibly commercialized. Worse still, medications have become incredibly expensive and can be unattainable for some people.

“Medicines appear to have greater power in affecting the state of health than the natural morbific irritation, for natural diseases are cured and subdued by appropriate medicines” – says Hahnemann. In my opinion, he holds the view that natural disease has the power to make us sick only when our organism is sufficiently disposed and susceptible to the attack of the “morbific cause” whereas the power of medicine is absolute and unconditional. It acts at all times, under all circumstances and on every living human being. Therefore, appropriately chosen medicine (remedy) that matches the symptoms of the illness, and produce an “artificial disease” that is similar to that which is to be cured, administered in the right dose and potency with a greater degree of intensity than the “natural disease” has absolute power to heal the patient.

The improvement of medicine over the course of the human successes gave great convenience to the people of today. Science has cured and prevented many illnesses from occurring and is on its way to cure some of the most dreadful and harmful illnesses. As the world modernizes due to the industrialization, so does the ways of medicine. Some cures are approached by chance, some, through intense, scientific measures.

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. It is applicable to a wide variety of academic disciplines, from the physical and social sciences to the humanities. Statistics are also used for making informed decisions – and misused for other reasons – in all areas of business and government. Statistical methods can be used to summarize or describe a collection of data; this is called descriptive statistics. In addition, patterns in the data may be modeled in a way that accounts for randomness and uncertainty in the observations, and then used to draw inferences about the process or population being studied; this is called inferential statistics. Both

Over the years, scientists have been instrumental in discovering and developing new drugs that save thousands of people’s lives. This significantly improves life as we know it on Earth. So basically, this topic is on a big in-depth study of drugs and medications.