This article is about Netflix growth. One of the things was it beat analysts’ predictions about its subscriber growth. Netflix last year gained 26 million new subscribers which were 50% more than the previous year’s growth. The surprising fact was Netflix growth accelerating in already developed markets of it’s like the U.S.
There was a line graph in the article showing the net new streaming customers for the past 12 months to show that the rate of new customer acquisition is increasing recently.
Then there was another graph which showed the costs Netflix must run its business. It was a histogram. It shows that Netflix’s cost is rising, so it needs to increase its customer growth accordingly.
Article Link : https://www.bloomberg.com/gadfly/articles/2018-04-16/netflix-earnings-don-t-worry-keep-spending
Hello! My name is Huzaifa Anas. I am a freshman and pursuing a degree in biomedical informatics. Statistics and probability are very important for my major and career. In biomedical informatics, we are working with a large amount of data. To get anything out of the data we need statistics and probability to see if there are trends or relationships amongst the data from where we can derive some meaning. For example, if we have a group of people with heart disease before the age of 50 we can analyze their DNA to see what they have in common and then see if it statistically significant what they have in common. With this then we can draw conclusions and seek out casualty in the data of a certain gene and early heart attacks. This is just one example of biomedical informatics applying statistics. We also have things like artificial intelligence. IBM Watson is based on biomedical informatics. Its algorithm matches symptom’s and patient’s history to form a diagnosis. It looks at what the problem is and based on what the patient has given’s probabilities of different causes. These two are just one of the things which really catch my interest, but because biomedical informatics deals with a large amount of data you can say it is a specific field of applied statistics essentially.