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How you would use the descriptive statistical procedure(s) at work or in your personal life.

 

In six sentences or more, explain how you would use the descriptive statistical procedure(s) at work or in your personal life.

Misuse of Statistics: As we will see in the next 12 weeks, statistics when used correctly can be a very powerful tool in managerial decision making.

Statistical techniques are used extensively by marketing, accounting, quality control, consumers, professional sports people, hospital administrators, educators, politicians, physicians, etc…

As such a strong tool, statistics is often misused. Everyone has heard the joke (?) about the statistician who drowned in a river with an average depth of 3 feet or the person who boarded a plane with a bomb because “the odds of two bombs on the same plane are lower than one in one millionth”.

Can you find examples in the popular press of misuse of statistics?

The post How you would use the descriptive statistical procedure(s) at work or in your personal life. first appeared on COMPLIANT PAPERS.