Dangerous tools in the hands of the inexpert

Reference no: EM131038056

''statistical methods are most dangerous tools in the hands of the inexpert''.explain the significance of the statement.

Reference no: EM131038056

Questions Cloud

What strategies do you feel airlines should consider to grow : What macro-environmental factors external to the company should Southwest Airlines be most concerned about? How do these factors affect Southwest Airlines? Explain.

Contract for the sale of goods fail to insert the price term : If the parties to a contract for the sale of goods fail to insert the price term, what price will the court determine to be applicable? When the delivery term has been omitted in a contract for the sale of goods, what can the parties assume it to be,..

Has there been progress in rectifying the discrimination : Has there been a shift in the power this group holds? If so, what factors have impacted this shift?

Demands-estimate that standard deviation of daily demand : After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking through the store and stockrooms, you find a great discrepancy in service levels. You examine the sales records and purcha..

Dangerous tools in the hands of the inexpert : ''statistical methods are most dangerous tools in the hands of the inexpert''.explain the significance of the statement.

Calculate the defects per million opportunities : A manager states that his process is really working well. Out of 1,460 parts, 1,440 were produced free of a particular defect and passed inspection. a. Calculate the defects per million opportunities (DPMO). Defects per million opportunities 13699 b...

Multidimensional central limit theorem : What is the multidimensional central limit theorem? What is the difference between this and the classical?

Find the volume of the bigger one : The ratio of the length of the sides of the cube is 2:5 , find the volume of the bigger one if the volume of the smaller is 200 cm^3

Calculate volume of the bigger : The ratio of the length of the sides of the cube is 1:3 , calculate volume of the bigger one if the volume of the smaller is 400 cm^3

User Account

All Pages