Reference no: EM1382028

1.) Select two of the following scenarios. Explain why you selected each, and give an example of how statistics might be useful to the person in the scenario.

a. An auditor is looking for inflated broker commissions in stock transactions.
b. An industrial marketer is representing her firm's compact, new low-power LCD screens to the military.
c. A plant manager is studying absenteeism at assembly plants in three states.
d. An automotive purchasing agent is comparing defect rates in steel shipments from three vendors of steel.
e. A personnel executive is examining job turnover by gender in a fast-food chain.
f. An intranet manager is studying e-mail usage rates by employee job classification.

2.) How can statistics help organizations deal with:

a. information overload?
b. insufficient information?

Give an example from a job you have held or know about where statistics might have been useful.

3.) Cite an example from your daily life, work, or general reading where statistics have played a vital role.

4.) A survey of beginning students showed that a majority strongly agreed with the statement, "I am afraid of statistics." Why might this attitude exist among students who have not yet taken a statistics class? Would a similar attitude exist toward a business or history class? Explain your thoughts.