- Descriptive Statistics: 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?
- How to Display Data Badly : Read the article “How to Display Data Badly” by Howard Wainer. It is attached here: How to Display Data Badly and also posted under the Content tab (after you choose the Content tab, choose Course Content and Session 1 from the list on the left). For a summary, Wainer Explained.
Next read, Chart Junk Considered Useful after All, by Robert Kosara,
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