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My Thoughts About Statistics

This course explores the fundamental concepts of statistics, covering topics such as gathering information, analyzing data, ensuring meaningful results, and presenting findings. It also addresses challenges in using statistics and examines real-world scenarios. Warning: Statistics is not easy, but with practice and a breakdown of processes, it can become more manageable.

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My Thoughts About Statistics

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  1. My Thoughts About Statistics • What do we want to know? • How do we get the information we need? • How do we figure out the answer(s) to 1? • How do we ensure the answers are meaningful? • How do we present the answers? • What inferences can we make?

  2. Challenges With Statistics • People misuse statistics. • Not all statistics are meaningful. • People reject statistics they don’t agree with.

  3. How do we use statistics in business?

  4. Some Scenarios • What do people think? Want? Value? Do? … • What happened? Is it good or bad? • What is going to happen?

  5. WARNING! • Statistics is/is not easy. • Statistics takes practice. • Statistics uses mathematics extensively … But, if you break processes down, they are a lot easier!

  6. This Course • In Class: • Concepts (me) • Examples (me) • Group Practice (you and then me) • Q&A (you and me) • Quizzes (you) • Out of Class Using CengageNOW • Practice (you) • Homework (you) • Quizzes (you)

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