Question: The best decision makers ... use the quantitative data they are given to drive their decision making. use the appropriate analysis of data they have
The best decision makers ...
| use the quantitative data they are given to drive their decision making. | ||
| use the appropriate analysis of data they have satisfied themselves are valid as a tool to inform their decision making. | ||
| rely on the recommendations of their data analysts. | ||
| accept the data and conclusions of "experts," scientists, researchers, politicians, governments, and other official sources at face value. |
Statistics ...
| is the process of generating or collecting, organizing, analyzing, interpreting, and presenting data. | ||
| are calculations made from sample data. | ||
| both A and B. | ||
| neither A or B. |
The limitations of statistics include ...
| analyst bias. | ||
| logic. | ||
| exchange rates. | ||
| LIBOR. |
To what did the following quote from the instructor's notes refer? "There are lies, damned lies, and statistics."
| analyst bias. | ||
| analyst mindset. | ||
| analyst ethics. | ||
| consumer bias. |
Deconstructing a process into its component parts and determining how those parts relate to each other and the overall purposes of the process is an example of ...
| analyst mindset. | ||
| data validity. | ||
| analyzing. | ||
| inductive reasoning. |
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