Please answer these questions in your own words. Thanks.
1-During election years, we are inundated with statistics.
Here are a couple from recent years:
Unemployment rate has dropped from 8% to less than 6%;
The number of Americans with Health Care has improved by 10%.
Find examples of others, and discuss whether or not you think they are valid.
2-Think of some data that comes into your business or personal life on a daily basis. How do you translate that data into information and action?
3-One of the things I remember most from my days in aerospace is the tendency to reach a point of “Paralysis by Analysis.”
In the constant warfare among Finance, Manufacturing and Quality, some managers and directors very cleverly would ask for more data when they wanted to stifle a potential new project.
How might you address this maneuvering in the real world?
Do you have any examples of “Paralysis by analysis”?
4-What do you think is a good Confidence Level for the following:
Determining how many employees to hire for the Christmas rush in retail?
Deciding whether parts coming in from a supplier can be used on a new model car?
Budgeting for unexpected personal finance impacts in the coming year?
Explain your answers.
5-How about the issue of “timing”?
There must be a motivator to present statistical data and analysis that shows change is needed.
One reasons management (especially mid level management) questions all data is that the perception is out there that someone is doing something wrong and turf has to be protected.
The best time to present such data and analysis is if a problem in cost, scheduling or quality has occurred.
The someone might, indeed, listen!
101papers.com is always working towards customer satisfaction. Our professional academic writers always aim at producing comprehensive papers that possess quality and originality at pocket-friendly prices. Students are assured that all their private information is safe with us.
101papers.com provides a system where students can request for money-back in case they cancel the order or in the rare instances of dissatisfaction. The refund policy adheres to the company’s term and conditions on money-back.Read more
While providing the best professional essay writing services, we guarantee all our students of plagiarism-free papers. All papers produced by our professional academic writers are checked against all web resources and previously completed papers to avoid plagiarism.Read more
In our urge to provide the best professional essay writing services, we guarantee students of free revision policy. The free revision policy is a courtesy service where students can request for unlimited for their completed papers. We always aim at achieving 100% customer satisfaction rates. The free revision policy is one among many of our major advantages.Read more
At 101papers.com, every student is entitled to total security. Our professional academic writers are always committed to protecting all private information of our customers. We do not share any personal information with third parties. Additionally, we provide safe systems for all online transactions.Read more
Working with us is the greatest step towards achieving all your academic goals. We always deliver the best professional essay writing services as promised. We, therefore, expect all students to work cooperatively with us, as we work towards achieving our goal, your satisfaction. This way, all services will be delivered accurately and on time.Read more