1. Why would a statistician say The actual statistical calculations represent only 5% of the manager's work?...

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1. Why would a statistician say" The actual statistical calculations represent only 5% of the manager's work"?

2. What does the author mean that managers need to "Be clear about what you want to discover "?

3. Why is it important to be careful about causality?

4. Why can't you prove anything 100% with statistic?

5. Explain the difference between statistical and practical significance?

6. With all the limitation discussed in the article, why do we statistic?

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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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Question Posted: Mar 05, 2018 10:08 AM

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1. Why would a statistician say The actual statistical calculations represent only 5% of the manager's work?...

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Statistics cant be used in itself to prove things It can be merely used to support other rational th...View the full answer

Statistics For Business And Economics

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