MGT2250 Role of Statistics
Do you know what Mark Twain said about statistics?
In his autobiography he once wrote: “There are three kinds of lies: lies, damned lies and statistics.”
On two-three pages , write an essay (double spaced) that explains the important role statistics plays in driving modern world. How does statistics help managers assess the credibility and usefulness of information? How can it help them make decisions that lead to the most optimal outcomes? Please address these questions in your essay.
You are encouraged to be as creative as possible; for example, you may use well-known quotes, that are contrary to the Twain quote above, to support your points. Humorous references are welcome, as well. Just be sure to include all of your references used at the end of your essay.
