examples of ways statistics are used in business and in our everyday lives
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Examples of ways Statistics are used in business and in our
everyday lives
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Does competition make children produce better artwork?
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Two groups of children made collages.
Some were told they were competing for prizes.
Others thought it was just a party game.
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Art experts analyzed the finished work.
Result … Competitive rewards hurt creativity.
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Domino’s Pizza
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Domino’s wants to add deep dish pizza to their product line-up
Why? Because market research shows 45% of customers like it.
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To see if the new pizza will work …
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They have expert tasters rate different versions of the new pizza.
They give taste tests to members of the general public.
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They analyze the type of customer who is likely to buy deep-dish pizza.
They hold strategy sessions to discuss marketing the new product.
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They stop people in shopping malls and ask them to view story boards of commercials for the product.
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They test-market deep-dish pizza in selected cities and call people who buy it to get their reaction.
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Examples of describing dataWhen does lightning first strike during the day?
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What is normal growth for a child, and when should they receive synthetic growth hormones?
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Are power boats killing manatees?
Do baseall players who hit more home runs earn higher salaries?
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Examples of producing dataWhat effect do chemical plants have on shellfish in Chesapeake Bay?
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Does aspirin help prevent heart attacks?
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How can Frito-Lay ensure their potato chips are high quality?
Who will win an election?
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What do the American people think on different issues?
What made the Challenger space shuttle explode?
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Why will the house always make money in a casino?
Quote from man at a casino: “If you win, you’ve got to quit while you’re ahead, or you’re a fool.”
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Examples of drawing conclusions from data
Are Hispanic agents being discriminated against in promotions given by the FBI?
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Does a new battery really last longer than the old one?
Why were people killed for being witches in colonial Salem?
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Could Shakespeare have written a newly discovered poem?
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Does a new educational program help women to get off of welfare?
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