Problem 1. What characterizes 'good business research'. Emphasis is on good.
Problem 2. What is the relationship between deductive and inductive arguments (reasoning)? Are both types of arguments (reasoning) valuable in research? Explain. Provide examples of each type of argument, illustrating the benefits of their usage.
Problem 3. How would you apply probability concepts, such as confidence intervals and point estimation principles, to make sound business decisions where there are conditions of uncertainty (risk). Pick a specific example from your own area of business experience.
Problem 4. Apply concepts of probability to business decisions
What are the most important concepts you have learned from apply concepts of probability to business decisions?
What would you recommend to your management/leadership based apply concepts of probability to business decisions?
How will apply concepts of probability to business decision impact you personally and professionally?
What is the value-added apply concepts of probability to business decisions or what difference can these concepts make to your organization? (e.g., financial savings, productivity improvements, expanded marketing activities).