Discussion:
Statistics is useful in all fields of studies including business, sports, healthcare, and criminal justice.
Discuss how statistics is related to your field of study.
What question would you be interested in answering?
What data would you collect and how would you collect the data to help answer this question?
What statistics do you want to find, such as mean, median, variance?
What conclusions can be drawn based on the results?
Management strategy
Read the case history and discuss the Management strategy that resulted in Reader's Digest's bankruptcy.How would you change the strategy that resulted from the bankruptcy?
Case Study - A Reader's Digest That Grandma Never Dreamed Of