Identify two instances in which you use a form of quantitative analysis in your daily lives. Discuss the tools you use and how quantitative analysis helps you make better decisions. Examples might include selling an item to a customer, calculating simple financial ratios, changes in the share prices, or assessing the probability of an event, using subjective approaches such as what are the odds that it will rain tomorrow.
• Do you think the tools you use work well? If yes, explain why do you think so; if no, then suggest what other tools can be used in the identified instances.