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Georgia Institute of Technology Role of Statistics in the Modern World Essay

Georgia Institute of Technology Role of Statistics in the Modern World Essay

Question Description

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 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 and provide examples from your future area of expertise (e.g., finance, operations management, marketing, etc).

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.

You will submit the essay on Canvas. It should be typed on 8½ x 11 paper. No late submission will be accepted. The assignment is open book and notes and requires individual effort.

A works cited page in the end of essay is required.


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