Why Smart Managers Can't Count
Omar MahmoudProctor & Gamble Europe
H.G. Wells once remarked that 'Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write', but he did not say when.
Statistical thinking, even more so than other forms of rational thinking, does not come to us naturally. Usually it does not come to us unnaturally either.
This article attempts to help us use statistical thinking better by answering three questions.
- How can we spend our money more wisely?
- How can we assess...