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Probability and statistics are powerful weapons that can help people make good decisions, but that can also be used to wreak havoc. This paper is the first in a series designed to provide examples to students of how statistics can be used and misused to mislead the public and result in poor...
Persistent link: https://www.econbiz.de/10013072110
Recently, President Obama has proposed that the Department of Education start ranking colleges based on “value.” School rankings have, for some time, formed an important component of students’ decisions on which institutions to attend. However, as we illustrate in this paper, such rankings...
Persistent link: https://www.econbiz.de/10014150416
The Internet has had a profound effect on the speed and global reach of competition, which has pushed the need for adaptivity to the forefront of corporate survival. Because of an unprecedented convergence of technologies, threats to companies can come from unexpected places. This necessitates a...
Persistent link: https://www.econbiz.de/10014144382