Unformatted text preview: Problem solving model: 1. Understand the problem. 2. Collect and analyze data. 3. Draw conclusions and make recommendations. 4. Communicate the results. Three key components to statistical thinking: • We must use data whenever possible to guide us. • We must look for connections and relationships. • We must understand why data values differ from each other. Statistics – a branch of mathematics dealing with the analysis and interpretation of masses of data...
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This note was uploaded on 04/18/2008 for the course ECON 205 taught by Professor Diagne during the Fall '07 term at Towson.
- Fall '07