What you’ll learn to do: Describe the role of statistics, data analytics, data science and managerialism in contemporary decision-making.
When you and your coworkers are trying to decide where you want to go for lunch, you need only to narrow the selection of restaurants, consider the ones in your price range, choose one and go. When it comes to making more complex decisions, there are plenty of external factors that can help (or hinder) your efforts.
Good businesses don’t “go with their gut.” They use all the statistics and data available to them when they make the decisions that will define their success as a company. We’re going to discuss statistics, data analytics, data science, and managerialism, and how they impact decision making.