question archive Explain the relationship between the nature of statistical thinking and intelligent decision

Explain the relationship between the nature of statistical thinking and intelligent decision

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Explain the relationship between the nature of statistical thinking and intelligent decision.

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Intelligent decisions are facilitated by statistical thinking because it tends to reduce options possible for a good decision to be made. The principles that guide statistical thinking are:

  • For a related processes, the work occurs systematically
  • All the process have a variation
  • The success of statistical thinking is determined by having a proper understanding of variation and how to reduce variation not intended.

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