Statistics and the USA World Bank

Paper Summary:

This paper provides a brief description of the history of statistics and business and a description of the problems in USA World Bank's statistical data. The paper then determines solutions that will allow USA World Bank to use statistics in order to launch the product that will most effectively bring the company new customers and satisfy its current customers without alienating current customers in a different demographic, either small business owners or consumers.

Table of Contents:
Introduction
A Brief History of Statistics and Business
A Description of the Problem at USA World Bank
Solution
Conclusion

From the Paper:

"After giving these new, more accurate survey questions to the truly random sample population, USA World Bank will have more representative data regarding the implementation of the two programs. Data should be studied carefully by more than one expert and analyzed for error. Before the implementation of either program, researchers and executives at USA World Bank must determine whether or not the probability of errors is great enough to result in the retraction of one or both of the programs. Furthermore, this new data may suggest that both Mary and Jim were right: there is a demand for both products in two very different business sectors."

Sample of Sources Used:

• Arsham, Hossein. (2008). Statistical Thinking for Managerial Decisions. Retrieved October 5, 2008, from The University of Baltimore. Web Site: http://home.ubalt.edu/ntsbarsh/Business-stat/opre504.htm#rrstatthink
• "News You Watch Says A Lot About How You'll Vote." (2008). Retrieved October 5, 2008, from http://www.rasmussenreports.com/public_content/politics/election_20082/2008_presidential_election/news_you_watch_says_a_lot_about_how_you_ll_vote
• United States Census Bureau. (2008). Retrieved October 5, 2008, from the United States Census Bureau. Web Site: http://factfinder.census.gov/home/saff/main.html?_lang=en
• Verduin, Kees. (2007). A short History of Probability and Statistics. Retrieved October 5, 2008, from Lieden University. Web Site: http://www.leidenuniv.nl/fsw/verduin/stathist/stathist.htm
• "What's the Best Way to Collect My Information?" (1998). Retrieved October 6, 2008, from the United States Department of Education. Web Site: http://www.ed.gov/pubs/EdTechGuide/whatbest.html

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