Quantitative Measures At Carstab

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...building a business case for some purpose can be skewed according to the position of the presenter. It was in the business environment that the phrase, "figures don't lie, but liars figure" was born.
In its purest form, however, statistics is the study of collecting and classifying a group of facts according to some common quality. It is used to evaluate the effectiveness of a marketing program; to keep a gauge on the performance of the economy; and evaluate data collected for research purposes, among other uses. The principle of sampling is central to today's applications of statistics. Rather than collect data from every point possible, the statistician can select...

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