If you have taken a class in statistics, whether in college or as a part of professional training, how much has it helped you solve problems? Based on my observation, the answer is mostly not much. The primary reason is that most people are never taught statistics properly. Terms like null hypothesis and p-value just… Continue reading On Statistics as a Method of Problem Solving
Tag: Probability
Setting SMART Goals
Recently I had conversations with several people on different occasions about effective goal setting. It is a common practice to use Specific, Measurable, Achievable, Relevant, and Time-bound (SMART) as criteria to create goals. However, using SMART goals for effective management or decision making is not as simple as it appears. For example, “improve product ABC… Continue reading Setting SMART Goals