Although Relying on Data to Support Conclusions Is Impressive, a Persuasive

question 6

True/False

Although relying on data to support conclusions is impressive, a persuasive communicator should also express confidence in his or her intuition.

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Definitions:

Statistical Quality Control

Measures work samples for compliance with quality standards. It is the term used to describe the set of statistical tools used by quality professionals.

Statistical Techniques

The mathematical methods used to collect, analyze, interpret, and present data, often for the purpose of making informed decisions or predictions.

Break-Even Analysis

Calculates the point at which revenues cover costs under different ‘what if’ conditions. The break‐even point is where revenues = costs.

'What-If' Scenarios

Analytical tools used to evaluate the potential outcomes of different decisions or events.