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Statistical Thinking And Future Thinking, Claudius Claiborne, Mammo Woldie Dec 2016

Statistical Thinking And Future Thinking, Claudius Claiborne, Mammo Woldie

Claudius Claiborne

Business Statistics is one of several courses students in our business school are required to take. It is also one of the courses students have difficulty in performing well. The real benefit of exposure to statistics is not just mathematical understanding, however, but the development of an ability to think conceptually and to think about the future. These perspectives are invaluable preparation for engagement in a global community. This ability has been referred to as “Future Thinking,” (Claiborne, 2014). Future Thinking is, at its core, probabilistic and also empathetic. Those high in future thinking can envision a future with its …

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How To Make Teaching Of Statistics More Effective In Business Schools?, Kuldeep Kumar Sep 2011

How To Make Teaching Of Statistics More Effective In Business Schools?, Kuldeep Kumar

Kuldeep Kumar

Statistics is taught in almost all Business Schools as a core course and prerequisite to may advance economics, finance and accountancy courses. However, Statistics has to be taught in a different way in Business Schools as compared to how it is taught in their own statistics department. There should be more emphasis on applications in Business area rather than theory. There has been lot of interest in teaching of statistics in Business schools for a very long time, for example see Cox (1965), Moore (1976) and Love and Hildebrand (2002). This paper discusses author's experience of teaching statistics in an …

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