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Who was the first person to use the Scientific Method?
Albert Einstein
As a businessperson in what ways may you find yourself involved with statistics Please?
As a business person when I focus on profit I must look on previous statistical data in order to have an idea on what happen in the previous years. Example on the Competition of the product: As a Business person I must look on my competitors and get statistical data to know I can complete with them and plan for the new strategy in order to win the market. Forecast: As a business person I have to have forecast on my future business, therefore I have to have proper data which will help me in providing good and accurate estimates. I have also to make sure that I maintain proper statistical data which will help me in managing my business properly.
Probability that a person who is 40 years old will alive till he is 70?
The information will depend on the gender and the country. National Statistical Offices publish tables of age-specific life expectancy.
What is the most common method of death when a person suicides?
Probably firearms, followed by pills, hangings, and drownings.
The probability that a given 80 year old person will die in the next year is .27?
The answer depends on where the man is. National statistical organisations publish age-and gender-specific mortality rates.
