What does Deming mean when he said: "Figures are only useful if we know how to use them; they are no use on their own. Give an example to support your conclusions
What will be an ideal response?
Very simply, what gets measured gets done. Effective organizations recognize that if they cannot measure, they cannot manage. They know that if they do not have sufficient information about a process, product, or service, they cannot control it. And if a process cannot be controlled, the organization is at the mercy of chance. So, effective organizations choose their measures wisely and then use the information they provide to make decisions.
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Reliability can be defined as the extent to which measures are free from random error, XR
Indicate whether the statement is true or false
You are trying to convince someone to invest in a new venture because "everyone is doing it." What should you do to maximize your influence attempt?
a. Show potential investors a list of the other people investing in your business. b. Obtain testimonials from people who have previously invested in your businesses. c. Show potential investors how much money others have earned by investing in your businesses. d. All of the above.