Final Exam

Final Exam Answer Sheet

Your Name: ______________________

Date:__________________

MMG525OL01 Statistical Decision Techniques for Managers

Fall 2020-2021

Your task in the Final Exam has 3 parts.

1. Research Innumeracy on your own and provide two reliable references along with a summary in your own words of the findings.

2. Take the statement below as your starting point and using the Covid-19 Pandemic, make the case for or against the proposition that “Innumeracy adversely affected the decisions made by many nations but primarily the USA in terms of responding to the Pandemic.” By adversely affected, we mean deaths, economic harm and social chaos. Your (minimum) two-page response must also include quotes by experts, references and supportive statistics and studies. Note: Innumeracy is mathematical illiteracy and usually includes a mistrust or misuse of science.

3. Finally, what should world leaders in general and the USA in particular have done differently if their decisions had been informed by science, math, statistics and verifiable evidence. Did any of the world leaders get it right, based on numeracy? How can we tell? Submit your final paper to the assignment page. Ten points.