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Quantitative Thinking In The Workplace

Decent Essays

Part 1
Significance of quantitative thinking in work place
For accountability measures, an individual is necessitated to acquire quantitative thinking. This a good process that helps in decision making when dealing with critical issues in workplaces for it; helps one to interpret the models that deal with mathematics like tables, formulas, schemes, graphs and they help to draw inferences from the models, it helps a quant to realize that there is a limit with mathematical methods as well statistical methods and it provides several ways to solve the problems like geometric, statistical and algebra.
Quantitative thinking is of importance for it represents the information (mathematical information) in a symbolic, numeric and verbal as well …show more content…

It provides a wide look at things and gets a more and accurate understanding on the ongoing event. At most time, misinterpretation of statistical data causes wrong results (Blanche, 2011). Some of data (statistic data) may be biased in relation to opinion despite the misconception that statistics displays a true measure regarding certain research. Not all the statistical numerals that the person analyzing data can be able to notice, lack of further explanation can lead to misinterpretation of data thus wrong decision making. Also bad sampling can too lead to misinterpretation of data for most samples assume that the whole population possesses the same characteristics as the sample. At the other hand use of definitional terms that are not in relation to the information being used can lead too to misinterpretation of statistical data. This has been seen most in elections where there is miscounted statistical data that results to false election.
Part 3
Emotions: they affect how a person thinks and judges a certain issues thus hindering problem solving. Problems are normally dealt with logically thus one not need to engage his/her in stress. I overcame this problem by adopting a rational mindset and letting the mind to govern the actions that I took towards solving the

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