1. Why Should I be Interested in This Course? Because, the course answers the following common questions: 1.Will my instructor grade on curve? 2.What is the range on our first exam? 3.How does a tire manufacturer determine mileage warranty? 4.How does the FDA know a new drug is more effective than an existing drug? 5.How does a company forecast future sales? 6.What does it mean when one says that the median home price in Orange County is $417,000?

2. Statistics is Data 1.Economic Data: unemployment, interest rate, inflation, stock price, real estate price, hotel occupancy 2.Business Data: sales, earnings, profit 3.University Data: number of students, racial/ethnic/sex distribution, full-time versus part-time 4.Common Interest Data: weather, crime, sports, special survey