1. Identify two instances in which you use a form of quantitative analysis in your daily lives. Discuss the tools you use and how quantitative analysis helps you make better decisions. Examples might include selling an item to a customer, calculating simple financial ratios, changes in the share prices, or assessing the probability of an event, using subjective approaches such as what are the odds that it will rain tomorrow.
2. Do you think the tools you use work well? If yes, explain why do you think so; if no, then suggest what other tools can be used in the identified instances.