QNT/351 ~ WK1 Individual Assignment: Statistics in Business - 7987

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  • From: Business, Marketing
  • Posted on: Sun 15 Apr, 2012
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Request Description

Define statistics.

Identify different types of statistics.

Describe the role of statistics in business decision making.


Write a 300-400-word summary providing at least three examples or problem situations in which statistics was used or could be used.  

Solution Description

Statistics is a way of gathering, analyzing, interpreting and presenting data so that it becomes more meaningful. It helps convert raw data into