Question: Define statistics. Identify different types and levels of statistics. Describe the role of statistics in business decision-making. Provide at least two examples or problem situations

Define statistics. Identify different types and levels of statistics. Describe the role of statistics in business decision-making. Provide at least two examples or problem situations in which statistics was used or could be used.

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The word statistics is associated with the term stare indicating quantitative information relating to state administration The term statistics was coi... View full answer

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