Question: (b) Discuss with real-life practical examples, how and where the following concepts are applied in the case of business administration. A clear introduction to the

(b) Discuss with real-life practical examples, how and where the following concepts are applied in the case of business administration. A clear introduction to the concepts is as well expected:

(i) Linear regression

(ii) Hypothesis testing

(iii) Probability

(iv) Utility theory

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