Question: Discuss statistics. How are statistics useful for making managerial decisions? What are descriptive statistics? Provide an example. What are inferential statistics? Provide an example. What

Discuss statistics. How are statistics useful for making managerial decisions? What are descriptive statistics? Provide an example. What are inferential statistics? Provide an example. What are the fours scales/levels of measurement (hint: NOIR)? Discuss each.

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