Question: 1.1. Explain the value of the business statistics in management 1.2. What is the difference between descriptive statistics and inferential statistics 1.3. Explain the

1.1. Explain the value of the business statistics in management 1.2. What is the difference between descriptive statistics and inferential statistics 1.3. Explain the role of statistical modelling in business practice 1.4. List any two factors that may influence data quality 1.5. Name and explain any two central tendencies 1.6. What is the difference between an Ogive and Scatter Plot 1.7. List the steps to construct an Ogive 1.8. List four basic probability concepts that are used when calculating probability associated with two or more events occurring

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