no1: Wells' statement that the 'statistical thinking will one day be as necessary as the ability to read and write' is valid in the context of today's competitive business environment where many organizations find themselves data-rich but information-poor. Thus for decision-makers it is important to develop the ability to extract meaningful information from raw data to make better decisions. It is possible only through the careful analysis of data guided by statistical thinking. Explain the above statement in context of today's business competitive environment in data rich but information is poor? b) How you think that sources of data and methods of data apply the competitive business environment in data