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Describe the role of statistics in business decision-making

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Reference no: EM131280399

Statistics in Business

Develop a 875-word response that addresses each of the following prompts:

• Define statistics with citation and reference.
• Contrast quantitative data and qualitative data. Use two Peer Reviewed references.
• Evaluate tables and charts used to represent quantitative and qualitative data.
• Describe the levels of data measurement.
• Describe the role of statistics in business decision-making.
• Provide at least two business research questions, or problem situations, in which statistics was used or could be used.

Use two peer reviewed references.

Format your assignment consistent with APA guidelines.

Verified Expert

This task provides a brief explanation on statistics and various methods used in statistics. Quantitative and qualitative data are used in statistics and it is very effective when quantitative data was used.

Reference no: EM131280399

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