Explain the role of statistics in the business decision

Explain the role of statistics in the business decision

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Reference no: EM13393844

Write a 300-word summary that addresses the following criteria:

Define statistics.
Identify different types and levels of statistics.
Describe the role of statistics in business decision making.
Provide at least three examples or problem situations in which statistics was used or could be used.

Reference no: EM13393844

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