Explore the importance of statistics in business

Reference no: EM13720422

Write down the correct solution of the given questions

Question 1- Explain the importance of statistics in business

Question 2- What is the difference between a population and a sample?

Question 3- List different types of charts available in Excel, and explain characteristiccs of data sets that make each chart most appropriate to use.

Question 4- What statistical measures are used for describing dispersion in data? How do they differ from one another?

Question 5- Explain the concept of correlation and correlation coefficient. How would you interpret correlation coefficients of: +0.3, 0.0(zero), and -0.95

I want help to explore the importance of statistics in business.

Reference no: EM13720422

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