What is business statistics? ...

[saraeharris]

What is business statistics?

Question 2

As a business person, in what ways may you find yourself involved with statistics?

[heinisk01]

Answer to Question 1

Business statistics can be described as the collection, summarization, analysis, and reporting of numerical findings relevant to a business decision or situation.

Answer to Question 2

You may find yourself involved with statistics in at least one of the following ways: (a) as a practitioner collecting, analyzing, and presenting findings based on statistical data, or (b) as a consumer of statistical claims and findings offered by others, some of whom may be either incompetent or unethical.

[saraeharris]

Thanks for the timely response, appreciate it

[aliotak]

Great answer, keep it coming