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.
