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Author Question: What is business statistics?[br][br][b][color=black]Question 2[/color][/b][br][br]As a business ... (Read 160 times)

@Brianna17

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on: Jun 24, 2018
What is business statistics?

Question 2

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


Ahernandez18

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Reply #1 on: Jun 24, 2018
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.


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