Develop an APA formatted paper that defines and presents ananalysis of the following concepts in a business application. Thismeans that you must provide examples of how each of these conceptscan be used by upper-level management to make strategic decisions,and provide details on how statistical concepts used in thedecision-making process can be summarized and presented to a boardof directors (for example):
- Types of statistics used for business
- How Computer Software Applications can be used to process andanalyze data
- How data can be displayed and explored in an effort to makebetter strategic business decisions
- How Probability is used in sales, marketing, manufacturing,etc.
- How to test hypotheses and compare results for the purpose offorecasting and making better strategic business decisions.
