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Develop an APA formatted paper that defines and presents an analysis of the following concepts in...

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Statistics

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.

Answer & Explanation Solved by verified expert
3.7 Ratings (286 Votes)
Answer measurements is characterized as a strategy for gathering investigating and removing valuable data from an informational collection distinctive sorts of insights 1 DESCRIPTIVE STATISTICS 2 INFERENTIAL STATISTICS Illustrative insights alludes to outline of vital highlights of the information it incorporates the information in types of visits or tables for understanding information inferential measurements alludes to used to make inference on    See Answer
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