Describe business research-statistics and decision models


Problem: Can someone please provide some assistance with this question. Needs to be between 350 and 450 words. Recall any experience you had with business data perhaps at your work place, and how have you used it and what you used it for; and then:

Define business research, statistics, and decision models. Why are they important to business?

Please include a question for my peers. Please see the below information for further information to better assist me with the question.

The course is called Applied Decision Making and the book we are using for this course is 

Statistics, Data Analysis, and Decision Modeling, 5/E
James R. Evans
ISBN-10: 0132744287
ISBN-13:  9780132744287
Publisher:  Prentice Hall
Copyright:  2013
Format:  Paper; 552 pp
Published:  01/18/2012

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