Describe the role of statistics in business decision-making


Create a 525- to 700-word answer that illustrates the following prompts:

• Define statistics with citation and reference.

• Contrast quantitative data and qualitative data with citation and reference.

• Describe the levels of data measurement.

• Describe the role of statistics in business decision-making.

• Provide at least two business research questions, or problem situations, in which statistics was used or could be used.

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Basic Statistics: Describe the role of statistics in business decision-making
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