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Business research-statistics and decision models

Can somebody please provide some assistance with this question. It's for an MBA course and needs to be between 350 to 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?

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Business Management: Business research-statistics and decision models

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