Describe the role of statistics in business decision-making


Discussion:

Write a 300-word summary that addresses the following criteria:

Define statistics.

Identify different types and levels of statistics.

Describe the role of statistics in business decision-making.

Provide at least two examples or problem situations in which statistics was used or could be used.

Format your summary consistent with APA guidelines.

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Microeconomics: Describe the role of statistics in business decision-making
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