What is importance of statistics in business decision making


Discussion Post

• How would you define statistics? How is statistics used in business decision-making? What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision

• How would you define a variable? What is the difference between a dependent and independent variable? Do you think both variables are used in every research? Explain why or why not.

The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.

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Business Management: What is importance of statistics in business decision making
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