What is the importance of statistics in business


Where would you see descriptive statistics used in your work place?

How would you define dependent and independent variables? What is their significance in research? Explain with examples.

Develop five demographic questions to measure gender, age, years of experience, level of education, and ethnicity. Identify the level of measurement used for each

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. Provide examples. 

What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.

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