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An employee records the number of customers that arrive at a retail store today. This is an example ...

aagabhinav

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An employee records the number of customers that arrive at a retail store today. This is an example ...

An employee records the number of customers that arrive at a retail store today. This is an example of collecting information.

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Q. 2

One of the major reasons to use statistics is to transform data into information.

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Q. 3

Information is the basic foundation for the field of statistics and can be defined as the value assigned to a specific observation or measurement.

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Q. 4

Business statistics are statistics applied to the business world in an effort to improve people's decision making in fields such as marketing research, operations, finance, and advertising.

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Q. 5

Statistics is the mathematical science that deals with the collection, analysis, and presentation of datadata that can then be used as a basis for inference and induction.

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Textbook

Business Statistics

Edition: 2^nd

Author: Donnelly

Read 104 times

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lius085

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More solutions for this book are available here

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aagabhinav Author

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Thanks for your help <3

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