Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. we always seem to be focused on using statistics i

We always seem to be focused on using statistics in Business decisions. Please think of some...

70.2K

Verified Solution

Question

Basic Math

We always seem to be focused on using statistics in Businessdecisions. Please think of some ways you can use statistics in yourown decision making. For example, when we go on vacation as afamily, we choose between many different types of travel. Usingstatistical analysis, I am able to come up with different pricingoptions.

Answer & Explanation Solved by verified expert
3.7 Ratings (660 Votes)
Statistics It is an aggregate of facts affected to a marked extent by multiplicity of causes numerically expressed enumerated or estimated according to reasonable standards of accuracy collected in a systematic manner for a predetermined purpose and placed    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Choose which reasoning process is shown in the following example Explain your answer An HMO...

Accounting
1.2K views

Static Budget versus Flexible Budget The production supervisor of the Machining Department for Niland Company agreed to...

Statistics
1.2K views

Listen A factory produces plate glass with a mean thickness of 4mm and a standard...

Algebra
1.2K views

Find an equation for the ellipse Graph the equation foci at 6 0 y intercepts...

Algebra
1.2K views

Simplify the expression 3x+27/31) x-92) x+9/33) x+9

Algebra
1.2K views

Calculate the yield to the nearest hundredth of a percent Ralph Suarez purchases a 9...

Accounting
1.2K views

Advantages of this business type are that the owner is their...

Accounting
1.2K views

Exercise 8-2A (Algo) Effect of accounting events on the financial statements of a sole proprietorship...

Accounting
1.2K views

Discuss the differences between the perpetual and the periodic inventory system. You answer must discuss:...

Accounting
1.2K views

om Help Save& Exit Submit Check my Sharp Company manufactures a product for which the...

Accounting
1.2K views

Presented below are the 2013 income statement and comparative balance sheets for Santana Industries. ...

Finance
1.2K views

Explain the concept of interest rate parity. What does this concept imply about the long-run...