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More than 100 years ago, H.G. Wells commented that “statistical thinking will one day be as necessary as the ability to read and write.” If you were to google “statistics for managers”, you will see a list of all sorts of books on this topic, followed by thousands of articles and resources.
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Provide a detailed application for the use of some of the many forms of statistics in business. As you perform this analysis, be sure to describe the scenario in detail, why you will need the use of statistics, and explain which type of statistics you will use to solve your scenario question. Two-hundred-word minimum, well formatted and referenced.
