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November 22, 2022

The Role of Statistics in Business Decision-Making video

The Role of Statistics in Business Decision-Making video

Watch the “The Role of Statistics in Business Decision-Making” video.

Consider the following as you watch:

• Describe probability theory.

• Explain how sampling theory relates to probability theory.

• Differentiate between a population and a sample.

• Explain, based on the video, why statistics is important in decision-making.

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