Describe the role of statistics in business decision-making.

Write a 525- to 700-word response that addresses the following prompts:

Define statistics with citation and reference.
Contrast quantitative data and qualitative data with citation and reference.
Describe the levels of data measurement.
Describe the role of statistics in business decision-making.
Provide at least two business research questions, or problem situations, in which statistics was used or could be used.

Copy and paste the five prompts above into a Microsoft® Word document and write a response below each prompt. Add an APA title page to your document. Use APA quotation, citation, and reference format for all sources used.


 

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