Statistics forms one of the core aspects in business since it is an important tool in analyzing data for various reasons. Statistics helps managers in making decisions that are certain and supported by data. With the increasing competition among businesses, each decision made has to be accurate to avoid possible ramifications of inaccurate decisions. For this reason, therefore, managers rely on statistics to make such decision. In addition, statistics help in focusing on the big picture in the business world. For example, statistics enables business people to understand the markets without questioning every stakeholder. In this case, statistics serves Continue reading...