Business statistics takes the data analysis tools from elementary statistics and applies them to business. For example, estimating the probability of a defect coming off a factory line or seeing where sales are headed in the future. It involves collecting, classifying, summarizing, organizing, analysing and interpreting data. The main objective is to make ideas about certain characteristics of a population in the business domain whether the population is people, objects or collections of information. This PPT will introduce you to keywords and the application of statistics in the workplace. Click on the preview for a quick peep into the resource, and then download it to read it fully.

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