1. Page Summary on the Importance of Simple Statistics and its"
... , it shows what is popular and what is not, this might be useful to marketing businesses. Measures of Dispersion show what areas are particularly strong or weak from the average that would help companies when they need to know where they should ship more or less of a certain product. MOE or Margin of Error shows just what a confidence level companies can have and can also ... give a worst case scenario in case of product failure. If in fact I were a business major this chapter would give me basic knowledge of what I might need know in order to progress in the competitive ... business wo...
- Word Count: 268
- Approx Pages: 1
- Grade Level: Undergraduate