Statistics: Application of the Chi-Square Statistics in Business
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What are business problems in which the application of the chi-square statistic is appropriate?
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Solution Summary
This solution provides three business scenarios where chi-square statistics can prove to be useful in testing correlations and distributions.
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Chi-Square Statistics can be used in the following Scenario's of Business.
1. When we would like to test whether there is any significant difference in the proportions. For example, consider a whole sale dealer for clothing. He might be interested in knowing whether there is any difference in proportion of sales ...
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