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Quantitative research and managers

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Quantitative reasoning and mathematical operations are common in business. Explain why it is so important for managers to understand these concepts. As part of your answer, please give an example from your experience where knowing the math has been of value to your organization.

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Solution Summary

A discussion on why it is important for managers to understand quantitative research.

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The use of quantitative research is essential to understand the market, the changes in the market and how everything works to become a cohesive successful venture. Using mathematical operations takes the abstract theories and makes them into concrete findings. Simple answers can be found in all measurements of quantitative study. Knowing that there are a specific number of this that affects that or ...

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