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    Descriptive and Inferential Statistics to make Managerial Decisions

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    Can you provide some pros and cons of using descriptive and inferential statistics to make managerial decisions.

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    https://brainmass.com/statistics/hypothesis-testing/descriptive-and-inferential-statistics-to-make-managerial-decisions-156793

    Solution Preview

    Descriptive statistics simply provides sample parameters, like mean, median, mode, skewness, standard ...

    Solution Summary

    This solution evaluates the pros and cons of using descriptive and inferential statistics to make managerial decisions, it also includes a worked example of descriptive statistics being used in inferential decision-making.

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