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Descriptive and Inferential Statistics to make Managerial Decisions

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

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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