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Ashford University
BUS 308: Statistics for Managers
Instructor Dr. Margarita Rovira
Main Elements of Statistics
A Summary
We can easily define what statistics means. It is a science where data is collected, classified, analyzed and interpreted using various methods. These methods are mathematical, and we use the different methods to draw various conclusions. These conclusions help us further our understanding of business, and daily life situations. For instance, we collect statistics on sporting events, currently there are countless people and mathematicians gathering the data from the games on Sunday the 18th, and the games
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