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Using Statistics for Better Business Decisions by Bert G. Wachsmuth, Justin Bateh

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Chapter 1

Statistics and Statistical Software

Preview: The study of statistics is vitally important, yet many people have only a vague understanding of it. Statistical analyses play a role in everything from politics and social science to studies of biological diversity, and individuals with a deep understanding of the science are always in high demand. Many people think they understand statistics, but the actual results of a statistical analysis can be counterintuitive. That is why it is so important to move beyond intuition and into the realm of science. It is important to realize that statistics is not an end in itself. Rather, it is a means for the identification and analysis of problems, and it is a useful tool to arrive at better decisions. ...

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