statistical thinking concepts to practical applications

n the second half of the quarter, we will extend our statistical thinking concepts to practical applications. We will discuss using tools (e.g., Excel) for the execution. Watch the video titled “Descriptive Statistics using ‘Data Analysis’ tool in Excel”, located at https://www.youtube.com/watch?v=5MFjwM6K5Sg. Next, speculate on the overall manner in which you would use tools, such as Excel, to apply a business critical thinking strategy. Include one (1) example of such application to support your response.

 

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