What Is Statistics?

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DUE TODAY WED 1/8/14 

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Please provide your 300-400 word response (multipart) drawing upon your personal and work experiences and using your own.  Be sure to include citations for resources you have used to craft your response.

(a) What is the importance of statistics in business decision making? 

(b) Describe a business situation at your workplace (or a home-based situation) where statistics was used in making a decision. 

(c)  How did the use (or non-use) of statistics help/hurt the result.