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  Business statistics refers to using a different data tool from statistics and its use in a business setting. There are two types of business statistics used. One is descriptive statistics and two are inferential statistics. Descriptive statistics are used to describe a class of data points and inferential statistics are used to analyze a data set. Generally, Businesses use these to know their profitability and understand how much they need to invest in diversifying revenue.

Business statistics refers to using a different data tool from statistics and its use in a business setting. There are two types of business statistics used.

One is descriptive statistics and two are inferential statistics. Descriptive statistics are used to describe a class of data points and inferential statistics are used to analyze a data set.

Generally, Businesses use these to know their profitability and understand how much they need to invest in diversifying revenue.

Business statistics refers to using a different data to

Business statistics refers to using a different data tool from statistics and its use in a business setting. There are two types of business statistics used.

One is descriptive statistics and two are inferential statistics. Descriptive statistics are used to describe a class of data points and inferential statistics are used to analyze a data set.

Generally, Businesses use these to know their profitability and understand how much they need to invest in diversifying revenue.ol from statistics and its use in a business setting. There are two types of business statistics used.

One is descriptive statistics and two are inferential statistics. Descriptive statistics are used to describe a class of data points and inferential statistics are used to analyze a data set.

Generally, Businesses use these to know their profitability and understand how much they need to invest in diversifying revenue.

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