QNT 275 Week 1 Participation The Role of Statistics in Business Decision-Making

QNT 275 Week 1 Participation The Role of Statistics in Business Decision-Making 

https://uopcourses.com/category/qnt-275-participations/

QNT 275 Week 1 Participation The Role of Statistics in Business Decision-Making

Watch the “The Role of Statistics in Business Decision-Making” video.

Consider the following as you watch:

• Describe probability theory.

• Explain how sampling theory relates to probability theory.

• Differentiate between a population and a sample.

• Explain, based on the video, why statistics is important in decision-making.