Statistics has various applications in a business. Mention a scenario where you think statistics can be applied in business analytics.
Question
Statistics has various applications in a business. Mention a scenario where you think statistics can be applied in business analytics.
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Solution 1
Statistics can be applied in various scenarios in business analytics. Here is one example:
- Market Research: A company wants to launch a new product and needs to understand the potential market. They can use statistics to analyze data from surveys or studies about consumer behavior. This can incl Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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