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Questions and Answers
What is the primary focus of business statistics?
What is the primary focus of business statistics?
- Studying geological formations
- Forecasting stock market trends
- Examining financial data (correct)
- Analyzing consumer behavior
What is a key limitation of statistics?
What is a key limitation of statistics?
- Limited application in business
- Difficulty in collecting data
- Complex mathematical calculations involved
- Inability to represent real-life situations (correct)
In which way does statistics find application in other subjects?
In which way does statistics find application in other subjects?
- Assessing educational outcomes (correct)
- Predicting weather patterns
- Analyzing historical events
- Understanding biological processes
