Mathematics Homework Help

Central Michigan University Statistics and Analytics in Business Discussion

 

I’m working on a Statistics question and need guidance to help me study.

How do statistics and analytics help businesses make better decisions?
1. Research on the applications of statistics and analytics in different industries, e.g. e-commerce, finance, education, or healthcare. Find a case study that interest you the most, what is the business problem of the case study? How do they collect the data? How do they analyze the data? What statistics and analytics methods do they use? What are the results or findings?
2. How can we use statistics and analytics to make better decisions for business?