5.7 - Use of Statistics
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Practice Questions
Test your understanding with targeted questions
What is one way statistics is used in business?
💡 Hint: Think about how companies decide what to sell.
Name one field where statistics is applied.
💡 Hint: Consider where data is gathered for analysis.
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Interactive Quizzes
Quick quizzes to reinforce your learning
Why are statistics important in decision-making?
💡 Hint: Think about how decisions are made based on data.
Statistics are only used in business.
💡 Hint: Consider other areas where data is analyzed.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A company collects data on customer purchases and finds that customers who buy more than $100 are likely to return. How can the company use this information to enhance its marketing strategy?
💡 Hint: Consider how marketing can capitalize on happy returning customers.
In a school, statistics show that over 70% of students improved their grades after tutoring. How might this data influence school resource allocation?
💡 Hint: Think about what the school would want to support.
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