Summary Week 5 Assignment.docx BUS 308 What I have learned about statistics? BUS 308: Statistics for Managers Statistics play a major role in our society. Everywhere that we look statistics have been used to predict an outcome of what may happen such as wit

Week 5 A BUS 308 What I have learned about statistics? BUS 308: Statistics for Managers Statistics play a major role in our society. Everywhere that we look statistics have been used to predict an outcome of what may happen such as with businesses, the economy, and jobs. Statistics can be defined as €œa branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data and a collection of quantitative data (Merriam-Webster Dictionary, 2020).€ There are other ways that statistics play an integral part such as in unemployment rates, corporations in the financial department, trading, board members use this to project outcomes in their company and network televisions. Statistical analysis strategies help to give accurate determinations to help business. This includes having a plan, building from that plan, accessing the factors, figuring ou