Statistics

Study of data collection, analysis, interpretation, and presentation.

Types of DataData Collection MethodsDescriptive Statistics
Probability and Probability DistributionsInferential StatisticsCorrelation and Regression
Statistics in SportsStatistics in MedicineStatistics in Business and Marketing
Reading and Interpreting GraphsAvoiding Common Statistical Mistakes
Types of DataData Collection Meth...Descriptive Statisti...Probability and Prob...Inferential Statisti...Correlation and Regr...Statistics in SportsStatistics in Medici...Statistics in Busine...Reading and Interpre...Avoiding Common Stat...
Practical Applications

Statistics in Business and Marketing

Making Smarter Choices

Businesses use statistics every day to boost sales and understand customers.

Business Decisions

  • Analyzing customer surveys to improve products.
  • Predicting future sales using past data.
  • Segmenting markets to target specific groups.

Marketing Magic

Marketers use stats to test which ads work best and adjust their campaigns for maximum impact.

Everyday Examples

The next sale at your favorite store? There’s a good chance statistics helped plan it!

Examples

  • A company tests if a new commercial increases sales.

  • Stores track shopping habits to recommend products.

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Reading and Interpreting Graphs