How probability is used in sales marketing and manufacturing


Paper Assignment: Data Analysis & Business Intelligence

Length: 5 to 6 pages.

Using your textbook (look at some of the business examples that are illustrated), LIRN, JSTOR org, and the Internet, develop a paper that defines and presents an analysis of the following concepts in a business application. This means that you must provide examples of how each of these concepts can be used by upper-level management to make strategic decisions, and provide details on how statistical concepts used in the decision-making process can be summarized and presented to a board of directors (for example).:

a) Types of statistics used for business

b) How Computer Software Applications can be used to process and analyze data

c) How data can be displayed and explored in an effort to make better strategic business decisions

d) How Probability is used in sales, marketing, manufacturing, and so forth.

e) How to test hypotheses and compare results for the purpose of forecasting and making better strategic business decisions.

f) Develop a hypothetical numerical example, conduct a test of hypotheses, and interpret the results.

Format your assignment according to the give formatting requirements:

• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.

• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.

• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.

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Business Management: How probability is used in sales marketing and manufacturing
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