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Statistics for Business Decision Making and Analysis PDF Download Form

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SPEAKER: We've talked a lot about what data is and how it plays into decision-making. So what do we already? Well, we know that data is a collection of facts. We also know that data analysis reveals important patterns and insights about that data. And finally, we know that data analysis can help us make more informed decisions. Now, we'll look at how data plays into the decision-making process and take a quick look at differences between data-driven and data-inspired decisions. Let's look at a real life example. Think about the last time you searched, restaurants near me, and sorted the results by rating to help you decide which one looked best. That was a decision you made using data. Businesses and other organizations use data to make better decisions all the time. There's two ways they can do this, with data-driven or data-inspired decision-making. We'll talk more about data-inspired decision-making later on, but here's a quick definit

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