Importance of values in making business decisions

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-Indicate what the following are: Average and Average. For each of these indicate its function and how it is obtained from the data.

-Indicate what are the following: Mode and Frequency. For each of these indicate its function and how it is obtained from the data.

-Indicate what the Variance is, what is its importance in the statistics and how it is obtained from the data.

-Indicate what the Standard Deviation is, what is its importance in statistics and how it is obtained from the data.

-Give a general example that shows the importance of these values in making business decisions.

Reference no: EM132836369

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