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Major components of statistical methodology

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Question: Statistical Methods

Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive statistics). Why might these distinctions be important to a manager?

REFERENCE:

Evans, J., & Lindsay, W. (2011). Managing for quality and performance excellence (8th ed.). Mason, OH: South-Western Cengage. Chapter 10: Statistical Thinking and Application

b. Chapter 11: Six Sigma and Process Improvement

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The given solution is prepared in the MS Word and contain answer to the asked question in around 150 words. This is a verified solution.

Reference no: EM131048454

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