Solution-To run a successful business you need to learn

To run a successful business you need to learn about your

Reference no: EM13574467

To run a successful business, you need to learn about your customers, your competitors and your industry. Market research is the process of analyzing data to help you understand which products and services are in demand, and how to be competitive. Market research can also provide valuable insight to help you:

Reduce business risks
Spot current and upcoming problems in your industry
Identify sales opportunities

WHAT TO DO: Visit this data site:

https://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/establishing-business/b-1

and outline how you can apply any aspect of the methods, processes, terms, or analyses in this course to analyse any aspect of the data provided.

There is no right/wrong answer, just show how you can apply some aspect of business statistics to the data.

Attach a separate file of no more than 3 pages (750 words, if you chose to type it in the space provided). This should include any diagrams or formulas you may use.

Reference no: EM13574467

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To run a successful business you need to learn about your

Reference no: EM13574467

Reference no: EM13574467

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Basic Statistics Questions & Answers

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Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

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