Practice Use Of Statistics (5.7) - Statistics

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9 questions

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Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is one way statistics is used in business?
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Think about how companies decide what to sell.
Question 2.
Name one field where statistics is applied.
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Consider where data is gathered for analysis.
3Question 3.
Why are statistics important in decision-making?
- They complicate decisions
- They provide data-driven insights
- They are just numbers
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Think about how decisions are made based on data.
4Question 4.
Statistics are only used in business.
- True
- False
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Consider other areas where data is analyzed.
Question 5.
A company collects data on customer purchases and finds that customers who buy more than $100 are likely to return. How can the company use this information to enhance its marketing strategy?
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Consider how marketing can capitalize on happy returning customers.
Question 6.
In a school, statistics show that over 70% of students improved their grades after tutoring. How might this data influence school resource allocation?
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Think about what the school would want to support.

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