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Why are control groups used in statistical studies?
Because its the group for which the idependent variable is help constand in a statistical study.
What difference between Statistical Sampling and non statistical sampling?
an approach to sampling that has the characteristics of being randomly selected and the use of probability theory to evaluate sample results. Whereas non-statistical sampling is therefore any sampling approach that does not have both of the characteristicss of statistical sampling. I hope this will help....
What are the built in formulas used by Microsoft Excel to help compute statistics?
The statistical functions.
How does the statistical process help make informed decisions?
Because statistics tell us what the presents trends are now or were that can be projected into future.
As a businessperson in what ways may you find yourself involved with statistics Please?
As a business person when I focus on profit I must look on previous statistical data in order to have an idea on what happen in the previous years. Example on the Competition of the product: As a Business person I must look on my competitors and get statistical data to know I can complete with them and plan for the new strategy in order to win the market. Forecast: As a business person I have to have forecast on my future business, therefore I have to have proper data which will help me in providing good and accurate estimates. I have also to make sure that I maintain proper statistical data which will help me in managing my business properly.
