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Q: What is the importance of statistics in entrepreneurship?
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Oh honey, statistics are like the bread and butter of economics. They help economists make sense of all that messy data and draw conclusions that actually mean something. Without stats, economics would just be a bunch of fancy theories with no real-world application. So yeah, statistics are pretty darn important in the world of economics.


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TO GENERATE GREAT EMPLOYMENT OPPURTUNITIES.


What is the importance entrepreneurship?

TO GENERATE GREAT EMPLOYMENT OPPURTUNITIES.


What is the importance of statistics in Nigeria?

Statistics is crucial in Nigeria for various reasons. It helps in monitoring and evaluating the country's economic growth, informing policy decisions, and assessing the effectiveness of government programs. Additionally, statistics play a vital role in identifying trends, patterns, and disparities within the population, which is essential for targeted interventions and resource allocation. Overall, accurate and reliable statistical data is fundamental for evidence-based decision-making and sustainable development in Nigeria.


Discuss the importance of descriptive statistics in business organisations?

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