Statistics

Demonstrate how to apply statistical concepts used in the decision-making and problem solving process. You should include an executive summary on your findings and in-depth analyses. Specifically, you paper will address the following topics:  Statistics and probability used in strategic decision making and solving complex business problems  Inferential statistics and hypothesis testing methodologies; distribution, central tendency, regression analysis  Time Series analysis as a statistical technique for understanding values of variables at different times that can have an effect on decision making  Research companies that use these various techniques to assist in developing solutions to complex business problems, and demonstrate how they can establish a competitive advantage