a) In today’s chaotic environment, business statistical analysis (e.g., business forecasting) does not make any sense. All a forecast does is show you what is not going to happen. Please comment.
b) Use the Internet to research articles on descriptive statistics analysis and its application in business. Select one (1) company or organization, which conducted this analysis to measure its performance parameters (e.g., mean, variance, range, mean differences between two processes, etc.). Give your opinion as to whether or not this statistical analysis improves business process for the company or organization that you selected. Justify your response.
c) Use the Internet to research articles on probability sampling and its application in business. Select one (1) company or organization, which utilized probability sampling for its business process (e.g., to conduct a marketing or customer satisfaction survey, focus group.) Give your opinion as to whether or not the utilization of such a technique improved business process for the selected company or organization. Justify your response.
Please cite at least two sources such as academic journal articles.