Business statistics can be used to analyseSelect one:a.Quantitative and qualitative datab.Quantitative data onlyc.Qualitative data onlyd.Quantitative or qualitative data
Question
Business statistics can be used to analyseSelect one:a.Quantitative and qualitative datab.Quantitative data onlyc.Qualitative data onlyd.Quantitative or qualitative data
Solution
Business statistics can be used to analyse:
a. Quantitative and qualitative data
This is because business statistics involves the application of statistical tools in the area of business to make decisions. It uses both numerical and non-numerical data (quantitative and qualitative data) to analyze and make decisions. Quantitative data is numerical, measurable data that can be used for mathematical calculations and statistical analysis. Qualitative data, on the other hand, is non-numerical data that is used to understand concepts, thoughts or experiences.
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