List and discuss at least two ways you use descriptive and inferential statistics in your organization or personal life
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Descriptive stats:
In my organization, I would work on budgets. What I would do is create a spreadsheet of the following data:
- cost of the project
- how long the agency worked on the project
- date of the invoice
- date the client paid the bill
So essentially, by looking at the two dates, I am able to calculate the time it takes for the client to pay their bill.
Having a spreadsheet of hundreds of numbers is not good for my manager, they want to …
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