Describe, in your own words (after reading the material) what your definition is of statistics. Keep it reasonably brief; I don?t need to see a complete review of all the tools, procedures, principles.How does statistics apply to business?Establish the link between statistics and data.Identify the different types of data and data-collection methods.Differentiate between population and sample data.Differentiate between descriptive and inferential statistics.References:Cooper, D. R., & Schindler, P.S. (2011). Business Research Methods (11th ed.). New York, NY: McGraw-Hill/Irwin.McClave, J. T., Benson, P. G., & Sincich, T. (2011). Statistics for Business and Economics (11th ed.). Boston, MA: Prentice Hall
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