In business,statistical methods are used to present data in a concise and understandable manner and to estimate population characteristics.

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Statistical methods are commonly used in business to analyze data, identify trends and patterns, make predictions and projections, and estimate population characteristics with a certain degree of accuracy and confidence. They can help companies to make informed decisions, optimize processes and resources, minimize risks and uncertainties, and gain a competitive advantage in the marketplace.

In Business,statistical Methods Are Used to Present Data in a Concise