QNT 275 Week 1 Participation The Role of Statistics in Business Decision-Making

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QNT 275 Week 1 Participation The Role of Statistics in Business Decision-Making
Watch the "The Role of Statistics in Business Decision-Making" video.

Consider the following as you watch:

Describe probability theory. 
Explain how sampling theory relates to probability theory.
Differentiate between a population and a sample.
Explain, based on the video, why statistics is important in decision-making.
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