Why Study Statistics? Decision Makers Use Statistics To: Present and describe business data and information properly Draw conclusions about large populations,using information collected from samples Make reliable forecasts about a business activity Improve business processes:like six-sigma Data Information Decision Statistics for Managers Using Microsoft Excel Chap 1-15 Why Study Statistics? Decision Makers Use Statistics To:  Present and describe business data and information properly information properly  Draw conclusions about large populations, using information collected from samples information collected from samples  Make reliable forecasts about a business activity  Improve b i lik i bus iness processes: like s ix-s igm a Data Information Decision Statistics for Managers Using Microsoft Excel Chap 1-15