Managers need an understanding of statistics to be able to present and describe information accurately, draw conclusions about large populations based on small samples, improve processes, and make reliable forecasts.

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Managers need to have a good understanding of statistics to perform various tasks effectively. Managers often deal with large amounts of data and need to be able to analyze and interpret it in order to make informed decisions. Understanding statistics is an important component of this process.

Managers Need an Understanding of Statistics to Be Able to Present