Explain the use of averages in statistics.

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Quantitative Techniques for Business Analysis
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• Quantitative Techniques for Business Analysis
•  
• Q1.If statistics are important to us in our
  individual lives, how much more important must
  they be in the industry and in government, where
  enormous projects have to be undertaken,
  affecting the interests of great companies and
  entire nations. Explain.
• Q2.What are the advantages and disadvantages of
  primary and secondary data? Explain.
• Q3.Give an account of rules to be followed for
  collection of data? Give examples.
• Q4.Explain the use of averages in statistics.
• Q5.What is a probability? Explain.
• Q6.Explain the rules of probability.

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