1. How do you feel that descriptive statistics, probability concepts, and normal distribution concepts can be used by managers to make better business decisions? How does your organization use these statistics concepts as it conducts business research and makes decisions?

2. Does all data have a mean, median, or mode? Why or why not? When is the mean the best measure of central tendency? When is the median the best measure of central tendency?

3. What are the requirements (or characteristics) for the binomial and Poisson? Under what conditions will the binomial and the Poisson distributions give roughly the same results? Show with an example.

Need 300 words for first question and 100 words for question 2 and 3.

Thank you,

Godzilla1965