Key Points Rounding is conditional, depending on the need for significant figures. Different contexts might lead to different ...

For example, in marketing, numbers can show sales patterns, but listening to customer opinions and reasons can tell you what they feel and why they buy, according to Tasker. Using both types of ...

For example, a survey conveying consumer preferences ranging from like to dislike would be considered ordinal data. Nonparametric statistics include nonparametric descriptive statistics ...

Said differently, scenario analysis allows managers to test strategic proposals—for example, whether or not to acquire a smaller competitor—and figure out how it will turn out under different ...