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Statistical Projections

The kind of problem that is laid out before us is a typical one in the world of business and is thus (at least to some extent) amenable to statistical analysis. Given that statistics is designed to deal with the unknown, and that much of what goes into a good business is being able to make contingency plans to compensate for unknowns, statistical analysis can often meet the needs of business owners.

The question at hand here is the time and therefore the expense involved in painting a room.

The room is eight feet by ten feet by eight feet. This results in a room that is 640 square feet. In fact, it is somew


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Statistical Projections. (1969, December 31). In Retrieved 14:56, August 29, 2015, from