HomeIB Business ManagementTopic 6.7

Descriptive statistics

Topic 6.7 covers the use of descriptive statistics in business decision-making, including measures of central tendency (mean, median, mode) and measures of dispersion (range, standard deviation). Students learn to interpret statistical data and apply it to business contexts.

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IB Business Management · Topic 6.7

Sub-topics in Topic 6.7

6.7.1Mean, median, mode and charts6.7.2Quartiles and standard deviation6.7.3Using statistics in business decisions