IB Business Management — Topic 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.

Sub-topics in Topic 6.7

6.7.1Measures of central tendency6.7.2Measures of dispersion6.7.3Using statistics in business decisions

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