Description
(Discussion Board)An understanding of statistics is necessary in any job. The use of statistics can help provide answers to many questions. Please, post a question you think that statistics may help you answer and explain why statistics can help provide an accurate answer. Read several of your classmates' postings. Do you agree that statistics are necessary to answer their questions? Is their question one that you would also like to have an answer to? Why or why not?
Explanation & Answer
Attached.
Running head: STATISTICS IN ECONOMICS
Statistics in Economics
Name
Institution
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STATISTICS IN ECONOMICS
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Statistics in Economics
Understanding statistics is a crucial aspect of everyday life and it helps us to be more
informed about different occurrences. One question I would like answered is the impact of
COVID-19 on the United States economy and I believe statistics can help answer this question
properly. The question is driven by the enduring circumstances whereby many people have
become jobless, many industries slowed or closed down, and businesses have almost come to an
a...