Identify and describe a real-life, business application of statistics. Your report must include:
1) A description of the business context (e.g., manufacturing, marketing,
etc.) including the name of the company or organization.
2) A specific statement of the problem solved or the issue addressed using statistics.
3) A complete explanation of the procedure, including: how the data are collected, analysis (what statistical procedures are used, e.g., ANOVA, Chi-Square, t-tests), and the types of decisions made as a result of the analysis.
4) The rationale for using the selected statistical procedure for this situation.
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