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1.Outline what statistical analysis is and discuss four of the following (other) quantitative methods commonly used in decision making: Correlation calculations Long-term trend analyses Probability

1.Outline what statistical analysis isanddiscuss four of the following (other) quantitative methods commonly used in decision making:

Correlation calculations

Long-term trend analyses

Probability assessment

Regulation analyses

Short to medium-term trend analyses

Dynamic programming

Linear programming

Queuing theory

Simulation

Transportation methodology

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