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Discuss briefly the importance/role of statistics in any business related research problems. What are the two necessary elements for a research study to be an

  1. Discuss briefly the importance/role of statistics in any business related research problems.
  2. What are the two necessary elements for a research study to be an experiment? Characterize each one of them.
  3. What is a theory? How do a theory help in addressing the gap/s in knowledge in any research undertaking?

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