Statistics

I agree with the articles thesis. Statistics is important in almost every field, particularly in business. Before doing a business, I would rather to do experiments, collect and analyze data because the chance of failing would be narrow. For example, if someone wants to open a factory, he should collect some data. He needs to find out if the place where he establishes the factory in is supportive or not. Let’s say he is going to open alcoholic factory, in that case the owner should open that factory in a place where a large amount of people drink alcohol so that he can make a good profit out of his business. So in my opinion collecting data and analyzing them is the best way to succeed in doing business.