business stats 1

for this discussion, pick one concept we have discussed this week.  Explain a business scenario where you can see this statistical tool being used.   
For example, we discussed scatterplots this week.  A business scenario where scatterplots might be used would be where a clothing store tracks revenue against how many cashiers are open.  The purpose would be to see if having more cashiers open always led to the store making more revenue (since presumably, people have to wait less to check out).  
Guidelines:
Write at least 3 sentences.
Write formally and don’t use first person

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