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...ar with how statistics are calculated, including how the mean, median and mode work together to create meaning from a set of numbers ... How Businesses Use Statistics | BOSS Magazine ... . The mean is an average of a set of numbers, the median is the middle number within a set of numbers and the mode is the most common number in a set. Statistics is a versatile discipline that has revolutionized the fields of business, engineering, medicine and pure sciences. This course is Part 1 of a 4-part series on Business Statistics, and is ideal for learners who wish to enroll in business programs ... How Businesses Use Statistics | BOSS Magazine ... . This course is Part 1 of a 4-part series on Business Statistics, and is ideal for learners who wish to enroll in business programs. Small Business Failure Statistics & the Biggest Small Business Challenges 21) 50% of small businesses survive for at least five years. (Fundera) Contrary to popular belief, failure rates are not quite as dire as they appear. Two-thirds of all businesses survive for at least two years, while around 33% survive over ten years. For Fehzan Ali, CEO and co-founder of the Austin digital marketing company Adscend Media, the role of statistics in business decision making is equally important. "We use statistics to measure the unique users who interact with our video streaming platform. We analyze views, engagement, retention and ultimately satisfaction," he explains. Research on small business and startups shows that there is huge potential for expansion. Those plans are on hold at most companies, however. Four out of five companies are one-person shops. Startup statistics show that 16.6% of small businesses have fewer than 10 employees and that only 2.2% have 10 to 19 people working for them. How Businesses Use Statistics. In a world that has become driven by data, it's no won...