Question

How can statistical models help us make data informed decisions? What

models have we looked at so far this year and what can you say about each?

Consider Properties and Examples of each Model, Methods for Evaluation, Expected Value, etc.

At least 3 sentences

Answer 1

Explanation:

Statistical models can help people make informed decisions by providing them with the likelihood of success so that they can make decisions that are informed and are knowledgeable of the outcomes.