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In Order to Attract Customers Who Are Blue-Collar Workers,Prisly Inc

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In order to attract customers who are blue-collar workers,Prisly Inc.,a laundry detergent manufacturer,introduced a liquid detergent that easily removes tough stains.Soon after,the management noticed that there was a significant drop in the sales of its detergent powder as the company's loyal customers,who previously purchased the detergent powder,started purchasing the more effective liquid detergent.As a result,Prisly Inc.was forced to reduce production of its detergent powder.In this scenario,it is evident that Prisly Inc.has adopted a(n) _____.

Describe the process of data collection, organization, and summary through descriptive statistics.
Explain the process and importance of drawing inferences from sample data about a larger population.
Understand how statistics facilitates decision-making and problem-solving.
Recognize the significance of practicing statistics to enhance learning and application skills.

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