This paper examines selected statistical tools of correlation, regression analysis, t-test, Chi-square and analysis of variance (ANOVA) and their areas of relevance to business decisions. The method of research adopted is exploratory. In search for solution to the advocated research questions, near live examples were given and solved using both the stated statistical formula and computer SPSS. The study found out that, each of the selected statistical tools has very unique importance to the business decisions and they are recommended for use as aid to decision to accountants, financial analysts, business managers, investors and business owners.
Key words: Selected statistical techniques, accounting and business decision aids.
Copyright © 2020 Author(s) retain the copyright of this article.
This article is published under the terms of the Creative Commons Attribution License 4.0