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Explore the vital role of applied statistics in driving informed decisions across business analytics and economic data analysis. This field empowers professionals to interpret complex data, identify trends, and develop robust strategies using quantitative methods for effective statistical decision making.

This user-friendly guide provides a comprehensive introduction to detection theory, breaking down its fundamental principles and practical applications. Designed for anyone seeking to understand how to analyze decision-making under uncertainty, it explains key concepts like signal detection, false alarms, and hits, enabling users to confidently apply this powerful statistical framework in various fields from psychology to engineering.