One of the ways these companies seek to achieve this is by collecting quantitative data and various sampling methods to help them find intuitive ways to solve the problems they encounter or do what. they would do better. There are several ways to collect meaningful data, using both descriptive and inferential statistical methods. For example, in a business setting, descriptive statistics may show an upward trend in profits, but if you look at inferential statistics from customer satisfaction surveys, we may see a decline. This would lead you to say that profits will decline unless a solution is found.