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Because statistics tell us what the presents trends are now or were that can be projected into future.
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How is statistics applied in management?
Statistics has huge application in business and these are used to help in taking managerial decisions by the managers. Moreover, there are many statistical formulas which make too much convenience in taking managerial decisions. They are also helpful in calculating GDP of a business or state.
Why are control groups used in statistical studies?
Because its the group for which the idependent variable is help constand in a statistical study.
What can statistical reasoning help us to generalize correctly from?
A Sample to a Population
What difference between Statistical Sampling and non statistical sampling?
an approach to sampling that has the characteristics of being randomly selected and the use of probability theory to evaluate sample results. Whereas non-statistical sampling is therefore any sampling approach that does not have both of the characteristicss of statistical sampling. I hope this will help....
What to do when somebody dies?
When someone dies there are many decisions and arrangements to make, all of which can be difficult in a time of grief. To help, we've put together this checklist to guide you through the process.
What utilizes qualitative and quantitative analysis procedures to help marketing managers make more informed decisions?
utilizes qualitative and quantitative analysis procedures to help marketing managers make more informed decisions.
How does chemistry help us in the real world?
It helps us make informed decisions.
How does understanding chemistry help us in real world?
It helps us make informed decisions.
How does biology affect society?
by studying biology you can make informed decisions on issues that impact you and our society. And if you know more about the environment you can help save it.
How can a knowledge of chemistry help you be a more informed citizen?
The knowledge of chemistry can help you become a more informed citizen from the use of chemical problem solving and a better understanding of the chemical environment and how it operates.
The practice of calling upon recognized experts to help government leaders at all levels make informed decisions regarding issues facing them is called?
caucus
What is the role of quantitative methods in actual business?
Quantitative methods, such as statistics, help managers make better decisions. Statistical information about customers can help managers determine whether they want to enter new markets or not.
What does SADD do?
The SADD National Office offers statistical information, materials, and educational programs to help fight destructive decisions faced by teenagers. Students Against Drunk Driving
Why should citizens be informed about current issues?
doing so ensures that their political representatives will address the issues important to voters
How information gives you competitive advantage?
Information gives you competitive advantage over others . For instance, this will help in making informed decisions in what to produce as a result of the demand information you may have.
How is statistics applied in management?
Statistics has huge application in business and these are used to help in taking managerial decisions by the managers. Moreover, there are many statistical formulas which make too much convenience in taking managerial decisions. They are also helpful in calculating GDP of a business or state.
Where can one find a house mortgage calculator?
The websites of most major financial institutions include detailed mortgage calculators. These are meant to help you make informed decisions when selecting a mortgage.
