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In Banking:
Statistics play an important role in banking. The banks make use of statistics for a number of purposes. The banks work on the principle that all the people who deposit their money with the banks do not withdraw it at the same time. The bank earns profits out of these deposits by lending to others on interest. The bankers use statistical approaches based on probability to estimate the numbers of depositors and their claims for a certain day.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoI thought statistics is the science which is used for different fields like banking and loans etc.,
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What is the use of statistics in engeneering field?
application of statistics in engineering field
What is the importance of statistics to banking sector?
Banks take your money and invest it into the stock-market and there is a trillion different ways statistics are use to analyze stocks. Basically the banking industry would collapse without statistics, or if a bunch of stupid people were in charge of it.
Importance of statistics in the field of banking and finance?
In Banking:Statistics play an important role in banking. The banks make use of statistics for a number of purposes. The banks work on the principle that all the people who deposit their money withthe banks do not withdraw it at the same time. The bank earns profits out of these deposits by lending to others on interest. The bankers use statistical approaches based on probability to estimate the numbers of depositors and their claims for a certain day.
Importance of statistics in field of computer science?
There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
The application of probability and statistic in the field of information technology?
statistics is used in the various fields. for example: banking business physical sciences natural sciences marketing research computer science economics physics and many more
What is the use of statistics in engeneering field?
application of statistics in engineering field
What is the use of physics in banking sector?
Physics is used in the banking sector in various ways. The electronics used in the banking industry rely on physics and there is also the use of statistics which is part of physics as well.
What is the importance of statistics to banking sector?
Banks take your money and invest it into the stock-market and there is a trillion different ways statistics are use to analyze stocks. Basically the banking industry would collapse without statistics, or if a bunch of stupid people were in charge of it.
What are the uses of statistics in Banking Sector?
The statistical tools are used in banking sector for making a decision.How do a bank invest their money in capital market or for lending to their customer,they have to use statistics.It is also use in forcusting in the banking sector.
What are the importance of statistics to banking and finance?
In the field of banking and finance, statistic is a necessity. It needs the statistic to monitor and prepare the budget, formulation of policies, to prepare a report for the Board and regulatory authorities, and to monitor the performance of organization.
General field of statistics?
what are the general field of statistics?
Importance of statistics in the field of banking and finance?
In Banking:Statistics play an important role in banking. The banks make use of statistics for a number of purposes. The banks work on the principle that all the people who deposit their money withthe banks do not withdraw it at the same time. The bank earns profits out of these deposits by lending to others on interest. The bankers use statistical approaches based on probability to estimate the numbers of depositors and their claims for a certain day.
What is the importance of statistics in the field of economics?
importance of statistics in field of economics
What is the role of statistics in the banking and finance proffession?
check
Importance of statistics in field of computer science?
There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
Importance of statistics in the field of welding?
what are the importance of statistics to welding
Importance of statistics in commerce and business field?
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
