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Areas in businesses where statistics are used?
1.Agriculture: studies on the method for increasing the yields of crops. 2.Business: predict sales volumes and consumer reactions to new products 3.Industry: in quality control 4.sociology: comparative studies of different socioeconomics and cultural groups.
What are some examples of statistics to predict?
When polls are taken, they tend to predict the outcome of political elections.
How do you make a sentence with the word statistics?
In school today we learned about statistics. Knowledge of statistics and probability can help one predict future events.
What is the application of statistics in technology?
There are a few applications of statistics in technology. It can be used to determine, analyze, research, and predict items like efficiency and performance.
Which branch of statistics would employ probability to predict how many miles one should be able to drive a 2000 Toyota celica during its lifetime?
inferential statistics
Can you predict crime?
Individual crime in itself is a random act, however one can pretty well predict the incidence of a crime occurring in particular areas based on past statistics.
What is the application of statistics in business management?
Statistics is used in Business Management to tell the trend of the sale of certain goods and services. It is used to predict the various factors that affect trade.
What do scientists predict that polymer products will increase the use of?
Nuclear energy
What is the importance of statistics in sociology?
The importance of statistics in sociology are that they give a person tangible evidence to support theories. This evidence is then used to spot trends and predict the social development of many populated areas.
How can one predict products in chemistry?
In chemistry, predicting products involves understanding the types of reactions and the properties of the substances involved. By applying knowledge of reaction types, chemical properties, and balancing equations, one can predict the products that will form during a chemical reaction.
What are the application of linear equation?
They are used in statistics to predict things all the time. It is called linear regression.
How can government officials use the crime statistics data from the 1970's to predict crime twenty years later?
they can't
