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What information can statistics provide that may be helpful for business decision making?
Wiki User
∙ 12y ago
it can provide passed business running data
Wiki User
∙ 12y ago
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Which is the result when the benefits of a decision are greater than the opportunity cost of that decision?
It would be helpful to know what the decision is to know what the benefits and opportunity of the decision are. It is important to include this information.
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.
How descriptive and inferential statistics are being used in that particular articles?
The answer depends on what THAT PARTICULAR refers to. And since you have not bothered to share that critical bit of information it is not possible to give a more helpful answer.
Why is simple interest useful for planning parts of your financial future?
This is a more accurate way to figure out how much you will be paying for a decision. The price will go up in the long run to including this information is helpful.
How do business owners use math?
to calculate how much money they make a day When mathematics is applied to business, it will become a powerful tool. In the information age, the competitiveness of enterprises, scientific and technological innovation as well as the quality of products and services, deep level point of view, right decision making based Applied Mathematics. For example, apply mathematical tools to extract and summarize the data to make right decision making, the data includes the financial, tax data, sales and marketing data, human resource data, etc. For example, overcome the IT problems using mathematical models and calculations like R language, SQL statements, esProc scripts for complex data computing, and even Excel for daisy calculation, which are greatly helpful for a decision maker to know their convenience and importance for their business productivity.
Which is the result when the benefits of a decision are greater than the opportunity cost of that decision?
It would be helpful to know what the decision is to know what the benefits and opportunity of the decision are. It is important to include this information.
What is key in successful decision making?
A key to successful decision making is information gathering. With accurate and helpful information, one is in a better position to make correct decisions.
What's the best place to check for job reorts and similar statistics related to our economy?
The bureau of labor statistics is a very helpful website full of statistics. I have also found that the business section of the Huffington post has a lot of data.
How do you check on your business on Sim's 2?
probably by going to your business and then click the information thing in the right corner of your screen.. then you can see all the information of your business.. hope this was helpful
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.
What is the MIS?
An information system that integrates data from all the departments it serves and provides operations and management with the information they require and helpful in decision making.
How blogs are helpful in life?
Blogs are helpful in the sense that it can help give people necessary information. It can be used also for business purposes.
Where can I find information on business loans?
Actually there are several options in order to get a business loan. Some examples include: a "classical" bank loan, a loan with a government guarantee or Community Investment Funds.
How Management Information System is helpful for a company?
All of the information generated by a business on a day to day basis can be stored by a computer database and be used by the company Management Information System program to identify how well or how badly the business is doing
Why have this information on packaging?
The useful information should be printed on packaging boxes because it is very helpful for customers to take buying decision. After purchasing the product, information about its usage and handling is very important and helpful for consumer. If it is the edible stuff or medicine packaging box, then the information printed on box gets more important.
Where can I get information about corporate business credit cards?
Your bank should be able to offer you a business credit card. It is a credit card that can be used for business expenses. Companies do not need one but they are helpful to have.
Where can I get some information on starting a small business?
If you are starting a business make sure you have a plan on everything you want to do. If you go to this site www.sba.gov/category/navigation.../starting-managing-business they have information on want you should know to start a business. There is also apps that are very helpful for this too.
