0
1. Statistics and planning: Statistics in indispensable into planning in the modern age which is termed as "the age of planning". Almost all over the world the govt. are re-storing to planning for economic development.
2. Statistics and economics: Statistical data and techniques of statistical analysis have to immensely useful involving economical problem. Such as wages, price, time series analysis, demand analysis.
3. Statistics and business: Statistics is an irresponsible tool of production control. Business executive are relying more and more on statistical techniques for studying the much and desire of the valued customers.
4. Statistics and industry: In industry statistics is widely used inequality control. In production engineering to find out whether the product is confirming to the specifications or not. Statistical tools, such as inspection plan, control chart etc.
5. Statistics and mathematics: Statistics are intimately related recent advancements in statistical technique are the outcome of wide applications of mathematics.
6. Statistics and modern science: In medical science the statistical tools for collection, presentation and analysis of observed facts relating to causes and incidence of dieses and the result of application various drugs and medicine are of great importance.
7. Statistics, psychology and education: In education and physiology statistics has found wide application such as, determining or to determine the reliability and validity to a test, factor analysis etc.
8. Statistics and war: In war the theory of decision function can be a great assistance to the military and personal to plan "maximum destruction with minimum effort."
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the scope of statistics in accounting?
The scope of statistics in accounting is very broad and the two of them are correlated. Most of the accounting procedures will depend on statistics.
Why statistics considered science?
Statistics is considered to be a science due to its nature. There different scientific processes that are used in collecting, computing and analyzing data for statistics,.
What is the importance of statistics in the field of demographics?
Demographics is entirely statistical in nature. It could be defined as the study of the statistics that are related to the human population.
What is the Applications of statistics in banking and finance?
statistics has nothing to do with real banking but it has scope in research and development department as in every r & d sector it uses tables and graphs and measures of central tendency to show the real result or expected one etc.
Nature and scope of quantitative technique?
QT are mathematical & statistical methods used to analyze and interpret large amount of data in a systematical & objective manner. They play a crucial role in modern business decision making. The nature of Q.T in business tools that allow managers to optimize outcomes with limited resources.
Explain about Nature and scope of business statistics?
all fied is collect of data then needs of sytistics
Scope and limitations of statistics?
scope and lim;tation of statics
What is the scope of statistics in accounting?
The scope of statistics in accounting is very broad and the two of them are correlated. Most of the accounting procedures will depend on statistics.
What is Nature and scope of population geography?
nature and scope of population geography
What are the scope and nature of service?
nature and scope of guest room maintenance
What is the nature and scope of labor economics?
What is the nature and scope of Labour economics?
Explain Nature and scope of educational management?
what is the nature and scope of educational management
What is the Nature and Scope of Population Population Geography?
nature and scope of population geography
What is the nature and scope of philosophy of education?
Discuss the nature and scope of philosophy of education
What are the scope and nature of room service?
nature and scope of guest room maintenance
What is sociologynature and scope?
what is sociology: nature and scope?
What is nature and scope of merchant banking?
scope
