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statistical methods are the kind of tools to extract knowledge from data and provide managers with more confidence in dealing with uncertainty in spite of the flood of available data.

Q: What is the importance of statistical methods in business?

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Important of business mathematics Business math helps improve statistical formula. It formulates term of currency exchange between a country. Business math creates awareness.

What is the impact factor of Journal of modern Applied Statistical Methods

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Statistics play an important role in economics. Economics largely depends upon statistics. National income accounts are multipurpose indicators for the economists and administrators. Statistical methods are used for preparation of these accounts. In economics research statistical methods are used for collecting and analysis the data and testing hypothesis. The relationship between supply and demands is studies by statistical methods, the imports and exports, the inflation rate, the per capita income are the problems which require good knowledge of statistics.

Unfortunately,there is no importance ot statistical quality control in weight variation test of capsule.

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because there are projects that include statistical methods.

Statistical Methods for Research Workers was created in 1925.

Important of business mathematics Business math helps improve statistical formula. It formulates term of currency exchange between a country. Business math creates awareness.

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Journal of Modern Applied Statistical Methods was created in 2002.

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What is the impact factor of Journal of modern Applied Statistical Methods

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