answersLogoWhite

0


Best Answer

Statistics help businesses determine the best approach to attracting customers. Managers study Demographics and learn how to market their products to customers.

User Avatar

Wiki User

βˆ™ 10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How statistics is useful in business management?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Role of statistics in business management and administration?

Yes


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.


How do you use descriptive statistics in business management?

Stan nyoko


What has the author David Ray Anderson written?

David Ray Anderson has written: 'An introduction to management science' -- subject(s): Linear programming, Management, Management science, Mathematical models, Operations research 'Modern business statistics with Microsoft Excel' -- subject(s): Commercial statistics, Microsoft Excel (Computer file) 'Statistics for business and economics' -- subject(s): Statistical methods, Methodology, Economics, Statistics, Commercial statistics 'Modern business statistics with Microsoft Office Excel' -- subject(s): Commercial statistics, Microsoft Excel (Computer file) 'Essentials of statistics for business and economics' -- subject(s): Statistical methods, Problems, exercises, Statistics, Economics, Social sciences, Commercial statistics 'Essentials of statistics for business and economics' 'Essentials of modern business statistics with Microsoft Excel' -- subject(s): Commercial statistics, Computer programs, Microsoft Excel (Computer file) 'Instructor's manual with solutions to accompany Quantitative methods for business' 'Statistics for business and economics' 'Quantitative methods for business' -- subject(s): Textbooks, Management science


What computer courses are useful for Bachelor of business management students?

Answer- Study of computer courses are useful for business management study. Internet marketing course can be most useful for bachelor of business management students because today almost every business give importance to promote their products and services via internet.


What is software management most useful for?

Software Management is useful in business and is usually handled by the information technology department to help make your business run more smoothly.


What has the author David F Groebner written?

David F. Groebner has written: 'Management science' -- subject(s): Management science 'Business statistics' -- subject(s): Commercial statistics, Statistical decision 'Essentials of business statistics' -- subject(s): Case studies, Commercial statistics, Statistical decision


What is the importance of statistics in management?

Statistics help managers understand trends that affect their business. With statistics, managers can justify making changes to policies and strategies.


How can management accounts be useful for decision making?

Because Management Account is useful for the future and may be use for any business currency.


What has the author Winston Rodgers written?

Winston Rodgers has written: 'Some useful statistical techniques for managers' -- subject(s): Management, Mathematical statistics 'An introduction to quantitative techniques' -- subject(s): Business mathematics, Industrial management, Mathematical models


What has the author Gerald Keller written?

Gerald Keller has written: 'Essentials of business statistics' -- subject(s): Commercial statistics 'Statistics, The Mbook' 'Student solutions manual for Statistics for management and economics' -- subject(s): Economics, Management, Problems, exercises, Problems, exercises, etc, Statistical methods 'Statistics with Management Science' 'Study guide for Statistics for management and economics' -- subject(s): Statistical methods, Study guides, Management, Economics 'Instructor's manual for Statistics laboratory manual'


What is the useful of counting statistics experiment?

Counting statistics experiments are useful in math. This is what helps with numbers.