1) Business:
Statistics play an important role in business. A successful businessman must be very quick and accurate in decision making. He knows that what his customers wants, he should therefore, know what to produce and sell and in what quantities. Statistics helps businessman to plan production according to the taste of the costumers, the quality of the products can also be checked more efficiently by using statistical methods. So all the activities of the businessman based on statistical information. He can make correct decision about the location of business, marketing of the products, financial resources etc
The two main forms of statistics are qualitative (descriptive) statistics and quantitative (inferential or inductive) statistics.
what is the importance of statistics?
Statistics in medicine provide people the information to fully understand the usage of a particular treatment or drug. It also helps in monitoring and improving certain fields in medicine.
ai want to know the importance of statistics in nigeria
importance of computer system in the study of statistics
The two main forms of statistics are qualitative (descriptive) statistics and quantitative (inferential or inductive) statistics.
what is the importance of statistics?
importance of statistics for an economist
importance of basic statistics
importance of statistics in trade
what are the importance of statistics to welding
Statistics in medicine provide people the information to fully understand the usage of a particular treatment or drug. It also helps in monitoring and improving certain fields in medicine.
appraise the importance of statistics to human activities
importance of statistics in field of economics
ai want to know the importance of statistics in nigeria
Discuss the importance of descriptive statistics
importance of computer system in the study of statistics