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In Banking:
Statistics play an important role in banking. The banks make use of statistics for a number of purposes. The banks work on the principle that all the people who deposit their money withthe banks do not withdraw it at the same time. The bank earns profits out of these deposits by lending to others on interest. The bankers use statistical approaches based on probability to estimate the numbers of depositors and their claims for a certain day.
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Importance of statistics in field of computer science?
There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
What are the importance of statistics in the field of research?
Statistics are needed to analyze data and show which outcomes are significant.
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 importance of statistics in the field of health?
For example, if you are developing a drug, you try it out on test subjects. Statistics can help you figure out if the drug is effective in treating a condition or if the drug is dangerous.
What is the importance of statistics in the field of physics?
In the field of physics, statistics help people to identify various trends that point to a certain inference. Getting figures from different experiments and plotting a graph can show how each variable affects the other.
What are the importance of statistics to banking and finance?
In the field of banking and finance, statistic is a necessity. It needs the statistic to monitor and prepare the budget, formulation of policies, to prepare a report for the Board and regulatory authorities, and to monitor the performance of organization.
What is the importance of statistics in the field of economics?
importance of statistics in field of economics
Importance of statistics in the field of welding?
what are the importance of statistics to welding
Can you do PhD in a in University of Mumbai in the field of Commerce Accountancy Banking or Finance?
yes..under commerce there are optional subjects: banking & finance, accountancy ..
What is the importance of statistics in the field of entertainment?
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Importance of statistics in field of computer science?
There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
Importance of statistics in commerce and business field?
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
What is the importance of statistics in the field of insurance?
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What are the importance of statistics in the field of research?
Statistics are needed to analyze data and show which outcomes are significant.
What is the importance of studying statistics in mathematics?
Please give me a importance of study of statistics
What is the importance of statistics in the field of business economics?
This is about as stupid a question as asking "What is the importance of electricity to a light bulb". Or "What is the importance of numbers and markings on a ruler?"
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.
