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 with the 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.
application of statistics in engineering field
Banks take your money and invest it into the stock-market and there is a trillion different ways statistics are use to analyze stocks. Basically the banking industry would collapse without statistics, or if a bunch of stupid people were in charge of it.
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.
There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
statistics is used in the various fields. for example: banking business physical sciences natural sciences marketing research computer science economics physics and many more
application of statistics in engineering field
Banks take your money and invest it into the stock-market and there is a trillion different ways statistics are use to analyze stocks. Basically the banking industry would collapse without statistics, or if a bunch of stupid people were in charge of it.
The statistical tools are used in banking sector for making a decision.How do a bank invest their money in capital market or for lending to their customer,they have to use statistics.It is also use in forcusting in the banking sector.
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 are the general field of statistics?
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.
importance of statistics in field of economics
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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 to welding
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
Banking regulation act