You can apply statistics when examining efficiency, performance, or making prediction. This certainly has application within IT.
statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.
role of mathematics and statistics in business decision making
Statistics can be defined as the collection of , analysing of, and interpreting of data for the purpose of making useful decision. The major role of statistics in the society is that it presents data in a precise and simple form.
it can provide passed business running data
cenus investigation sampling analysis of past trends
census investigation sampling analysis of past trends
Sidney J. Armore has written: 'Elementary statistics and decision making' -- subject(s): Statistical decision, Statistics 'Statistics' -- subject(s): Statistics
You can apply statistics when examining efficiency, performance, or making prediction. This certainly has application within IT.
Morris Hamburg has written: 'Basic statistics' -- subject(s): Statistics 'Statistical analysis for decision making' -- subject(s): Statistics, Statistical decision, Statistical methods, Social sciences 'Solutions manual for 'basic statistics''
Where can you find a solutions manual for MIS Cases Decision Making with Application Software 4th edition?
statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.
R. C. Gulezian has written: 'Statistics for decision making' -- subject(s): Commercial statistics, Social sciences, Statistical methods, Statistics
Ya-lun Chou has written: 'Probability and statistics for decision making' -- subject(s): Probabilities, Statistical decision, Statistics 'Applied business and economic statistics' -- subject(s): Statistics 'Statistical analysis, with business and economic applications' -- subject(s): Statistics 'Modern business statistics' -- subject(s): Commercial statistics, Economics, Statistical methods, Statistics
specifis application of statistics to economics or business
The answer will depend on the consequences of making the wrong decision based on the statistics.
role of mathematics and statistics in business decision making