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Varied applications. A few are: 1. Which group of customers are more valuable (profitable) to the business 2. How vary the business results are from the average 4. Predict the business future using statistics based on the assumptions

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Q: What are the applications of statistics in business?
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What is the application statistics in business?

Statistics help managers make decisions. They use statistics when it comes to production and hiring employees. Statistics are everywhere in the business world.


What are applications of mathematics and statistics in geography?

Population studies is one area which requires mathematics and statistics.


What are application of statistics in education?

There are many applications of statistics in education. Statistics are used to better prepare students for the real world and testing for example.


What are statistical packages of lotus and Excel used in research?

Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.Lotus 123 and Microsoft Excel are electronic spreadsheet applications. Both can be used for doing statistics because spreadsheets are for numerical analysis and manipulation.


What is descrit data in business statistics?

in business, what is an excellent example of usiness statistical data?

Related questions

Apllication of statistics in business?

Statistics is applied in business in a number of ways. Some of these applications include: financial analysis, auditing, planning and econometrics.


What has the author Ya-lun Chou written?

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


Specific applications of statistics in business?

Businesses use statistics in order to learn about their customers. Managers measure customer satisfaction by using statistics. They can then use this information to improve their current position.


What has the author Richard Cook Clelland written?

Richard Cook Clelland has written: 'Basic statistics with business applications'


What are the applications of statistics in education?

There are many applications of statistics in education. Statistics are used to better prepare students for the real world and testing for example.


What are the Applications of statistics?

taxonomy field


What has the author Richard C Clelland written?

Richard C. Clelland has written: 'Basic statistics with business applications [by] Richard C. Clelland, John S. deCani [and] Francis E. Brown' -- subject(s): Statistics


What is the application statistics in business?

Statistics help managers make decisions. They use statistics when it comes to production and hiring employees. Statistics are everywhere in the business world.


Where can you find mobile business applications?

Business websites online have a lot of information on mobile business applications. For more information on mobile business applications, visit: www.abiresearch.com/.../1003376-Mobile+Business+Applications+a...


Do most schools require Business students to take a statistics course in Virginia?

Most all business curriculum's require statistics; Sometimes referred to business statistics, or business statistical analysis.


What are applications of mathematics and statistics in geography?

Population studies is one area which requires mathematics and statistics.


What are the applications of statistics in marketing?

Marketers use statistics to determine how to market their products. With statistics, they can determine who is more likely to purchase their goods.