answersLogoWhite

0

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

User Avatar

Wiki User

17y ago

Still curious? Ask our experts.

Chat with our AI personalities

BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: What are the applications of statistics in business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Math & Arithmetic

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?