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What is the importance of statistics to business?
usinesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning...
What information can statistics provide that may be helpful for business decision making?
it can provide passed business running data
What is the object of statistics?
to carry out research using quantitative methodology. To interpret relevant business statistics models. Use statistical data to make economic decitions.
3 ways of presenting data in statistics?
ways of presenting data in statistics
What is general statistics?
Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data.[1] Statisticians improve the quality of data with the design of experiments and survey sampling. Statistics also provides tools for prediction and forecasting using data and statistical models. Statistics is applicable to a wide variety of academic disciplines, including natural and social sciences, government, and business.^Based On Wikipedia...
