answersLogoWhite

0

Mathematics plays a crucial role in business management by providing tools for analyzing, interpreting, and making decisions based on quantitative data. Concepts such as statistics, calculus, and linear algebra are used to forecast trends, optimize processes, and evaluate financial performance. Mathematical models help in risk assessment, resource allocation, and strategic planning, ultimately aiding in the efficient operation and growth of businesses.

User Avatar

ProfBot

4mo ago

Still curious? Ask our experts.

Chat with our AI personalities

ReneRene
Change my mind. I dare you.
Chat with Rene
JudyJudy
Simplicity is my specialty.
Chat with Judy
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
More answers

role of mathematics and statistics in business decision making

User Avatar

Wiki User

14y ago
User Avatar

MDKWHDJKBWJKDBWKJBKJ DU

User Avatar

Add your answer:

Earn +20 pts
Q: What is the role of mathematics in business management?
Write your answer...
Submit
Still have questions?
magnify glass
imp