0
Discuss the utility of statistics as a managerial tool Also describe its limitations?
The limitation of any statistical application is the fact that it always depends on some sampling. If this sampling is incomplete, or not representative of your actual base (say customers), your data may not yield accurate conclusions.
Additionally, since it depends on sampling, your measurement is only applicable to a base that fits the profile of your sampling. For instance, if you took your sampling from Caucasian males over age 35, and it turns out your customer base has a large number of African, American females under 23, your conclusions based on the statistics could be imperfect.
Add your answer:
Earn +20 pts
Scope and limitations of statistics?
scope and lim;tation of statics
Discuss the importance of descriptive statistics in business organisations?
Discuss the importance of descriptive statistics
Different uses of statistics?
discuss the different day to day uses of statistics
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.
Why do you need to discuss two locations to describe the position of an object?
It is important to discuss two locations to describe the position of an object. The two locations helps us to best discuss the object.
Scope and limitations of statistics?
scope and lim;tation of statics
Discuss how the four managerial tasks relate to the various managerial levels and allocation of time?
Discuss how the four managerial tasks relate to the various managerial levels and allocation of time?
Discuss the importance of measuring variability for managerial decisions?
discuss the importance of measuring variability for managerial decision making
What are the difference between managerial and non managerial levels?
Discuss the difference between managerial and non managerial tasks?
Discuss the different managerial styles of your superiors and which of these styles do you feel comfortable with?
Discuss the different managerial styles of your superiors and which of these styles do you feel comfortable with and why?
Discuss the importance of descriptive statistics in business organisations?
Discuss the importance of descriptive statistics
What are the managerial dimension of each characteristics of research?
characteristics of a good research and discuss the managerial dimensions of each characteristic.
What is Managerial Meetings?
Managerial meetings are a gathering for managers within a business. They discuss topics related to the business. Some topics they might discuss include expenses, ideas to improve sales, and other things.
Is your college instructor a manager Discuss in terms of both Fayals Managerial Functions and Mintzberg Managerial Roles?
Yes Your college instructor is a manager,
Managerial planning seeks to achieve a coordinated structure of operations discuss?
Managerial planning seeks to achieve a coordinated structure of operations discusss
Different uses of statistics?
discuss the different day to day uses of statistics
What is a managerial meeting?
A meeting within a business or company where the managers meet to discuss operations and policies.
