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What are the importance of statistics in business organization?

Updated: 4/28/2022

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∙ 12y ago

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plays vital role in classification and analyses of data

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Discuss the importance of descriptive statistics in business organisations?

Discuss the importance of descriptive statistics

Importance of statistics in commerce and business field?

statistics had a great role in the business and commerce field . it also had agreat role in the field of research.

What are basic uses and importance of statistics?

importance of basic statistics

Importance of statistics in trade and commerce?

importance of statistics in trade

What is the importance of statistics in our lives?

appraise the importance of statistics to human activities

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Discuss the importance of descriptive statistics in business organisations?

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Importance of statistics in commerce and business field?

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Statistics help managers understand trends that affect their business. With statistics, managers can justify making changes to policies and strategies.

What is the importance of statistics in the field of business economics?

This is about as stupid a question as asking "What is the importance of electricity to a light bulb". Or "What is the importance of numbers and markings on a ruler?"

Importance of statistics in science?

what is the importance of statistics?

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