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How do business owners use math?

Updated: 9/15/2023
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11y ago

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to calculate how much money they make a day

When mathematics is applied to business, it will become a powerful tool. In the information age, the competitiveness of enterprises, scientific and technological innovation as well as the quality of products and services, deep level point of view, right decision making based Applied Mathematics.

For example, apply mathematical tools to extract and summarize the data to make right decision making, the data includes the financial, tax data, sales and marketing data, human resource data, etc.

For example, overcome the IT problems using mathematical models and calculations like R language, SQL statements, esProc scripts for complex data computing, and even Excel for daisy calculation, which are greatly helpful for a decision maker to know their convenience and importance for their business productivity.

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