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What applications do you think functions have for the business world Can functions be used to predict next year's profits or how much your company will grow?
Wiki User
∙ 15y ago
Sorry I cannot help you out, I am in the same class as you are and am reaching for answers too! Hang in there......
Wiki User
∙ 15y ago
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What are the applications of statistics in business?
Varied applications. A few are: 1. Which group of customers are more valuable (profitable) to the business 2. How vary the business results are from the average 4. Predict the business future using statistics based on the assumptions
How will managers use financial information to predict outcomes for business?
How will managers use financial information to predict outcomes for business?
What methods do economists use to predict business cycle?
SPENDING
What are the leading economic indicators supposed to predict?
business cycles
How can you use Excel to predict the future?
It has functions like Forecast and Trend, to enable you to predict what will happen based on past figures. So you could show how you expect your sales to grow in the future, for example. You can use trendlines on charts to help indicate this too. A big use for Excel is to plan ahead for a business, so using Excel's capabilities businesses are able to predict the future and adjust accordingly.
What is one of the functions of an artificial satellite?
artificialsatellites are used to predict the weather hope this helps Chris :)
What are the functions of a statistician?
To collect and collate data from unbiased sources in order to predict future trends.
Applications of health believe model?
The Health Belief Model is used in psychology to explain and predict the health behaviors of patients.
Describe the two important functions of generalization of science?
To help you grasp or understand a concept and predict future events
What does GDP tell economists about business cycles?
economists follow the country's GDP and other key statistics to predict business cycles.
3 What does GDP tell economists about business cycles?
Economists follow the country's GDP and other key statistics to predict business cycles
How does business management relate to mathematics?
You might need math to calculate the sales and profits and predict whether or not your business is going to thrive or fail.
