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Why manger use statistics?

Updated: 8/21/2019
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10y ago

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Managers use statistics to try and predict future events, look at how the business is doing and make decisions based on the statistics.

For example: Let's say you owned a resteraunt and had it open 7 days a week. If statistics show that Wednesdays aren't really a good day for customers, then you can reduce the hours which you are open and save money in the process.

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