Businesses rely heavily on statistics to determine consumer trends and calculate important economic data. The data that is collected and the information derived from that data is useful in planning an advertising strategy based on Demographics and geographies, and internal statistical data guides the business on how they should allocate their resources to insure the greatest profit margin.
Discuss the importance of descriptive statistics
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
plays vital role in classification and analyses of data
importance of statistics in trade
importance of basic statistics
Discuss the importance of descriptive statistics
statistics had a great role in the business and commerce field . it also had agreat role in the field of research.
Write short note on the business
Statistics help managers understand trends that affect their business. With statistics, managers can justify making changes to policies and strategies.
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?"
plays vital role in classification and analyses of data
what is the importance of statistics?
what are the importance of statistics to welding
importance of statistics in trade
importance of basic statistics
importance of statistics in field of economics
appraise the importance of statistics to human activities