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Why would a company need statistical consulting?
A company may need statistical consulting if they were wanting different information on services or products they provide to the public. Statistical consulting could help a company market their products by analyzing data on the usage of the products.
Need and utility of statistical quality control in industry?
Statistical quality control (SQC) is essential in industry as it helps ensure that products meet quality standards and specifications, thereby reducing defects and waste. By applying statistical methods to monitor and control production processes, SQC enables companies to identify variations and improve processes in real-time. This leads to increased efficiency, customer satisfaction, and cost savings. Overall, SQC contributes to maintaining competitiveness in the marketplace by promoting consistent quality and reliability in products and services.
What are the advantages and disadvantages of using a statistical model?
The importance of statistical modeling is obvious because we often need modelling for the purpose of prediction, to describe the phenomena and many procdures in statistics are based on assumption of a statistical model. Modeling is also important for statistical inference and make decision about population parameter. M. Yousaf Khan
What is the importance of statistics in the field of government agent?
sers with a research interest are universities, consultants and government agencies. They generally understand something about statistical methodology and want to dig deeper into the facts and the statistical observations; they have an analytical purpose in inventing or explaining interrelations of causes and effects of different phenomena. In this field, official statistics are also used to assess a government's policies.One common point for all these users is their need to be able to trust the official information. They need to be confident that the results published are authoritative and unbiased. Producers of official statistics must maintain a reputation of professionalism and independence.The statistical system must be free from interference that could influence decisions on the choice of sources, methods used for data collection, the selection of results to be released as official, and the timing and form of dissemination. Statistical business processes should be transparent and follow international standards of good practice.Statistical programs are decided on an annual or multi-annual basis by governments in many countries. They also provide a way to judge the performance of the statistical system.
What to do when a continuous probability is used to approximate a discrete probability distribution?
You may need to make a continuity correction - see statistical text books for details.
Why managers need to know economics?
Hi this is his role is to make sure the company makes profit
Why tomorrow managers need to know more than history managers?
ask cownine
What are important features of organizations that managers need to know about in order to build and use information systems successfully.?
What are important features of organizations that managers need to know about in order to build and use information systems successfully.?
Why do organizations need management accounting?
Organizations need management accounting so that managers can know how their departments are performing. Without managerial accounting, managers will be operating in the dark.
Why do library or information managers need to plans?
library or information managers needs to plans, so that they will know the step of planing on their services,
What do managers need to know about IS?
Managers must know how to coordinate people and other resources to achieve the organization's goals and objectives. The resources in total are, material, human, financial, and informational resources.
Which of these represent skills that managers need?
what skills do managers need
What do managers need to know about information systems?
Managers need to know that information systems are vital for decision-making, efficiency, and overall business success. They should understand how to leverage technology to streamline processes, analyze data effectively, and stay ahead of the competition. In short, managers need to embrace information systems like a long-lost lover if they want to thrive in today's digital age.
Why are managers more important than staffs?
Managers are not more important than staffs. They are equally important as managers would need the staffs to meet the objectives of the organizations and staffs need managers for guidance and coordination.
What has the author David J Schell written?
David J. Schell has written: 'What Environmental Managers Really Need to Know'
Why managers need to know what is contribution margin and the importance to their products?
By determining the CM a business will know what money it has remaining to go towards its fixed costs and profit.
What are the methods in determining the resultant?
nswer Scientists have recognised the need to know the initial conditions of substances being dated, and have devised methods to... more »
