Question

Please describe Types of statistics used for business

Please describe Types of statistics used for business

Homework Answers

Answer #1

statistics used for business in both descriptive and inferential methods. Descriptive statistics are used to describe a full set of numbers and summarize data. ... Whether you work in marketing, finance, logistics, operations etc......

This inferential statistics and descriptive statistics are used to improve and monitor over all buisness organizations...

Note-if there is any understanding problem regarding this please feel free to ask via comment box ..thank you

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
There are different types of measures of variability in business statistics. Discuss the purpose and importance...
There are different types of measures of variability in business statistics. Discuss the purpose and importance of measures of variability in statistical applications in business statistics. Why the study of variability is important in business statistics? Describe some commonly used measures of variability in your discussion.
These types of statistics are used to draw conclusions regarding the nature of effects in the...
These types of statistics are used to draw conclusions regarding the nature of effects in the population. a. Descriptive Statistics b. Parameter Statistics c. Inferential Statistics d. Hypothesis Statistics
Subject- Business Strategy. What are the strategical methods for business strategies and types ? please explain...
Subject- Business Strategy. What are the strategical methods for business strategies and types ? please explain in detail and with example
What are types of Information Systems? Please describe each one.
What are types of Information Systems? Please describe each one.
Please describe an external business transaction (e.g. are selling products to a customer, purchasing supplies from...
Please describe an external business transaction (e.g. are selling products to a customer, purchasing supplies from a vendor, paying salaries to an employee, and borrowing money from a bank). What are the different types of accounts a company uses? Elaborate with examples.
describe why percentage distributions are used in descriptive statistics and why are they more informative than...
describe why percentage distributions are used in descriptive statistics and why are they more informative than raw data
List an describe the types of teams most commonly used in your organization. Why?
List an describe the types of teams most commonly used in your organization. Why?
Describe how the Hall voltage measurements can be used to determine the charge carrier types?
Describe how the Hall voltage measurements can be used to determine the charge carrier types?
Provide three examples of terminology types used in health care technology and describe the value for...
Provide three examples of terminology types used in health care technology and describe the value for enhancing communication.
Please describes the four types of parenting? Differentiate among them? Describe how children of parents of...
Please describes the four types of parenting? Differentiate among them? Describe how children of parents of these types tend to become? Regarding to growth and development in infancy period. Please what are the indicators of hearing loss in infant? With reference to the answer