answer of discuss the utility of statistics to state the industrialist and social worker
Answers
Answer:
A defining business trend in the Digital Age has been the growth in the volume and the use of quantitative data. Increasingly, decisions once based on management intuition and experience now rely on empirical evidence drawn from statistical data. As the volume of data sets grow larger, the term "big data" has now become entrenched in businesses worldwide, large and small. Statistical evidence can inform business leaders about how their companies perform, the effectiveness of their business operations and information about their customers.
Concept Introduction:-
Statistics is a topic that covers every aspect of learning from the given data.
Explanation:-
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Industrial Statistics is concerned with maintaining and improving the quality of goods and services. It involves a broad range of statistical tools but maintaining and improving quality involves an overall approach to the management of industrial processes that transcends the use of these specific tools. Statistics in Social Work guide students through concepts and procedures from descriptive statistics and correlation to hypothesis testing and inferential statistics. Besides presenting key concepts, it focuses on real-world examples that students will encounter in a social work practice.
Final Answer:-
The correct answer is Industrial Statistics is concerned with maintaining and improving the quality of goods and services.
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