Math, asked by harshitadhruw1452, 1 year ago

Explain the managerial application of statistics

Answers

Answered by Hanuman077
0
Providing a blend of traditional methodology and the latest research, Methods and Applications of Statistics in Business, Finance, andManagement Science is an excellent reference for researchers, managers, consultants, and students in the fields of business, managementscience, operations research, supply chain ...
Answered by praseethanerthethil
1

Answer:

Statistical research in business enables managers to analyze past performance, predict future business practices and lead organizations effectively. Statistics can describe markets, inform advertising, set prices and respond to changes in consumer demand.

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