Economy, asked by tsukhari9612, 6 months ago

explain the scope of statistics in business

Answers

Answered by subhaswini09

Explanation:

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.

Answered by nandlalbhagat0201198

Answer:

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.

Explanation:

Scope of Statistics:

Statistics is indispensable in this modern age aptly termed as "the age of planning". ... Statistical data and techniques of statistical analysis are immensely useful in solving economical problems such as wages, price, time series analysis, demand analysis

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explain the scope of statistics in business​

Answers

Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation and presentation of data. It provides tools for predicting and forecasting the economic activities. It is useful for an academician, government, business etc.

Scope of Statistics:

Statistics is indispensable in this modern age aptly termed as "the age of planning". ... Statistical data and techniques of statistical analysis are immensely useful in solving economical problems such as wages, price, time series analysis, demand analysis

explain the scope of statistics in business