Startistics stands merely for business data.Is it true or false
Answers
Answer:
false
Explanation:
Because statistics is in mathematics
Answer:
True, Statistics stands merely for business data.
Explanation:
Here, the statement is true.
Statistics stands merely for business data because:
Business Statistics enables a business: Deal with hesitance by indicating seasonal, cyclic, and general economic changes. Helps in Sound Decision making by supplying precise estimations regarding costs, demand, prices, sales, etc. Helps in business planning based on sound projections and hypotheses.
Entire statistics are data, but entire data are not statistics. This exists because there can be two kinds of data - qualitative and quantitative. Statistics still deals with data, but only with quantitative data which contains figures and numbers.
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