Economy, asked by Niteshkoul200, 8 months ago

why knowledge of statistics can help in decreasing consumption, production and distribution ​

Answers

Answered by srishtiaggarwal1303
1

Answer:

Statistics play an important role in business. A successful businessman must be very quick and accurate in decision making. ... Statistics helps businessman to plan production according to the taste of the costumers, the quality of the products can also be checked more efficiently by using statistical methods.

Explanation:

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