2006-11-01 21:24:15 · 3 answers · asked by amir s 1 in Business & Finance ➔ Other - Business & Finance
Statistics is the science of collecting, organizing, and interpreting data whether it is numerical or non-numerical. In other words, statistics helps us measure our business processes leading to higher order of manageability. It is used in areas like decision making, risk analysis, project management, quality management, six sigma and business process management.
You may get some basic information at http://www.discover6sigma.org/cat/statistics/ and http://en.wikipedia.org/wiki/Statistics
2006-11-05 15:45:09 · answer #1 · answered by sks 5 · 0⤊ 0⤋
well, in statistics there are wide no.of applications. Choosing a particular statistical tool depends upon the usage. Ofcourse u can use statistics in risk management, fluctuations in the business and a lot more
2006-11-02 07:04:38 · answer #2 · answered by nimmaraju 1 · 0⤊ 0⤋
it reveals the trend and patterns, thus assisting decision making.
2006-11-02 08:44:22 · answer #3 · answered by cvrk3 4 · 0⤊ 0⤋