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What is business statistics notes?
Business statistics is the application of statistics to analyze business data.
Companies use business stats for forecasting, testing correlations, and describing data.
A career in business statistics can be a good choice for people with strong math skills.What is Introduction to business statistics?
Business statistics refers to the use of different data analysis tools from statistics and applying those in a business setting.
There are two main types of statistics, descriptive statistics, and inferential statistics.
Descriptive statistics use all the numbers in a data set.Statistics is a branch of applied mathematics that involves the collection, description, analysis, and inference of conclusions from quantitative data.
The mathematical theories behind statistics rely heavily on differential and integral calculus, linear algebra, and probability theory.
What is statistics BBA 1st year?
Statistics is the study of the collection, analysis, interpretation, presentation, and organization of data.
In other words, it is a mathematical discipline to collect, summarize data.
Also, we can say that statistics is a branch of applied mathematics.
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AN INTRODUCTION TO BUSINESS STATISTICS
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