The Aim Of Learning Of Business Statistics
Learning BB108 Business Statistics can help a businessman do forecasting for planning and help those to make a decision on a certain hypotheses create. In Statistics, we will extract meaningful information from piles of raw data and make an inference about nature of a population based on observations of a sample taken from that population.
In a simple Statistics we are doing estimation on the population based on the sample taken. Statistics can helps use do a prediction on the rates of occurrence of random events; which we called this as probability occurrence on the distribution. The main purpose of Statistics is to understand and be able to interpret statistical calculations performed by others. Uses of statistics in Business are everywhere; such as Market Research, Quality Control, Product Planning, Forecasting, Yearly reports, Personnel Management and etc.
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|Target State: New South Wales|
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Last Update : 11 February 2019
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|Item Owner : john Hang Kock|
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