This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In what ways can statistics be useful in today's business ... (Read 52 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 24, 2018
In what ways can statistics be useful in today's business environment?

Question 2

What was the primary use of statistics in ancient times?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 24, 2018
Answer to Question 1

Statistics can be used to describe information, to analyze data, to reach conclusions, and to make decisions in all facets of business today.

Answer to Question 2

In ancient times, statistics was mainly employed for counting people or possessions to facilitate taxation.


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Private Practice Massage Therapy Business Plan Cont Private Practice Massage Therapy Business Plan Cont
Teaching Today's Health, 10th Edition Teaching Today's Health, 10th Edition
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Astronomy Today, 8/E Astronomy Today, 8/E
Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition Business Intelligence, Analytics, and Data Science: A Managerial Perspective, 4th Edition
Business Math Question Solution Business Math Question Solution
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library