STATISTICS IN BUSINESS

Statistics in Business

Statistics in Business

Statistics

The term statistics can be defined as a set of mathematical techniques that are used to organize, analyze, and interpret information that takes the form of numbers. Furthermore, statistics can also be termed as a science of extracting and categorizing a bundle of facts and figures as per their relative characteristics or numbers in order to enlighten specific standards reflected by the characteristics of group. Statistics refers not only to the calculation of quantities such as percentages and averages but also to the results. The percentages and averages extracted from statistical implication are often referred ...