What does business statistics mean?
Definitions for business statistics
busi·ness sta·tis·tics
This dictionary definitions page includes all the possible meanings, example usage and translations of the word business statistics.
Wikipedia
Business statistics
"Business statistics is the science of good decision making in the face of uncertainty and is used in many disciplines such as econometrics, auditing and production and operations, including services improvement and marketing research".These sources feature regular repetitive publication of series of data. This makes the topic of time series especially important for business statistics. It is also a branch of applied statistics working mostly on data collected as a by-product of doing business or by government agencies. It provides knowledge and skills to interpret and use statistical techniques in a variety of business applications. A typical business statistics course is intended for business majors, and covers statistical study, descriptive statistics (collection, description, analysis, and summary of data), probability, and the binomial and normal distributions, test of hypotheses and confidence intervals, linear regression, and correlation.
Numerology
Chaldean Numerology
The numerical value of business statistics in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of business statistics in Pythagorean Numerology is: 4
Translations for business statistics
From our Multilingual Translation Dictionary
- व्यावसायिक आंकड़ेHindi
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"business statistics." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/business+statistics>.
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