Business statistics

May 20th, 2015
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Texas A & M University
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Statistics are used by all industries and businesses as a regulated unit of measurement for present data in a useful and meaningful format. Statistics can be used to measure historical performance and to estimate future targets.

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Business statisticsis the science of good decision making in the face of uncertainty and is used in many disciplines such asfinancial analysis,econometrics,auditing, production and operations including services improvement, and marketing research.Statistics are used by all industries and businesses as a regulated unit of measurement for present data in a useful and meaningful format. Statistics can be used to measure historical performance and to estimate future targets. For business managers and leaders, statistics provide approaching into how business units are performing relative to an

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