1. Explain how do business use commercial statistics and what are the techniques of statistics use...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Explain how do business use commercial statistics and what are the techniques of statistics use in business? 2. What are the limitations of statistics in use? 1. Explain how do business use commercial statistics and what are the techniques of statistics use in business? 2. What are the limitations of statistics in use?
Expert Answer:
Answer rating: 100% (QA)
Statistical research in business enables managers to analyze past performance predict ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
What are the techniques for improving service productivity?
-
What are the techniques available to operations managers to deal with a bottleneck operation? Which of these does not decrease process cycle time?
-
How are current assets defined and what are the major items that may be included in current assets? How are current liabilities defined? Give three examples of such liabilities.
-
Hanley asks his assistant to collect details on those costs included in the $21,000 indirect-cost pool that can be traced to each individual job. After analysis, Wigan is able to reclassify $14,000...
-
Indiana Tri City Plaza Bowl (Tri City) leased a building from Charles H. Glueck for use as a bowling alley. The lease provided that Glueck was to provide adequate paved parking for the building. The...
-
Describe some ethical dilemmas sales professionals may encounter. How can sales compensation programs be modified to minimize ethical dilemmas?
-
Calculate the interquartile range for each of the following sets of data: a. \(3,6,7,12,15,17,23,28\) b. \(8,4,1,6,13,10,12,5\) c. \(3,8,14,11,16,7,14,15,11,9,12,6\) d....
-
Kallus Corp. is an industry leader in the manufacture of toys. Each year, its design staff comes up with new ideas that are a great success. As a result, Kalluss sales and profits consistently exceed...
-
One possible waste product of a nuclear reactor is the nuclide caesium-137 which decays to form a nuclide of barium (Ba). a) State the nuclear equation for this decay. b) State three quantities that...
-
A polling company reported that 27% of 2302 surveyed adults said that they play baseball. Complete parts (a) through (d) below. a. What is the exact value that is 27% of 2302? The exact value is...
-
Write a program that prints the calendar for a given year. The user will be promoted tochoose the calendar for the month or the year. If the year is selected, then the calendar for thegiven year will...
-
What is meant by cultural diversity in an organizational setting?
-
Comment on the outcome of research into cultural change and development.
-
Identify the approaches to management team development, and comment on the approach that has the greatest appeal to you.
-
Identify the features of your preferred model of change.
-
Describe Milgrams work on obedience to authority and suggest the most appropriate type of organization where social control is legitimate.
-
Make a balance sheet for the following data- One Time Start-Up Costs: Rent Deposit $4,000 Furniture & Fixtures $8,000 Equipment $6,000 Buildout/ Renovations $10,000 Decorating, Painting and...
-
What is the difference between direct materials and indirect materials?
-
Obtain the relation Eq. 5.26 between the pressure discontinuity and the doublet strength using dimensional analysis. Eq. 5.26 A = . - Poo
-
Obtain the amplitude distribution for the lifting pressure of an airfoil plunging simple harmonically with amplitude \(\bar{h}\).
-
The wing-tail interaction problem for \(\mathrm{k}=0.75\) and \(\mathrm{M}=0\) is shown in Fig. P5.15. For the simple harmonic plunging obtain the lift amplitude. Take 10 panels in spanwise direction...
Study smarter with the SolutionInn App