Basic Business Statistics Pdf. Statistics is essential for all business majors and this text helps students see the role statistics will play in their own careers by providing examples drawn from all functional areas of business. You will soon understand that statistics and probability work together.
Business statistics 7 therefore the process of collecting classifying presenting analyzing and interpreting the numerical facts comparable for some predetermined purpose are collectively known as statistics. He hopes that this intuitive approach helps students around the world. Collection of data is the basic activity of statistical science.
Included in this chapter are the basic ideas and words of probability and statistics.
This information may relate to objects subjects activities phenomena or regions of space. 1 6 importance of statistics in business 1 7 limitations of statistics 1 8 summary 1 9 self test questions 1 10 suggested readings 1 1 introduction for a layman statistics means numerical information expressed in quantitative terms. Included in this chapter are the basic ideas and words of probability and statistics. This information may relate to objects subjects activities phenomena or regions of space.
