Role of Statistics and Mathematics in Business science ?

Question

michele_laino · Answer

I think statistics is used in order to make prediction about a certain phenomenon. For example Economy needs of statistic so that economists can advice to politicians in order to perform best politics to improve a future of a nation

michele_laino · Answer

@kade_sonix

uri · Answer

Statistics is basically ART.

michele_laino · Answer

@uri  maybe you are right! even if what you call art, is a science justified only by the necessity of the human beings to survive. Thanks for your reply!

anonymous · Answer

Oh.... Ahh... How am I supposed to make a 10 pages assignment out of that? Any Idea? -_-'

uri · Answer

You need to do some research and write out points and that's how.

anonymous · Answer

Ah.. I hate assignments... ==

anonymous · Answer

assalamualikum eijaz :)

anonymous · Answer

Oh.. Wa Alaikum As Salaam. ^_^

anonymous · Answer

r u sure about that topic eijaz.

anonymous · Answer

I am pretty sure If you ask me sister. I bet you did some search but couldnt find it, right?

anonymous · Answer

actualy i knw about the modern role of Statistics .

anonymous · Answer

You... seriously ?

anonymous · Answer

yeh  brother :)
i am seriously.

anonymous · Answer

So, do u know the answer?

anonymous · Answer

yeh i knw :)

uri · Answer

So sister what are you waiting for? Tell him then...xD @shereenkhan

anonymous · Answer

In some ways, statistics has finally achieved the Enlightenment aspiration to create a logic of uncertainty. Statistical tools are at work in almost every area of life, including agriculture, business, engineering, medicine, law, regulation, and social policy, as well as in the physical, biological, and social sciences and even in parts of the academic humanities.

anonymous · Answer

The replacement of human “computers” with mechanical and then electronic ones in the 20th century greatly lightened the immense burdens of calculation that statistical analysis once required. Statistical tests are used to assess whether observed results, such as increased harvests where fertilizer is applied, or improved earnings where early childhood education is provided, give reasonable assurance of causation, rather than merely random fluctuations. Following World War II, these significance levels virtually came to define an acceptable result in some of the sciences and also in policy applications.