Course image Business Statistics FIN 2015- 2016
Non category
Business statistics is the science of good decision making in the face of uncertainty
and is used in many disciplines such as financial analysis, econometrics,
auditing, production and operations including services improvement, and
marketing research.
Since statistics deals with aggregates of facts, it cannot be used to study the changes that have taken place in individual cases. For example, the wages earned by a single industry worker at any time, taken by it, is not a statistical datum. But the wages of workers of that industry can be used statistically. The module of Business Statistics is thought in Level Two BBA; Level Two BCOM and in Level Three OAM.