A Comprehensive Guide to Business Statistics In 2024
Business / by kalai vani / 42 views
Business statistics refers to using a different data tool from statistics and its use in a business setting. There are two types of business statistics used.
One is descriptive statistics and two are inferential statistics. Descriptive statistics are used to describe a class of data points and inferential statistics are used to analyze a data set.
Generally, Businesses use these to know their profitability and understand how much they need to invest in diversifying revenue.
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