Use of Statistics in Healthcare: Any healthcare’s big challenges are with data management and solutions to analytical problems. The study of consumption statistics enables us to have some idea about the purchasing capacity and living standard of the different classes of the people of the society by analyzing their consumption patterns. Origin and development of statistics in medical research O In 1929,a huge paper on application of statistics was published in physiology journal by Dunn. 7. It is the analysis, interpretation, preservation, and presentation of data. There is various application of statistics in economics. Applications of Statistics. According to Frederick J. Gravetter and Larry B. Wallnau, statistics "create order out of chaos" by summarizing and … An astounding 97% of organizations believe project management is critical to business performance and organizational success. Statistics with applications in Management (SwaM) This non-credit preparatory hands-on self-paced laboratory serves as a recommended skills & test center of selected on-campus and online programs and courses offered by BU MET Department of Administrative Sciences. Now statistics holds a central position in almost every field, including industry, commerce, trade, physics, chemistry, economics, mathematics, biology, botany, psychology, astronomy, etc., so the application of statistics is very wide. A business may buy hundreds of thousands of microchips, for example, so many that it would take years to inspect each one. Statistics and mathematics: Statistics are intimately related recent advancements in statistical technique are the outcome of wide applications of mathematics. Statistics are equally important to pharmaceutical and technology companies in developing product lines that meet the needs of the populations they serve. The journal is significant academic journals. The word ``statistics`` has various meanings, all of which are important to us. The role of statistics in business management is pivotal. Application of Statistics in Management. The collection of statistics is important in educational management as highlighted above as it enables one as a school manager to perform duties with precision using calculated guesses. 6. Statistical analyses allows you to track the ebb and flow of many important functions . (Source: PricewaterhouseCoopers) <
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