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Statistics of something is when you have keep track of what is going on with the growth of a company of organization and how much revenue is getting generated and how much is company using in the market.
So, keeping the track of all these things comes under Statistics and when we use Statistics in managing and keeping track of a business revenue and growth of the company then that is Business Statistics.
"Business statistics is the science of good decision making in the face of uncertainty and is used in many disciplines such as production and operations, including services improvement and marketing research".
Statistic is a great deal of dedication and Hard-work.
A student must be doing Smart and hard work at the same time because Business statistics is the combination of Statistics and business and as it is the combination of two different fields. That is why it is a bit difficult to manage the Business Statistics work and assignments at the same time.
As discussed above that the field of Business Statistics is combination of two different fields which makes it a bit difficult for many of the students to manage to work properly with this field. And as this is the combination of two different field that is why it has many different parts.
This subject is designed in such a way that it helps every students to develop the ability to analyze the business and statistics of a company.
As discussed earlier that in the field of Business statistics is has many different topics which get together to make it a complete subject and the Major topics of those are given below.
1. Introduction to Business Statistics
2. Probability and Probability Distribution
3. Estimation and Hypothesis
4. Business Forecasting
5. Visualization and Data Analytics
Some of the topics of Business statistics subject are easy which students can manage to work on their own but many of the topics of this subject are so much difficult that students are unable to work on such topics and would surely use some help from their seniors, professors or can get help from Business statistics assignment help online.
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