The use of statistical methods in the solution of business problems dates almost exclusively to the 20th century. Applications of statistics pervade virtually every area of activity in business and industry such as production, financial analysis, distribution analysis, market research, research and development, manpower, planning and accounting. The main focus of this text is to discuss various statistical techniques that are indispensable in analyzing and solving business problems and hence the justification for the book to be called ‘Business Statistics’
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