Statistics

Application of Statistics in Business

What is Statistics ?

What are the Business Statistics?

• Past Performance

• Predict Future Business practices

• Lead organizations Effectively

• Use of data in Decision Making

Uses of Statistics

in various segments

Banking Sector

• Interest Rate

• Recovery

• Formalisation of new policy

• Disbursement

• Recovery

Statistics in Medical

• Body temperature

• Blood Presssure

• World Population

• Health Moitoring

Statistics in Sports

• Scoring

• Run Rate

Statistics in Manufacturing

• Product identification

• Product Analysis

• Marketing of product

Statistics in Education

• Gender

• Cast

• Category

• Student Analysis

Statistics in Forecasting

• Prediction

• Weather report

Statistics in Economics

• GDP

• per capital income

• Employee Survey

• Cost/ Benefit Analysis

• Unemployment data

• Financial Analysis

Statistics in Governance

• Employment

• Earning

• Population

• Tourism

• Budget calculation

Others

• Agriculture

• Technology

• Research

• Market Analysis

Poll

Statics gives you better result

• Yes

• No

Multiple Choice

statistics deals with

• Information

• Data

• Technology

• paper

Open Ended

How you use statics in your Life