Post
Experience Project iOS Android Apps | Download EP for your Mobile Device
Franciokii Franciokii 22-25, F 5 Answers Jan 3, 2011

Your Response

Cancel

The importance of statistics to industry and business is often reflected in the use of various marketing research techniques. Companies use marketing research agencies to conduct quantitative research with consumers for new and existing products. Models can then be developed from the data to derive potential trial, usage and success of these products.

Best Answer

That is not a QUESTION!!

Best Answer

Have you taken Operations Management yet? One thing you will learn is called Statistical Process Control (SPC), which is a statistical technique used to determine whether a process is meeting standards. This requires having some knowledge of statistics. With this process you will evaluate x-bar, R-bar, and p-charts. Probability also comes into use when figuring out Reorder-Points (ROP) and Safety Stock during inventory management. These are just a few examples.

Best Answer

still doing your homework ,hun

Best Answer

Related Questions