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By: Albert Frank | 2010-12-17 | College Statistics in Business is the Science of Decision Making In The Face Of Uncertainty. Therefore a prior knowledge and expertise in Statistics will make the future managers of a Corporation more scientific and analytical in approach. The various disciplines in which statistics is applied would be in financial analysis, econometrics, auditing, production and operations including services improvement and marketing research. read more
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By: Monica Gupta | 2011-08-10 | Learning Methods and Theories The normal distribution is one which appears in a variety of statistical applications. One reason for this is the central limit theorem. This theorem tells us that sums of random variables are approximately normally distributed if the number of observations is large. read more
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