Implementation of Statistics in Business and Industry
Abraham Bovas |
Abstract
Statisticians have devised many tools for application and these are available to be utilized for general business improvement and industrial problem solving. However, here is a wide gap between the available tools and what are practiced in business and industrial organizations. Thus it is important for statisticians to direct serious attention to bridging this gap if statistics is to be relevant in business and industry and to the society at large. In this paper we look at some ideas for implementation of statistical methods in business and industry.
Key words: Statistics in Business, Industrial Statistics, Statistical Methods
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