Complete Business Statistics

In today's world of cut-throat competition, successful management is distinguished from the rest by their judicious decisionmaking. Decision-making with business statistics has become a centre-stage issue in business and industry. It entails shifting the optimal course of action from among many alternatives available to the managers. This includes a comparative evaluation of various alternatives before arriving at the decision. Management has emerged as a science in view of the precision involved due to the plethora of facts and figures, with hidden information, which might form the intellectual basis for a meaningful decision. A manager can hardly succeed with his interpersonal skill alone; he must possess good technical skills as well. For this, he should have adequate knowledge of business statistics.