Why businessmen use statistics?
Business deals with numbers and with numbers comes risk. There are several reasons as to why a business can fail, but for sure there is no business that runs today without the count of numbers and without a risk-return calculation process. Some might call it financial analysis and other finance related terms, but one should carefully note that these financial terms and financial jargons all have a common backbone – statistics. Statistics gives all the means that are required to calculate the risk Read more [...]