Role of Statistics in Decision Making

by Sarah Carey Consultant

A business of any type these days is difficult to operate due to the complex undertaking. Moreover, along with the day-to-day responsibilities, the company has to engage in some long-term planning, developing new products and services, streamline production and delivery and locating new customers along with the existing clients. If one decides to run a shop with only instincts, then it is not possible to manage the shop and aim for its growth. Therefore, statistics are very important in the case of business and decision-making process as it provides the managers with more confidence in dealing with uncertainty instead of the collection of data. Statistics also enable the managers to make smarter decisions more quickly and provide more stable leadership to staff relying on the managers. In Online Statistics Homework Help, it is explained in details that statistical analysis of a representative group of consumers can easily provide a reasonably accurate and a cost-efficient figure of a market with faster and smarter statistics.


The statistics also provide better leadership with an unbiased outlook of the market and also avoid building a strategy on unconfirmed presuppositions. The information based on statistics provides informed and educated decisions. Statistics also help in reducing the uncertainty and guesswork which is associated with the decision – making which in turn affects the life. The use of tools of statistics like the t-test in decision - making is rather satisfying and adds advantages in many circumstances. Besides this, the rigorous analysis of statistical data provides information.


Importance of Nursing as a Subject:


Nursing is a subject which deals with the healthcare sector which is focused on the care of individuals, family, and communities. It aims to attain, maintain and recover optimal health and quality of life. Or in other words, we can say that nursing ensures the quality of care for all while maintaining their credentials, code of ethics, competencies, and standards along with their education. Moreover, in Nursing Assignment Help Online, it is explained that nursing is a very noble and selfless profession whose main concern is to aid others. The subject of nursing is very exciting and can be studied anywhere. The subject offers training in complex medical care out of which some are not dependant on any tangible equipment. Nursing as a subject allows the nurses to work in schools, clinics, private homes and assisted living facilities.


The subject of nursing teaches a person how to take care of an individual, how to administer medication, how to educate a family, etc. It also teaches how to attain the leadership position along with soft skills, teamwork, excellent communications, critical thinking, decision–making and problem – solving skills. These are very important requirements for being a nurse. The subject of nursing teaches a person to be emotionally strong or mature. It also teaches to prioritize the time, apply what has been taught and what the person has learned. Apart from these, it also teaches not to be afraid of working in a healthcare unit, to be passionate about improving one’s health, etc.


About the author:

Sarah Carey is an author of this article who writes about the importance of Online Statistics Homework Help. She has also written about Nursing Assignment Help Online.

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About Sarah Carey Advanced   Consultant

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Joined APSense since, December 8th, 2017, From Plano, Texas, United States.

Created on Jul 16th 2018 02:01. Viewed 621 times.


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