I need an Essay for Statistics
1
IMPORTANCE OF STATISTICS TO A BUSINESS MANAGER
BUSINESS STATISTICS PAPER 1
TOPIC: Discuss Why Statistics Are Important To A Business Manager?
Sibel Kayapinar
Washington University Of Virginia
The word “statistics” comes from Latin word “statista” which is known “states man”or “politican” in
history. It was used by rulers and kings as a method to understand their current situation and develop
strategies. In 17th Century “statistics” used as a principle of understanding political science for a
long time. Beginning of 19th Century William S Gosset developed the methods for decision making based
on small sets of data.1 After William S Gosset statistics continued to develope gradually. Althought there are
two types of statistics methods (old statistics and modern statistics) old statistics is using as a part of modern
statistics.
SOURCES/ REFERENCES
1 E-MathZone – History of Statistics; Read more: https://www.emathzone.com/tutorials/basic-statistics/history-of-statistics.html#ixzz5PISKHUx5
SIBEL KAYAPINAR BUS201ME