Justification
Business Statistics allows graduates to develop analytical statistical mind and techniques required for decision making in manufacturing firms, banking, agriculture, accountancy, finance, teaching, management/consultancy, industrial research and development, computer support, computing ( including operational research ) , administration law. The degree enables graduates to think clearly and logically, and apply statistical tools to business situations.
Decision makers make better decisions when they use all available information in an effective and meaningful way. The primary role of Business Statistics is to provide decision makers with methods for obtaining and analyzing information to help them make these decisions. Managers encounter risks and uncertainties while running business enterprises and Business Statistics helps them to answer long-range planning questions, such as when and where to locate facilities to handle future sales.