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Accounting 2
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Statistical concepts are used in various aspects on industry. The following highlights the use of statistics in these industries: Accounting/Auditing, Insurance, and Medical (Pharmaceutical).In the accounting/auditing field, it is imperative that the auditor makes an effort to determine that financial statements are stated accurately and free of m ....
Middle of paper ....termine approval rates for clients, while providing coverage (life, medical, dental, etc.) and turning a profit.For example, an insurance company might use statistical concepts to determine the trend of a population. This statistical approach might be used to determine the likelihood of a population incurring extreme medical needs, birth rates, or .... |
Word count: 402 |
Page count: 2 |
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