What is the importance of statistics in the field of Business Administration?
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It all depends what field of BA you are looking at, so here are a few\nFinance-Most equations used in a finance class are actually statistical models that are simplyed to one case, as you get into the higher finance classes you will see more statistical models (any equation in statistics is referred to as a model) (anytime you are talking about a mean(average), deviations, see any equation that includes a sum (large sigma), you are using statistics, if your teacher says it's easier to just teach you the calculotor vs showing you the equations it's statistics), now unless you are doing analysis you will never have to see an equation\nManagment: Dealing with people is largely a psychological process, and when you talk about large groups of people and how you are dealing with them, the principle came from a study, and for a study to be accepted in psychology it must include statistical analysis, now will you even learn the processes for this class, no.\nAccounting: I never went into higher level accounting so I can't answer this, however I strongly doubt the use of statistics.\nMarketing,P/R: When you are talking demographics, that is statistics, it is impossible to do a marketing campaign without knowing your audience, and the process of analyzing your audience is a statistical process.\nI may have missed a field, however those are the base ones as I see it.  Do you have to know statistics, yes, do you need a statistics class that's also used for math students, no.
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It can be both. If you do a Bachelor of Management Science, there will be many more econometric and statistical elements to it. If you do a Bachelor of Arts in Management or a Bachelor of Management it's actually considered to be more of a Commercial discipline than an Artistic one. In it's simplest form where more emphasis is placed on case studies and the practical application of theories rather than the physical derision of those theories or study of where those theories are derived from, it would be considered less of a Science.
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Use something involving statistics and probability, or something that deals with percentage values. That's what alot of psychology is centered on, the thesis and facts are based off of. You need to use an example of what would be the ratio of students who are business majors, compared to the number who are education and psychology majors. Use figures with business being the most, education being next, and psychology being last. Like you could say, at a fictional college 150 students are business majors, 85 are education, and 46 are psychology, etc. That's a suggestion.
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Wikipedia reveals all.\n\nThe third link lists online statistics textbooks.  The Statistics Homepage is especially good.
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There are many depending on the area of business....\n\nStatistical analysis\nInventory analysis\ntransportation systems analysis\nnetwork flow\nCritical path - PERT\nJob shop sequencing\nand many more...
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Hi! I'm a statistician and I use http://www.statsoft.com as well as cheap textbooks from Half Priced Books in my area. Both seem to help. If you have a specific question, feel free to email me. Don't know how much good I'll be because I use fancy software for my analysis, but I'll try.
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I would go with computing business coz this major will give you skills in computer and business administration and Management.  You need to realise the increasing intensity of competition with global markets has created an environmental where management is now seen as a crucial factor of competitive advantage.  The role of management is moving towards strategy not only in the implementation but also in the formulation.  But technology is not changing on a daily basis.  So in order to survive the employment sector, you will need skills in computer and business.
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General study skills. Excellent essay writing and case study knowledge. There is a little biology involved.\nThere is alot of dealing with data, so maths, particularly statistics, is pretty important
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Everywhere. Statistics as a science is, generally speaking, the art of using samples to estimate the truth about the whole. SInce we are always trying to figure out answers about the world, predicting the future and understanding the past - like weather patterns, human behavior, lottery results, health outcomes etc... we use statistics. \n\nFor example: if we want to know how popular the president is we can do the following:\n1. Ask everyone in the US what they think of the president.\n2. Take a sample of people and use their answer as a "good guess" regarding how the rest of the people would have answered.\n\nOption 1 would take wayyyyyy too long. Option 2, if executed properly, could get a pretty close guess as to the % of people who liked/didn't like the president. SInce we are never 100$ sure about our guesses in statistics, we always have a margin of error (in surveys they say + or - 3% for instance. That's because the answer is based on a statistical guess, not every person in the US answering).
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It's the same thing.  You're studying business theory either way.  Business is a broad topic and tends to be broken down into further areas of concentration or majors...such as Finance, Accounting, Economics, Marketing, Strategy, Operations, etc.\n\nFor example, I have an MBA (Masters in Business Administration) but chose Marketing and Strategy as my areas of focus.
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Statistics is applicable in every field of science which involves the data analysis.\nIf You wanna know the reliability of a medicine to patient, statistics can predict the results in some level of confidence.\nThe pills and medicines to stop pregnancy is tested in this way.
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Engineering Statistics is based on the fact that everything can be explained as either part of a larger population or it is not.\nIf it is part of the population, the hypothesis test is true. If it is not part of the population the hypothesis is false and there must be an assignable cause.\n\nEngineering is always looking for inprovement. Using stats helps to explain variables and interactions affecting the outcome of an event.\n\nThere are other tools to accomplish this task, i.e. Run Charts, Scatter Diagrams, Taguchi Experiments, Design of Experiments, XbarR, Value Mapping ect.\n\nRead up on Deming, Joiner, Juran\n\nLook at the following Gurus list:
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Statistics can be manipulated to prove or disprove anything you want.  If you want to trust them, you will have to trust whatever entity put them together or look at the same type of statistics from several reliable sources.
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In general, there isn't much use unless your job requires it. Some jobs today, usually having to do with computers, need Algebra. I read an article in a business magazine that said some of the higher level computer-based jobs need the higher level math and Algebra was listed.\n\nThe problem is, if your brain doesn't work that way, and creative people usually use the other side of their brain, Algebra drives them nuts. They are better suited for Statistics.
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All MBA's are expected to have some level of understanding in Finance.  Also, finance is important in almost all businesses and trade.  I recommend taking a lot of finance classes.
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I would check with the college, and ask them they will have the statistics you want. \n\ngood luck it sounds like an incredible job.
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I'll ignore the spelling errors as the other answerers have done a brilliant job of emphasising the importance of which.\n\nFor the Business Newspaper articles I write, I have found these subjects helpful:\nBusiness Management\nEnglish\nMaths\nModern Studies\n\nHope that helps.