In the organizational world, many specialized quantitative techniques are used to solve business problems within topics such as operations research, statistics, and computer methods. Quantitative techniques involve the examination of measureable and verifiable data within a defined value system, such as revenue, wages, market share, and so on. Statistics and statistical analysis within business administration involve the ways in which organizational problems are expressed in mathematical terms, including topics such as linear programming, project scheduling, transportation problems, and waiting line models. Overall, quantitative methods of statistical analysis involve the use of mathematical models to find answers to business problems.
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