Statistical analysis is often used to investigate theories by different forms of data collection in which management can determine a solution.  By collecting data, researchers can use methods of quantitative, qualitative, mixed, or action research.  These methods are each different from one another and each provide a specific purpose in the role of the investigation.  This also opens new discoveries based on certain areas...

The food and drug industry is one of the most widely known industries to utilize a inventory management system, specifically a fix quantity system.  A fixed quantity system is where is where inventory is ordered on the same amount, for whenever needed.  These type os systems need advanced amounts of technology to update and receive data on how much is need and when it is needed.  Computers and wireless technology are usually...