Doc Statistics for Management

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STATISTIC FORMANAGEMENT
Table of ContentsINTRODUCTION...................................................................................................1LO 1..........................................................................................................................1a) Determine if earning of men in public sector is different from women..................................1b) Determine if earning of men in private sector is different from women.................................2c) Earning time chart for each group for period 2009-2016........................................................3d) Determine annual growth rate in earning of four groups........................................................6LO 2..........................................................................................................................6LO 3..........................................................................................................................6LO 4..........................................................................................................................7CONCLUSION........................................................................................................7REFERENCES........................................................................................................8
INTRODUCTIONStatistic of management can also be termed as the business statistic. It refers to a processof science that deals with scrutinising of various data so that it could be used by the managers inthe financial analysis of the overall business (Anderson and et.al., 2017). The study providesinformation about the earnings of males and female employees in the private business sectoralong with articulation of earnings of all the leisure employees through ogive charts and otherstatistical methods. Further, the study also provides a brief comparison of the earnings of Londonand of Manchester region.LO 1a) Determine if earning of men in public sector is different from womenNull hypothesis: H0 : There is no difference in income of men and women in public sectorAlternative hypothesis: H1 : There is difference in income of men and women in public sector.Interpretation:From above table it can be analyzed that average income of men in public sectoris 32276 and women is 26929. Also, the variance is income of male is 1449962 and in women is977868. Besides this, it can be stated that significant value is less than 0.05 which means there isno relationship between income of men and women in public sector.1
b) Determine if earning of men in private sector is different from womenNull hypothesis: H0 : There is no difference in income of men and women in private sector.Alternative hypothesis: H1 : There is difference in earnings in income of men and women inprivate sectorInterpretation:From above table it can be analyzed that average income of men in public sectoris 28062 and women is 20541. Also, the variance is income of male is 840242 and in women is988729. Besides this, it can be stated that significant value is less than 0.05 which means there isno relationship between income of men and women in private sector.c) Earning time chart for each group for period 2009-2016Gross Annual earnings of men in Public and private sector2
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