Report on Statistics of Management

Added on - 05 Jun 2020

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Statistics of management
Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................1A) I:Observation changes in gross annual earnings of both male and female............................1ii): Differentiate between earnings of female and male.............................................................3TASK 2............................................................................................................................................5PART A.......................................................................................................................................5I: Use of Ogive to estimate the median of earning......................................................................5ii): Calculation of mean and standard deviation.........................................................................7b:.................................................................................................................................................9PART B.......................................................................................................................................9TASK 3..........................................................................................................................................12a) Total number of deliveries in year........................................................................................13b) Calculation of Number of bottles involved in each delivery................................................13c) Economic order quantity.......................................................................................................13d) Changes and suggestions......................................................................................................13TASK 4..........................................................................................................................................14a) Communication of findings with the use of line chart..........................................................14b) Representation with the use of ogives..................................................................................15CONCLUSION..............................................................................................................................16REFERENCES..............................................................................................................................18
INTRODUCTIONStatistic is the study of statistical decision making in the face of uncertainty, it is used toin many ways such as financial analysis, auditing, manufacturing process and other operationalactivities which are performed by the company (Dey, MüIler and Sinha, 2012). Under thisproject report, various process which are to be performed which includes data collection,analysis and evaluation by using various charts and graphs. All the information collected underthis are used in order to take effective decision to attain it business objectives. However, certaintechniques are adopted by the company to analyse the results so that positive outcomes can bedrawn. At last, necessary recommendation is provided by taking the help of collected data charts.TASK1A) I:Observation changes in gross annual earnings of both male and femaleTotal gross earning of male:YearPublicsectorPrivate sectorsChanges2009306382736232762010312642700042642011313802723341472012318162770541112013325412820143402014328782844244362015336852888148042016340112967943321
12345678010002000300040005000600032764264414741114340443648044332Column chartChanges in Male annual earningsChanges2009,2010,2011,2012,2013,2014,2015,2016Total earning of Female:YearPublicsectorPrivate sectorsChanges2009252241955156732010261131953265812011264701956569052012266362031363232013273382069866402014277052101766882015279002140364972016280532225158022
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