Statistics for Management InTRODUCTION 1 TASK 11
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Added on 2020-06-06
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Statistics for Management INTRODUCTION 1 TASK 11 a): Determination of earning of both men andwomenfromvarious organisation 1 b): Earning of men and women in private as well as public sectors3 C): Time earning chart 5 d): Growth rate 6 TASK 287000 |A8 2.1:Representation of data8 2.2 (I):Strength and weakness of using measure 9 |2014 2.2 (II): Measure of dispersion10 2.3 Preparation of report 11 Section B12 |2014 2.4 Line charts to determine
Statistics for Management InTRODUCTION 1 TASK 11
Added on 2020-06-06
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Statistics for Management
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1a): Determination of earning of both men and women from various organisation ...............1b): Earning of men and women in private as well as public sectors......................................3C): Time earning chart............................................................................................................5d): Growth rate.......................................................................................................................6TASK 2............................................................................................................................................8Section A................................................................................................................................82.1:Representation of data .....................................................................................................82.2 (I):Strength and weakness of using measure....................................................................92.2 (II): Measure of dispersion.............................................................................................102.3 Preparation of report.......................................................................................................11Section B..............................................................................................................................122.4 Line charts to determine relationship among age and weight........................................13TASK 3..........................................................................................................................................14Calculation: ..........................................................................................................................14TASK 4..........................................................................................................................................164.1: I) Bar chart.....................................................................................................................164.1:(II) Pie-chart...................................................................................................................174.2: Consideration of two average price of bedroom houses...............................................18CONCLUSION..............................................................................................................................19REFERENCES..............................................................................................................................20
INTRODUCTIONStatistics is a branch of numerical dealing with the collection, interpretation, analysis andsummarising of financial data. Under the process of statistic which consists of different steps thatis needed to be performed by an organisation. With the help of this information every outcomeswill be collected in order to attain business aims and objectives. It is important to have correctivedata by which positive results can be generated with the available resources. The primaryobjectives of these data is to reach out a solution which is essential for making company's toincrease their outcomes (Factor Analysis, 2017). The project report consists of different task thatexplains the nature and scope of numerical data from various sources. Several charts and graphsis being used to evaluated data. Analysis of different techniques for perfect analysis. Use ofqualitative and quantitative information is also discussed under this project report. Few effectivetools are also explained in order to reached at perfect solution.TASK 1a): Determination of earning of both men and women from various organisation Earning are the amount of gain that a company produce at particular period of time. It isbasically define as a quarter or annual. It has been seen in every organisation, that employees areperforming there work with the motive to earn maximum profit. In order to deliver their workthey get annual earning from the total earning generated by company during the year. Suchamount is earned at the end of financial year. Total gross income is the amount of fund anindividual or employees gain during the year of time. It is an total pay before accounting fortaxes or other essential deductions. At an organisational level, it is companies total revenue isdeducted out of COGS. It is more effective at the time of preparing an income tax return in anaccounting year. In identifying the total gross earning, the exact amount of income paid toemployees multiply it with hourly wages by total number of working hours in a weak (Curtis,Kim and Yalagandula, 2011). Gross annual earnings: Total sum of income generated in a financial year. It is theamount of cash an individual earns in an accounting year. The mention earnings of men in bothpublic and private sectors is tested by making proper hypothesis on the earnings of men andwomen.1
For MaleYearPublic sectorPrivate sectorsChanges 20093063800027362000327600020103126400027000000426400020113138000027233000414700020123181600027705000411100020133254100028201000434000020143287800028442000443600020153368500028881000480400020163401100029679000433200012345678010000002000000300000040000005000000600000032760004264000414700041110004340000443600048040004332000Bar chartsAnnual earnings of maleChanges From the above information about total earning of men during coming years is shownthrough using bar chart. After preparing, it has been found that they are getting sufficient amountof earnings in every year. The company whether public or private they are providing themeffective amount as a gross earning in every time. It has been seen that in 2015, the earning washigher than usually they getting. The overall results is effective enough in accordances with menearnings. The mean earning is collected from 1000 respondents as a research outcomes.2
For FemaleYearPublic sectorPrivate sectorsChanges 2009252240001955100056730002010261130001953200065810002011264700001956500069050002012266360002031300063230002013273380002069800066400002014277050002101700066880002015279000002140300064970002016280530002225100058020001234567801000000200000030000004000000500000060000007000000800000056730006581000690500063230006640000668800064970005802000column chartGross annual earnings of womenChanges According to the above chart, it has been showing gross total earnings of women duringvarious years. The result is more effect as compare to men is taken into consideration by using1000 respondents as total sample size (Hickman and Reaves, 2012). From stating times they aregetting timely earning with maximum advantages. The earnings of women is more as compare tomen. They are receiving more facilities those are provided by public and private company's inorder to increase there profitability as well as efficiency.b): Earning of men and women in private as well as public sectorsAccording to the information provided under the case, it has been found that earningcollected from public sector organisation is determine by testing hypothesis. Similarly, in case of3
women in the private sectors they are receiving earnings are examine through using effectiveresearch with the help of charts.For Public sectorYearmalefemaleDifference200930638000252240005414000201031264000261130005151000201131380000264700004910000201231816000266360005180000201332541000273380005203000201432878000277050005173000201533685000279000005785000201634011000280530005958000123456780100000020000003000000400000050000006000000700000054140005151000491000051800005203000517300057850005958000Line chartEarnings of men and women from public sectorDifferenceLinear (Difference)From the above line chart, it has been seen that x-axis consists of years and on y-axisconsists of earnings which is received by men and women from public sectors organisation. Theoutcomes are showing increasing growth in the earning of both men and women. The straightline represented because of determine exact ups and down in the earning of both. The publiccompany is targeting to increase there operations by making extra amount so that early resultscan be generated.4
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