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Report On Statistics - Mean, Median & Mode

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Added on  2020-02-05

Report On Statistics - Mean, Median & Mode

   Added on 2020-02-05

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BUSINESS DECISION MAKING
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Report On Statistics - Mean, Median & Mode_2
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INTRODUCTIONStatistics is the one of the main discipline that is used to make decisions in respect tobusiness problems. In the current report on available data tools like mean, median and mode areapplied. The results of these tools are interpreted in systematic way. In middle part of the report,charting of data is done and comments are made on same. Along with this, network diagram isalso prepared and critical path is identified. At end of the report, project evaluation techniquesare applied on the project and best alternative is selected for the firm.TASK 11.1 Plan for collection of primary and secondary dataIn order to do anything specific approach is followed by each and every business firm orresearch scholar. Commonly first of all secondary data is collected by the researcher. Aftercollection of secondary data same is analyzed in the systematic way. This help researcher inidentifying the direction in which he needs to work in order to conduct primary research in theright direction. Specific tool is used to analyze data and on the basis of results of analysisspecific theory is formed. In the present research also first of all secondary data will be collectedby the research. In this regard sources of secondary data that are usually used by scholars will beused (Zhang and et.al., 2010). Books and journals will be reviewed in order to develop broadunderstanding about the market of the product Amistar. After collection of secondary dataprimary data will be gathered by the researcher. In this regard questionnaire will be prepared anddistributed among the respondents. The total number of respondents in the present research willbe 50 people that are working in the agriculture sector. There is big difference between both sortsof data whether it is secondary or primary. Secondary data is related to past time period. Hence,by using secondary data good understanding can be developed about past conditions. On otherhand, primary data is collected because by using same recent changes that happened insurrounding environment can be easily identified by an individual. In the present research bothtype of data will be collected which will help researcher in understanding past and presentconditions.ParticularsDateCollection of secondary data20 to 22 November 2016
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