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Statistical for management in the public and private sector

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Added on  2020-06-06

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In return of their work, they are getting few annual earnings after the net profit a firm get during the year.This is the money which is earned annually (Curtis and et.

Statistical for management in the public and private sector

   Added on 2020-06-06

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Statistic for management
Statistical for management in the public and private sector_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Gross annual earnings in the public and private sector:.....................................................12. Difference between male and female gross annual income for public sector:...................3TASK 2............................................................................................................................................51..............................................................................................................................................5A). Analyse raw firm by implementing statistical tools:........................................................5B). Comparison of two outcomes:..........................................................................................82........................................................................................................................................................9a). Scatter diagram and floor and weekly turnover area:........................................................9b). Equation on scatter line:..................................................................................................11c) Calculation of total turnover.............................................................................................13d). Correlation coefficient:...................................................................................................14e).Statistical validity:............................................................................................................14TASK 3..........................................................................................................................................15Statistical methods used in business planning:.....................................................................15TASK 4..........................................................................................................................................16Communicating finding though using charts and tables:...............................................16CONCLUSION..............................................................................................................................20REFERENCES..............................................................................................................................21
Statistical for management in the public and private sector_2
INTRODUCTIONStatistics plays a crucial role for business decision making. Under a competitive marketenvironment, a firm cannot survive merely by framing decisions based on hypothesis (Andersonand et. al., 2014). There is a need to make accurate data that will assist for assessing the positiveconclusions from the available resources. This project consists of various task explaining variouscharts and graphs related with the annual earning of male and females. Various factors which areused in analysing the collected data. On the basis of various charts necessary recommendationare provided under this project report.TASK 11. Gross annual earnings in the public and private sector:Each employee is striving hard to attain firms individual and group goals. In return oftheir work, they are getting few annual earnings after the net profit a firm get during the year.This is the money which is earned annually (Curtis and et. al., 2011). Gross annual income refersto the amount of fund which an individual or employee gets in one financial year from wholeconcerned resources before any taxes levied on it. While making any income tax return at thetime of accounting period, the gross annual income total is taken as the base amount with whichto run.For assessing the whole gross annual salary, there is a need to assess the appropriateamount of pay, multiply it with the hourly wages by the total number of hours an employee isworking in a week and thereafter, multiply it with 52 (Curtis, Kim and Yalagandula, 2011). Thiswill come out as the annual gross income and after that it divide it by 12 to identify monthly paywhich they are getting.Gross annual earnings for male and female is identified. Which are as follows:Male Gross annual earnings:YearPublic sectorPrivate sectorsChanges 2009306382736232762010312642700042642011313802723341472012318162770541112013325412820143402014328782844244362015336852888148041
Statistical for management in the public and private sector_3
201634011296794332From the above mentioned table and the chart, this has been analysed that the malechanges in 2009 from public to private sector was 3275 which was increased to 4264 in 2010years. In 2011 and 2012, changes were decreased to 4147 and 4111 respectively. While, in 2013,2014, and 2015 changes has increased to 4340, 4436 and 4804. while in 2016, changes has beendecreased to 4332. YearPublic sectorPrivate sectorsChanges 2009252241955156732010261131953265812011264701956569052012266362031363232013273382069866402014277052101766882015279002140364972016280532225158022
Statistical for management in the public and private sector_4
From the above mentioned table and graph, this has been observed that the female inpublic and private sector has been changed and this has been interpreted here. In 2009, this hasbeen seen that 5673 was the difference between female in public and private sector, which hasincreased to 6581 in 2010, 6905 in 2011 which reflects the great positive sign. While in 2012,changes between public and private is stick to 6323. which has increased to 6640 in 2013 and6680 in 2014. while in 2015, this has been decreased to 6497 and in 2016, change was restrictto 5802 which was less than the last year data. 2. Difference between male and female gross annual income for public sector:YearPublicsectorfor malePublicsectorsforfemaleDifference200930638252245586220103126426113573772011313802647057850201231816266365845220133254127338598792014328782770560583201533685279006158520163401128053620643
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2. The difference among male and female gross annual earning for private sectorYearPrivatesector formalePrivatesectors forfemaleDifference 200927362195514691320102700019532465322011272331956546798201227705203134801820132820120698488992014284422101749459201528881214035028420162967922251519304
Statistical for management in the public and private sector_6

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