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Statistics for Management - Docx

   

Added on  2020-12-09

13 Pages2863 Words486 Views
STATISTICSFORMANAGEMENT

Table of ContentsEXECUTIVE SUMMARY.............................................................................................................3INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Evaluating the nature and purpose of the NANDO'S and economical data/ information 1P2 Evaluation of the data from a variety of sources using different methods of analysation 2Fig.1. Hypothesis analysis..........................5M1 Evaluating the methods of the analysation used to present the business and economicdata/ information....................................................................................................................5D1 Examining the differences in implementation between methods of descriptive,exploratory and confirmatory analysis of business and economic data ................................6Deductive and Inductive approach.........................................................................................6Sample sets of data.................................................................................................................6CONCLUSION................................................................................................................................9REFERENCES .............................................................................................................................10

EXECUTIVE SUMMARYThis report summarises as the nature and process of business and economic informationfrom a range of different published source. Apart from this, data evaluation has also beenexplained in this report with help of various methods of analysis. As difference in applicationmethods of descriptive, exploratory and confirmatory analysis of business and economic data hasbeen explained.

INTRODUCTIONStatistical analysis is a component of data analytics which includes collecting andscrutinizing every data sample in a set of items from which sample can be drawn. These data arevery helpful for the business and its manager as it is helpful in process of decision making. Themain characteristics of statistical data is that they are raw in nature and it is beneficial in decisionmaking and policy making. Statistical knowledge is helpful in collecting effective data andemploying correct analysis for these data in order to make decision on basis of data and forforecasting data. These data are very beneficial for organisation in order to attain businessobjectives and goals. Statistics involves the statistical units for research, statistical techniques,collection of units or data and analysation after that interpretation. This report pertain the statistical analysis of the NANDO'S , and African chickenrestaurant which was established in 1987 by two young men, in Johannesburg, South Africa witha motive to to provide most delicious chicken in South Africa. Moreover, in order to providethe systematic report the brief analysation of statistics for management of NANDO'S Africa,power point presentation of its information and attractive posters in order to examine properly inattractive manner. TASK 1P1 Evaluating the nature and purpose of the NANDO'S and economical data/ information NANDO'S is the most famous non-veg restaurant established in 1987 in South Africa, bytwo young men, their dream was to facilitate the taste of delicious chicken to the people of SouthAfrica as well as across the world (Keller, 2015). The Chicken provided by NANDO'S is freshflame -grilled and prepared in a PERi-PERi marinade. It was Mozambican street food, inspiredby the colonial influences of the Portuguese cooking. The NANDO'S PERi-PERi chicken hasthe massive global taste. The organisation provides the delicious chicken in 1200 restaurantsacross 35 countries. The restaurant is very popular in UK, Australia, South Africa and USA forit's delicious chicken. Besides providing the delicious chicken the range of master classes covering the finance,employee relations, operational processes and leadership. Conducted quarterly for the bettersupport to the organisation. The organisation plans to open 20 new restaurant this year and have6300 employees in all restaurants across the world. The organisation attained the excellent scores1

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