Assignment on Statistics for Management Report
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Added on 2020-06-04
Assignment on Statistics for Management Report
Added on 2020-06-04
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Statistics for Management
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A): i) Gross annual earnings in the public and private sector ...............................................1TASK 2............................................................................................................................................5a): Analyse raw business data by using statistical methods...................................................5TASK 3..........................................................................................................................................12Statistical methods used in business planning......................................................................12TASK 4..........................................................................................................................................14Communicating finding though using charts and tables......................................................14CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................19
INTRODUCTIONStatistics is said to be the science of collection, presentation and evaluation and analysisof numerical as well as mathematical data. It is necessary to have a correct data which will behelpful in analyzing the positive conclusion from the available resources which are collection forthe various sources. The main objective of these data is to reach out to a solution which is furtherrequired to achieve the organizational objectives. This project report consists of various taskswhich are explaining the nature and process of economical data from different published sources(Yalagandula and KimCurtis, 2012). Evaluation of various sources of implement techniques forthe analysis. Under of using qualitative and quantitative data in the concern business is alsodiscussed under this report. Some of the major tools are also used in order to know the rightresults from the given situation. All the information and data are collected are presented throughallying various charts.TASK 1A): i) Gross annual earnings in the public and private sector In an organization, the employees are working in order to achieve their individual as wellas group goals. In return of their work they are getting some annual earning after the net profit acompany get during the year. It is the amount which is earned annually. Gross annual income issaid to be that amount of fund a person or employees earn in a one financial year from all therelated sources before any taxes levied on it. While, preparing an income tax return during theaccounting period, the gross annual income total is taken as the base amount with which tooperate (Reaves and Hickman, 2015).How to determine gross annual salary:To examine the total gross annual salary firstly, to find out exact amount of pay, multiplyit with the hourly wages by the total number of hours an employees is working in a week thenmultiply it with 52. It will come out as gross annual income and after that divide it by 12 todetermine monthly pay they are getting.1
Gross annual earnings for MaleYearPublic sectorPrivate sectorsChanges 200930638273623276201031264270004264201131380272334147201231816277054111201332541282014340201432878284424436201533685288814804201634011296794332Gross Annual earnings of FemaleYearPublic sectorPrivate sectorsChanges 2009252241955156732010261131953265812011264701956569052012266362031363232013273382069866402014277052101766882015279002140364972016280532225158022
From the above drawn column charts, it has been found that in case of female they areearning more than male since 2009 (Embrechts and FreyMcNeil, 2014). Under this situation,both public and private sectors are dominated by the female groups as they are earning more thanmale which is indicated in 2011. From, 2013 to 2015 they are getting maximum earning whilemales are at that point not able to get that much of income from the company.ii): The difference among male and female gross annual earning for public sectorYearPublicsectorfor malePublicsectorsforfemaleDifference200930638252245586220103126426113573772011313802647057850201231816266365845220133254127338598792014328782770560583201533685279006158520163401128053620643
2. The difference among male and female gross annual earning for private sectorYearPrivate sector formalePrivatesectorsforfemaleDifference 200927362195514691320102700019532465322011272331956546798201227705203134801820132820120698488992014284422101749459201528881214035028420162967922251519304
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