logo

Statistics for Management

   

Added on  2023-01-18

12 Pages859 Words42 Views
Statistics and Probability
 | 
 | 
 | 
STATISTICS FOR
MANAGEMENT
Statistics for Management_1

TASK 1
1. Meaning of statistics and its features
Statistics means an aggregate of the facts that is been affected to the
marked extent through various causes that is been expressed in
numerical terms, estimated and enumerated in accordance to the
reasonable accuracy standards.
Statistics for Management_2

Contd...
Characteristics of statistics
Aggregate of the facts
Numerically expressed
pre-determined purpose
systematic manner
placed in place of each other
Affected by various causes
Estimated figures as per reasonable accuracy standards
Statistics for Management_3

Contd...
2. Types and the sources of the data information which a business required to
access
The business organization could access mainly two types of the data that includes
primary and the secondary sources of collecting data. Primary data reflects the
first-hand data that is been gathered in direct connection with the respondent
through personal investigation, questionnaire etc.
There are two main sources of the data that involves statistical and the non-
statistical sources.
Statistics for Management_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Statistics for Management: Introduction, Techniques, and Applications
|16
|1062
|21

Statistics for Management
|17
|1016
|30

Statistics for Management: Methods, Techniques, and Applications
|15
|2980
|32

Statistics for Management: Application and Methods
|13
|905
|23

Unit 31: Statistics for Management
|19
|4230
|89

Financial Analysis Management & Enterprise
|16
|3199
|81