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Statistics For Management | Assignment

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Added on  2020-10-22

Statistics For Management | Assignment

   Added on 2020-10-22

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STATISTICS FORMANAGEMENT
Statistics For Management | Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3A) Analysing the changes in gross annual earnings of male and female since 2010 .................3For Male......................................................................................................................................3For female...................................................................................................................................4ii) Differences in earnings of male and female ..........................................................................5B): Office of national statistics...................................................................................................7i): Gap among finance and educations gross earnings................................................................7ii): Analysing that social and health care staff are better paid then administrative staff ...........7TASK 2 ...........................................................................................................................................7A): Using Ogive charts in calculating median of earnings.........................................................7ii) Calculation of standard deviation and mean.........................................................................10Table for calculating mean........................................................................................................10TASK 3..........................................................................................................................................131): Cost efficient delivery situations.........................................................................................13A): Total number of deliveries that are made in the current year.............................................13C): Calculation of EOQ.............................................................................................................13D) Total variable cost................................................................................................................14TASK 4..........................................................................................................................................14A): Line chart indicating male and female earnings for the period..........................................14(b): Represent data by using ogive chart...................................................................................16CONCLUSION..............................................................................................................................17REFERENCES..............................................................................................................................19
Statistics For Management | Assignment_2
INTRODUCTIONStatistics is the mathematical and economical process that deals with the collection,evaluation and communication of the financial information of the company through use ofstatistical methods such as measures of central tendencies(mean, median and mode) andmeasures of dispersion(standard deviation and coefficient correlation). With the use of thesemethods it becomes easy for the company to analyse and compare the performance of thecompanies and enables the managers in gaining outcomes that are more valuable for thecompany. The statistical methods also assists the companies in attaining the organisational goalsand objectives in an more effective manner.( Linoff, and Berry, 2011. ) This project report focuses on proper analysis of various tasks and different types ofcharts and graphs are presented using the data provided. This report further utilises manytechniques for the efficient analysis are elaborated under this report.TASK 1A) Analysing the changes in gross annual earnings of male and female since 2010 Gross annual earnings: This is the total earnings that employee has earned over a yearbefore deductions of taxation. The gross annual earnings is calculated by deducting various costsfrom the CTC of the employee such as provident fund of both employee and employers and othernecessary deductions. The annual earnings of employees in the mentioned two sectors isanalysed by performing a proper hypotheses on the aggregate income of female and male duringthe period. ( Miller, 2013.)For MaleYearPublic PrivateChanges201031264270004264201131380272334147201231816277054111201332541282014340201432878284424436201533685288814804201634011296794332Total22757519714130434
Statistics For Management | Assignment_3
1234567050001000015000200002500030000350004000031264313803181632541328783368534011270002723327705282012844228881296794264414741114340443648044332column chartMale total earning Public PrivateChangesAccording to the above information which is collected from the public and private sectororganization, it identified the total earnings of males during the period. With the analysis of theof the above table and chart it is observed that the annual earnings are improving on the yearlybasis. This has also been seen that earnings from the public sector is more better in comparisionwith the private sector.( Siegel, and et. al., 2014)For femaleYearPublic PrivateChanges201026113195326581201126470195656905201226636203136323201327338206986640201427705210176688201527900214036497201628053222515802Total19021514477945436
Statistics For Management | Assignment_4

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