Statistics for Management

Statistics for
Management

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1: You must produce a report, which contains an evaluation AND an interpretation of TWO
sources of data relating to Deliveroo...........................................................................................1
P2: Evaluate data from a variety of sources using different methods of analysis.......................2
TASK 2............................................................................................................................................4
P3: Analyze and evaluate qualitative and quantitative raw business data from a range of
examples using appropriate statistical methods...........................................................................4
TASK 3............................................................................................................................................6
P4: Apply range of statistical methods used in business planning for quality, inventory and
capacity management...................................................................................................................6
TASK 4............................................................................................................................................7
P5: Using appropriate charts/tables communicate findings for a number of given variables.....7
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Analytics are useful in almost each sector of marketing. Someone who has a massive
volume of information under their management appear being more advanced in their corporate
strategy in this time of information technology (Bolino, Long and Turnley, 2016).
Administration makes choices about many company elements by examining information and
employing multiple mathematical methodologies. Companies can discover and achieve its
predefined targets by utilising numerous statistics machine learning and information processing,
giving them an edge over its rivals. In this report there is a detailed evaluation of the company
named Deliveroo. Different analytical methodologies aid in corporate efficiency, stock, and
production schedules. Quantitative tools could be used by companies to predict. In a nutshell,
numbers have improved company operations simpler and more efficient, gaining a competitive
advantage.
TASK 1
P1: You must produce a report, which contains an evaluation AND an interpretation of TWO
sources of data relating to Deliveroo
Statistical data are information and numbers that are quantitative in nature. It is a branch of
knowledge which deals with the collecting, categorization, examination, and interpretation of
quantitative records about everything in order to make inferences based on its measurable
probability. This could handle tallies of data that are too large to be comprehended by ordinary
sight, because such data tends to behave in regular ways (Donnez and Dolmans, 2016). The
company that is Deliveroo does all the related aspects and that too in a detailed manner and thus
it is one of the reason for its huge success in the market as compared to its competitors in the
long run. It could be broken into 2 halves. The first is describing, whereas the second is
interpretive.
Data have the following features: Deliveroo does a lot of data analysis and thus all of them are
evaluated in a precise manner below-
 Data are provided as numerical numbers so that facts could be tallied or estimated. It
means that the data or findings must be accessible to be expressed within several
numerical frameworks in order to be considered metrics. Statistical data could include