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Statistics for Management PDF

Added on - 22 Jul 2020

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STATISTICS FORMANAGEMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1A Information related to annual earning................................................................................1B Analysis of gross annual earnings by industry sector on National statistics website.........6ACTIVITY 2....................................................................................................................................7ACTIVITY 3..................................................................................................................................10A Analysis the numbers of annual deliveries made by suppliers.........................................10B Number of bags were being delivered in each period......................................................10C Identifying the EOQ..........................................................................................................11D. Recommendation for total variable cost model...............................................................12ACTIVITY 4..................................................................................................................................13A Preparation of line chart which identifies the gross earning of male and female workersduring 2010 to 2016..............................................................................................................13B. Presentation of Ogive chart which identifies the cumulative % of sales.........................15CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................16
INTRODUCTIONTo determine data set and have the favourable outcomes on which firms implicatevarious measuring techniques. There are mainly use of accounting, financial and statistical tools.However, implicating such techniques which gives appropriate analysis through all theoperational framework. Moreover, in the present assessment there will be determination ofvarious facts and figures which comprises with the statistical data. It consists of analysing thedata set which contains the detailed annual salaries of male and female workers in the private andpublic sectors of jobs. There will be measurements of the order quantity based on EconomicOrder Quantity technique which ascertains the reorder level of organisation. The influences ofmean, mode, median techniques will bring the appropriate outcomes to the researchers on whichthey will generate appropriate decisions and changes in operational activities.ACTIVITY 1A Information related to annual earning1.Gross annual earning in public and private sector:In the public and private sector there is small but positive changes in gross annual salaries fromthe year 2010. There is drastic and strong effect in wages which are acquired by male and femaleemployees in public and private sector such as:Male WorkersYearPrivate% change in yearlywagesPublic% change in yearlywages201031254270002011313800.40%272330.86%2012318161.39%277051.73%2013325412.28%282011.79%2014328781.04%284420.85%2015336852.45%288811.54%2016340110.97%296792.76%1
201020112012201320142015201605000100001500020000250003000035000Interpretation:In the above scenario, it has been clearly viewed that there is significantchange in the salaries of male employees during the year 2010 to 2016 (Giordano, and.et.al.,2011). The difference in the figure of male employees of public sector is comparatively highfrom the private sector in context of salaries too.In the similar aspect, it has shown gross annualearnings in public and private sector.This picture gives an indication about self employment andprivate employment will always help in generating specific and perfect wealth to the people. Onthe basis of analysing the percentage change in annual salaries of male employees of both publicand private sectors. The percentage change of private sector in 2011 was 0.40%, 2012 was1.39%, 2013 was 2.28%, 2014 was 1.04%,2015 was 2.45% and in 2016 it was 0.97%. In thesame series, the percentage change of public sector in 2011 was 0.86%, 2012 was 1.73%, 2013was 1.79%, 2014 was 0.85%,2015 was 1.54% and in 2016 it was 2.76% (Gastwirth, 2014). In theprocess of analysing these variations, the earning capacity of male employees has majorfluctuating changes in their annual earning.2
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