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Statistics for Management- PDF

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Added on  2020-10-23

Statistics for Management- PDF

   Added on 2020-10-23

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STATISTICS FORMANAGEMENT
Statistics for Management- PDF_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................11.1 Information with context of annual earning..........................................................................11.1 (A) Gross annual earning of public sector and private sector...............................................11.1 (B) Differences between annual earnings of male employees and female employees.........31.2 Interpretation of gross annual earning on National statistics website by industry................51.2 (A) Determining the differences in Finance and education .................................................51.2 (B) Analysis of Administrative staff and health and social care staff...................................7.....................................................................................................................................................7Activity 2.........................................................................................................................................72.1 Hourly Payment with respect to different regions in UK.....................................................72.1 (A) Estimating median..........................................................................................................72.1 (B) Comparing the earnings of both region..........................................................................9Activity 3.......................................................................................................................................103.1 Analysis of yearly deliveries made by suppliers.................................................................103.2 Quantity of bags which are delivered in each period..........................................................103.3 Determining the Economic Order Quantity........................................................................113.4 Suggestion for total variable cost model.............................................................................12Activity 4.......................................................................................................................................134.1 Framing a line chart which determines the gross earnings of female and male employeesduring the year 2010 to 2016....................................................................................................134.2 Framing an Ogive chart which helps in determining the cumulative percentage of sales..15CONCLUSION..............................................................................................................................15REFERENCES..............................................................................................................................17
Statistics for Management- PDF_2
INTRODUCTIONEach and every management has the need of statistics as with the means of statistics onlyfinancial performance of the organisation can be determined. The present report is giving briefdescription about how to identify the data set and to come at the results which are favourable onwhich the organisation can imply several measuring techniques. These techniques are usuallyused for financial, statistical and accounting tools. While, implying these techniques it will begiving a perfect analysis of the framework which is operational. The present report will beidentifying several figures and facts which consists of statistical data. The data set has beenanalysed and along with this, detailed yearly wages of male workers and female workers in thejob of public and private sector. There is presence of various measurement of the economic orderquantity and techniques which will be pertaining the reorder level of the entity. The statisticaltechniques of mean, median and standard deviation will be representing the perfect results toevery researcher on which specific decisions and alterations are taken in activities related tooperation.ACTIVITY 11.1 Information with context of annual earning1.1 (A) Gross annual earning of public sector and private sectorGross annual salaries from the year 2010 to 2016 of public and private sector givepositive changes (Sebastianelli and Tamimi, 2011). The wages which are gained by male andfemale employees of public and private sector are depicting drastic changes in these seven years.Below table is the clear presentation: Male WorkersYear2010201120122013201420152016Private31254313803181632541328783368534011% change inyearly wages0.0040.01390.02280.01040.02450.0097Public27000272332770528201284422888129679% change inyearly wages0.00860.01730.01790.00850.01540.02761
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201020112012201320142015201605000100001500020000250003000035000Interpretation: The above graph is showing clear picture of differences in the wages ofmale workers in the year 2010 to 2016 (Turkyilmaz, and et.al, 2011). The variations of maleworkers of public sector and their salaries are higher than that of private sector. This graph ispresenting role of self and private employment which will lead to generate wealth of the people.With the perspective of yearly wages with the percentage change of workers of public andprivate sector, the percentage are as follows of public sector in the year of 2011 was 0.86%, 2012is 1.73%, 2013 is 1.79%, 2014 is 1.04%, 2015 is 1.54% and in the year 2016 it is 2.76%. Thepercentage changes related to private sector in the year 2011, 20122013, 2014, 2015 and 2016 is 0.40%, 1.39%, 2.28%, 1.04%, 2.45% and 0.97% respectively.While observing these variations, it has been analysed that earning capacity related to maleemployees has various fluctuations in the yearly earnings.Female employeesYear2010201120122013201420152016Private26113264702663627338277052790028053% change in yearly wages1.370.632.641.340.70.55Public19532195652031320698210172140322251% change in yearly wages0.173.821.91.541.843.962
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