Statistics for Management: Introduction, Techniques, and Applications

Statistics for Management

TABLE OF CONTENTS
INTRODUCTION
PART 1
Introduction of statistics with its characteristics and overview of techniques
Types and sources of the data that a business could access
Contrast between population & sample
Value of applying the statistical techniques in meeting the business objectives
Explaining difference between inferential and the descriptive statistics
Providing example of the sample dataset
PART 2
Evaluating difference between an inferential and descriptive statistics
Calculating range of the descriptive statistics
Presenting the findings
CONCLUSION
REFERENCES

INTRODUCTION
• Statistics for management provides an insights to the managers along with the
necessary tools in making sense of the larger quantities of the data.
• It focuses on making effective decisions in the business on the basis of the
inferences drawn from the dataset.

PART 1
Introduction of statistics with its characteristics and overview of techniques
Statistics is the collection of the methods or tools for the purpose of
planning, obtaining data, experiments and thereafter organising, presenting,
analysing, summarizing, drawing conclusion and interpreting the results on the
basis of data.