logo

[PDF] Statistics for management | Assignment

15 Pages4800 Words386 Views
   

Added on  2021-01-02

[PDF] Statistics for management | Assignment

   Added on 2021-01-02

ShareRelated Documents
Statistics For Management
[PDF] Statistics for management | Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1ACTIVITY 1....................................................................................................................................1(i) Changes in Gross Annual Earnings in the Public and Private sector since 2010...................1(ii) Analysing the gap between male and female gross annual earnings between 2010 and2016.............................................................................................................................................3(iii) Determination of gap between the education and finance gross annual earnings................4(iv) Determining whether health and social care staff are better paid than administrative staff.5ACTIVITY 2....................................................................................................................................5Evaluation of Hourly Pay Rates..................................................................................................5(a) Producing an Ogive for estimation of Median and Quartiles................................................5ACTIVITY 3....................................................................................................................................7Economic Order Quantity...........................................................................................................7(a) Current Number of rice bag deliveries made annually by the supplier:................................8(b) Calculation of number of rice bags with each delivery is calculated below:........................9(c) Calculation of economic order quantity:...............................................................................9(d) Calculation of Inventory Policy Cost and recommendations made thereof........................10ACTIVITY 4..................................................................................................................................11(a) Drawing Line Chart from Table 1 (Activity 1)...................................................................11(b) Producing Scatter Diagram from Table 4 (Activity 2)........................................................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
[PDF] Statistics for management | Assignment_2
INTRODUCTIONStatistics for Management is an important tool used in the process of decision-making.Statistical tools include measures of central tendency, dispersion as well as variability. For thepurpose of collection of meaningful information to cater to different organisational needs inrelation to marketing, finance as well as forecasting, this information is helpful in easy derivationas well as simplification of complex data stored in the database of organisation (Al-Omari,2016).This report is divided into four distinct activities that help in developing understandingregarding the different statistical techniques and tools used for serving different purposes. Thefirst activity analyses the annual gross earnings in regards to different sectors along with theirgraphical representation. On the other hand, Activities 2 and 3 cater to the detail analysis ofOgive, Median, Quartiles, Standard Deviation and Economic Order Quantity. Lastly, Activity 4aims to provide graphical representation of previous activities 1 and 2 in order to producemeaningful data in a creative manner.ACTIVITY 1(i) Changes in Gross Annual Earnings in the Public and Private sector since 2010.In the context of given case scenario, the Gross Annual Earnings is the income earned byan individual in exchange of services provided by them to their respective employers. Thefollowing Table (1) shows bifurcation of Public and Private Sector employees working full-timeon the basis of gender for the period of 2010 to 2016. Apart from this, a graphical representationof these figures has been provided below showcasing the changes in these earnings with the helpof trend-lines for the 7 periods.Table 1: Public / Private sector full-time employees' pay by sex, United Kingdom, April 2009 –2016 (Gross annual earnings (£))YearPublic SectorPrivate SectorMaleFemaleMaleFemale2010312642611327000195322011313802647027233195652012318162663627705203132013325412733828201206982014328782770528442210172015336852790028881214031
[PDF] Statistics for management | Assignment_3
201634011280532967922251Total Earnings22757519714119021514477920102011201220132014201520160500010000150002000025000300003500040000Public Sector MaleLinear (Public Sector Male)FemaleLinear ( Female)Private Sector MaleLinear (Private Sector Male)FemaleLinear ( Female)YearAnnualEarnings(Gross)Total Earnings for Public Sector and Private Sector have been continuously growingbetween 2010 to 2016. The increasing trend has been observed for both male and femaleworkforce from 2010 to 2016. The Annual Gross Earnings in Public Sector for Males wasrecorded at £31,264 in 2010. This figure reached to £34,011 in 2016. Therefore, there has been a8.79% increment in the annual gross earnings for this segment. For females the earnings wererecorded at £26,113 in 2010 that reached to £28,053 in 2016. Hence, this Public Sector segmentrecorded an incremental effect in the annual gross earnings over the years of 7.43% growth. For Private Sector, the earnings recorded for males in 2010 came up to £27,000 whereasfor Females it came to £19,532. Between 2010 and 2016, the earnings reached as high as£29,679 and £22,251 for men and women respectively. Hence, the Male Segment of this Sectorexperienced a growth of 9.92% for the relevant 7 years. On the other hand, the Femaledemographic experienced a growth rate of 13.92% for the considered time-frame.Through these findings one can say that the highest growth recorded between 2010 and2016 is for the Women Segment of Private Sector whereas the lowest or minimum increase hasbeen recorded in Public Sector for Females. An Incremental change in annual gross earnings2
[PDF] Statistics for management | Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
STATISTICS FOR MANAGEMENT INTRODUCTION 1 ACTIVITY 1 i. Gender Pay Gap and Hourly Earnings
|11
|3032
|229

Statistics For Management Sample Assignment PDF
|21
|4631
|478

Assignment: Statistics for Management
|19
|3721
|88

Statistics in Management ACTIVTIY 1 1
|17
|3350
|361

Statistics for Management Assignment Solution (Doc)
|15
|3020
|285

Report on Statistics of Management
|20
|3742
|165