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Statistics for Management Assignment Solved - Doc
Added on -2020-11-23
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STATISTICS FORMANAGEMENT
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1A. Analysing the differences between earning capacity of public sector men and womenemployees....................................................................................................................................1B. analysing the relationship between earning capacity of men and women employees in theprivate sector................................................................................................................................2C. Time chart:..............................................................................................................................3D. Determination of annual growth rate in earnings of each group............................................4TASK 2............................................................................................................................................71. Presenting Ogive chart in analysing the median hourly earnings and quartiles......................72. Measuring the mean and standard deviation for hourly earnings............................................8Comparing the hourly earnings of leisure staff employees in Manchester and London...........10TASK 3..........................................................................................................................................10A. Measuring the Economic order quantity (EOQ)...................................................................10B.................................................................................................................................................10C.................................................................................................................................................11D. Determining the current service level...................................................................................11E. Re-order level........................................................................................................................11TASK 4..........................................................................................................................................12A................................................................................................................................................12B.................................................................................................................................................13CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONStatistical analysis over a data base would be effective for the managerial professional inrelation with analysing the outcomes and making adequate ascertainment of the operations. Inthe present report, there will be analysis over the various statistical issues on the basis of currenteconomic data as well as business statistics which would be adequate in making reliable analysisover the facts. Moreover, statistical analysis helps an individual in measuring the outcomes anddrafting a valid conclusion on the stated outcomes.TASK 1A. Analysing the differences between earning capacity of public sector men and womenemployeesNull hypothesis: There is no mean significant relationship between the employees ofpublic sectors men and women’s earning capacity.Alternative hypothesis: There is a mean significant relationship between the employees ofpublic sectors men and women’s earning capacity.1
Interpretation:On the basis of anlsyed outcomes which is being based on determining thedifferences between male and female employees at the public sector. Thus, the average male whoare earning 32276 per year while women are earning around 26929. Similarly, in analyzing thevariances on which male has 1449962 and female has 977868. On the basis of such analysis onwhich it can be said that, male employees are more efficient in earnings as compared withwomen employees in public sectors. In accordance with the T statistics which defines one tailed tvalue as 1.27 and two tailed as 2.54. therefore, there have been acceptance to the null hypothesiswhich states, there is no mean significant relationship between the employees of public sectorsmen and women’s earning capacity.B. analysing the relationship between earning capacity of men and women employees in theprivate sectorNull hypothesis: There is no mean significant relationship between the employees of privatesectors men and women’s earning capacity.Alternative hypothesis: There is a mean significant relationship between the employees ofprivate sectors men and women’s earning capacity.2
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