Statistics for Management: Formative Submission: Deliveroo

Statistics for Management: Formative Submission: Deliveroo
Student Name:
Student No:
10/29/2021

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK- 1...........................................................................................................................................4
Critically evaluate and compare each data source.......................................................................4
Critically evaluate the descriptive analysis..................................................................................5
Summarise the conclusions..........................................................................................................6
TASK- 2...........................................................................................................................................9
1) Inventory Planning..................................................................................................................9
2) Purchasing planning................................................................................................................9
3) Quality test planning.............................................................................................................10
4) Capacity planning..................................................................................................................11
REFERENCES..............................................................................................................................13
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INTRODUCTION
Statistics plays a very important role in analysing the data for managers. It quantifies the
complete data in an arranged format through which companies can interpret its position. There
are various methods which helps in the completion of this task. The company chosen in this
report is Deliveroo. It is a UK based Fast food delivery business operating in more than 200
locations. This report compares the relevancy of data extracted from various sources. It also
provides an analysis of the descriptive method of reviewing data. Further it evaluates the data
provided by applying various tools of statistics.
TASK- 1
Critically evaluate and compare each data source.
Data means the value, figure or qualitative aspects of different variables that helps in
extracting information and performance of the company and data sources refers to the places
where a particular collection of knowledge has been extracted. It is important that the
information derived from these sources is correct, otherwise the whole information can go
wrong.
The data on Deliveroo has been extracted from two sources. Below is the discussion
about the two sources authenticity.
 Nature- it means that whether the data is quantitative or qualitative. The information
extracted from two modes is in numerical format. They all are provided in either millions
or count of locations.
 Validity/Currency- It checks that whether the data is authentic or not. The knowledge
provided in both the forms exactly matches with each other. It means that the complete
information is authentic, as when two different sources provides same figures. Then it is
considered to be correct.
 Strengths and weaknesses-
First source- the data provider here is authentic and can be trusted. It is its biggest strength. But
the companies do not provide their full information to external sources. So there can be a case of
alteration or hiding of information.
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 Second Source- the second data is just an excel sheet. So there is no proper authenticity
of this mode. Because the data can be irrelevance or just copy pasted. It is its biggest
weakness.
 Reliability – it checks out the trustworthiness of the data. The first source can be
considered to be reliable as this is from a well renown app. But there is no reliability of
the second in formation. This is not from an authentic publisher.
Though the two data's are exactly same so, both of them can be used for the analysis. But
if considering about the authenticity, the data of first source is reliable. But the other source
cannot be considered for evaluating the position of business.
Critically evaluate the descriptive analysis.
Descriptive analysis refers to the data that helps in understanding and interpreting the
data along with arranging it so that a meaningful information can be revealed from it. It helps in
summarising and constructing the content in such a way that a pattern can be made in that
information. These are types of evaluation:
 Measures of frequency- in this method the prime source is the frequency distribution
which is represented in number or percentages . It predicts the possibility of occurrence
of any data.
 Measures of Central tendency- here, three methods are used- mean, median, mode. It
works on the functions of averages, mid values and highest occurring frequency.
 Measures of dispersion- it checks out the way in which the data is distributed in the
whole range of values. In this range and standard deviation can be used for evaluating the
distribution.
 Measures of Position- It determines the position hold by every single value in the table
or its relation in comparison to other figures.
Advantages of descriptive analysis
 High level of neutrality- in this type of evaluation, the researchers are required to be more
vigilant as it demands different types of feature of data that is driven.
 More Vast- This method is much more wider than the other methods, and gives big
picture of the complete event. The variables can be single or multiple.
 Flexible- It provides a flexible environment to the user as they can make use of both
quantitative as well as qualitative data for interpreting it.
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