Statistics for Management - Data Analysis, Report, and Recommendations

This report delves into the application of statistical methods for management, covering data representation, measures of central tendency, and dispersion. It includes analysis of gross annual earnings, using line charts, bar charts, and pie charts to visualize data. The report explores statistical techniques such as mean, median, mode, standard deviation, and the chi-square test, and regression analysis. It also addresses economic order quantity (EOQ) calculations and provides recommendations for business decision-making based on statistical findings. The report is structured into different tasks, analyzing data related to earnings, student marks, and baby weight to provide a comprehensive understanding of statistical tools in a business context.