Business Statistics Report: Tools and Techniques for Problem Analysis

This report provides a comprehensive overview of statistical tools and techniques used in business analysis and decision-making. It begins by exploring various statistical tools such as IBM SPSS Statistics, RStudio, Stata, and JMP, highlighting their applications and strengths. The report then delves into project management tools, including Trello, Asana, Zoho Projects, Wrike, ProofHub, and Monday.com, discussing their features and functionalities. Finally, the report covers key project management techniques such as the Critical Path Method (CPM), Gantt charts, Net Present Value (NPV), and Internal Rate of Return (IRR), explaining their roles in project planning, scheduling, and evaluation. This report is valuable for anyone seeking to understand how to leverage statistical and project management tools to improve business outcomes and make informed decisions.

Statistics [test]

Table of Contents
Q1. Statistical tools and techniques for problem analyses and business decision-making.............3
Q2. Project management tools and its futures.................................................................................3
Q3. Detail.........................................................................................................................................5

Q1. Statistical tools and techniques for problem analyses
and business decision-making
Factual analysis applies clearly measurable strategies to an information example to gain an
understanding of the external population. It focuses on the boundaries drawn around specific
business segments, partners and an entire collection to anticipate the behaviors and
characteristics of others.
A part of the tools and techniques for measurable studies
IBM SPSS Statistics
It provides special use for users who are able to adapt to different levels of knowledge while
providing diagrams and reports that show results effectively.
RStudio
RStudio is a tool created for information science and fact processing. Help groups of clients
collaborate, share compute funds and disseminate results to leaders within their association.
Stata
Stata is a comprehensive tool for operator information, fact finding and advanced design.
JMP
JMP is a fact-finding tool that reinforces an incredible vision with dynamic projects, both in
memory and in the field of work. His intuitive and intuitive visual acuity allows him to discover
experiences that are difficult to extract from raw number tables or static diagrams.
Q2. Project management tools and its futures
1. Trello
Trello is one of the top commissions that the program executives have worked with in
collaborative tools to work with your organizations. It is light, simple and clear to use. Use
papers, documents and cards to make assignments and stay coordinated. Customers can
collaborate within cards, share documents and leave comments.

Development: Basic provision can be used. However, there are paid plans that add to computing,
combo, need for support, and the sky is the highest point out of there.
2. Asana
Asana is a flexible, on-board tool with an emphasis on coordinated effort. There are processes in
place that replicate commissions. It is natural with multiple commissions and supports custom
fields and structures.
Development: Free approval available for up to 15 customers. You can track assignments by
reviewing them as charts, on-board, and on board Kanban.
3. Zoho Projects
Zoho Projects is a mainstream offering from Zoho that helps organizations monitor for errors,
work together, monitor for insects, and run natural reports. The tool offers ambitions like Gantt
explains and the ability to bill hours on multiple tasks in the meantime.
Measurements: Free form for eternity with basic ambitions and limited clients
The Express contract is valued at $ 4 and supports up to 50 customers.
4. Wrike
Wrike is a cloud-based application that improves project organization, helps monitor your
collaboration, keeps track of screen deadlines, and works effectively with partners all.
Measurements: There is a free variant with limited functionality and up to five clients. Paid plans
start at $ 9.80 / client / month. There is also an evaluated business plan.
5. ProofHub is a proof-of-concept website
ProofHub is a proof-of-concept website. Task lists, workflows, Gantt maps, discussions,
schedules, and documents are all centralized in ProofHub. It allows you to schedule, coordinate,
and monitor the activities of your team.
ProofHub has a small number of integrations and task management options due to its emphasis
on simplicity. It's suitable for both freelancers and small and medium-sized companies.
6. Diluain.com

Monday.com combines an attractive external interface and useful image creation tools to become
a natural and fundamental adventure in tabletop programming. It is flexible and offers an easy
way to coordinate your work.
Valuation: the approximate framework is highly negative. There is no freemium plan, and you
should invest in researching how many customers, appliances and related businesses you need
each month. Paid plans start at $ 39 per month for five customers.
Q3. Detail
1. CPM
Critical path method is one of the techniques of project management. In this technique minimum
time required for particular project for completion is calculated.
2. Gantt Charts
This analytical tool is popular for its best visualization of scheduling activities and tasks. Gantt
charts basically interrelates different task and calculates time taken by each task compared to
assigned time.
3. NPV
Net present value is a project appraisal technique which helps top management in taking decision
regarding which project it should select.
4. IRR
Internal rate of return is also a project appraisal technique. The decision criteria are based on
finding whether project is able to cover cost of equity or not.