SUBJECT: BUSINESS STATISTICS COURSE CODE: MC-106 LESSON: 01 AUTHOR: SURINDER KUNDU VETTER: DR. B. S. BODLA AN INTRODUCTION TO BUSINESS STATISTICS OBJECTIVE: The aim of the present lesson is to enable the students to understand the meaning‚ definition‚ nature‚ importance and limitations of statistics. “A knowledge of statistics is like a knowledge of foreign language of algebra; it may prove of use at any time under any circumstance”……………………………………...Bowley. STRUCTURE: 1.1 1.2 1.3
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Statistics: The Applications of Statistics Kashaf Bakali 201105803 Qatar University Post Foundation English 203 – 106 December 17‚ 2012 Dr. James Scotland What is statistics? Statistics is a study which includes the collection‚ analysis‚ organization‚ interpretation and presentation of data. The collection‚ organization‚ analysis‚ interpretation and presentation of data help people in numerous ways; from prediction of diseases and weather up to being useful in business. These
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Define Statistics Statistics is the practice of gathering‚ sorting‚ and categorizing numerical information in an organized format that can be used to acquire results to specific problems. According to McClave‚ Benson‚ and Sincich (2011)‚ “Statistics is the science of data. It involves collecting‚ classifying‚ summarizing‚ organizing‚ analyzing‚ and interpreting numerical information” (p. 3). Different Types and Levels of Statistics There are two types of statistics. One is descriptive which defines
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understands the basics of healthcare statistics and research. You decide to create a training packet that will be distributed to all employees in your department. For newly hired employees‚ the packet will assist them in learning the basics of the department. For current employees‚ the packet will serve as a review in order to maintain sharpened skills throughout the department. Create a written training piece (traditional paper‚ handout‚ outline‚ etc.) that explains the following information to your
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Statistics in Business Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation or explanation‚ and presentation of data. It also provides tools for prediction and forecasting based on data. It is applicable to a wide variety of academic disciplines‚ from the natural and social sciences to the humanities‚ government and business ("Statanalysis Consulting"‚ 2013). Statistics is used in decision making that affects our everyday lives. The study of statistics
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Question 1 How can graphics and/or statistics be used to misrepresent data? Where have you seen this done? Answer: It is a well known fact that statistics can be misleading. They are often used to prove a point and an easily be twisted in favor of that point. Statistics‚ graphics and database are used in medical field to approve‚ prove or disapprove theories‚ analysis and interpretation of ailments‚ medications and its impact and treatment and its effectiveness. As noted by Nursing Research (2011)/
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come across success just by hoping for it. To achieve true success‚ you need the strength of mind and body to struggle and work hard to reach your fullest potential. You need the right attitude‚ self-discipline and the ability to put your goal before your own needs‚ if you are really driven towards reaching success. There is‚ after all no substitute for hard work‚ and as Henry Ford says‚ “The harder you work‚ the luckier you get” – the more successful you get! How do you overcome success? Intense
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Assigmnment 1 Question 1: Give a comprehensive account of the importance of Statistics to you (i) as a government agent‚ (ii) as a Public Administrator‚ (iii) as an individual Statistics‚ is study of the systematic collection‚ organization‚ and interpretation of data. This includes the planning of data collection in terms of the design of surveys and experiments. Is is therefore safe to say that Statistics‚ as a discipline‚ is the development and application of methods to collect‚ analyze and
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IMPORTANCE OF STATISTICS In today’s world we are faced with situations everyday where statistics can be applied. Statistics can be used to determine the potential outcome of thousands of things where the human mind alone wouldn’t be able to. Statistics benefits all of us because we are able to predict the future based on data we have previously gathered. Being able to predict the future not only changes our lifestyle but also helps us be more efficient and effective. Statistics is the science of
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realized in a company which will lead to failure. Additionally‚ creating a healthy organizational culture also has a strong impact on the success of a company. Challenges not only bring difficulties for management to face‚ but also bring rewards. So manager ’s efforts can be rewarded in most cases as long as manager is willing to do whatever is necessary to achieve success. Manager needs some essential skills to carry out duties and issues. Robert L. Katz (1993) has identified three basic skills for
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