Académique Documents
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by Ken Black
Chapter 1
Discrete Distributions
Introduction
to Statistics
Business Statistics, 4e, by Ken Black. 2003 John Wiley & Sons.
1-1
Learning Objectives
Define statistics
Become aware of a wide range of
applications of statistics in business
Differentiate between descriptive and
inferential statistics
Classify numbers by level of data and
understand why doing so is important
Business Statistics, 4e, by Ken Black. 2003
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Statistics in Business
Accounting auditing and cost estimation
Economics regional, national, and international
economic performance
Finance investments and portfolio management
Management human resources, compensation, and
quality management
Management Information Systems performance of
systems which gather, summarize, and disseminate
information to various managerial levels
Marketing market analysis and consumer research
International Business market and demographic
analysis
35-
What is Statistics?
Science of gathering, analyzing,
interpreting, and presenting data
Branch of mathematics
Course of study
Facts and figures
A death
Measurement taken on a sample
Type of distribution being used to analyze
data
Business Statistics, 4e, by Ken Black. 2003
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55-
Population
65-
Color
MPG
RD1
RD2
RD3
RD4
RD5
BL1
BL2
GR1
GR2
GY1
GY2
GY3
Red
Red
Red
Red
Red
Blue
Blue
Green
Green
Gray
Gray
Gray
12
10
13
10
13
27
24
35
35
15
18
17
75-
Color
MPG
RD2
Red
10
RD5
Red
13
GR1
Green
35
GY2
Gray
18
85-
95-
105-
denotespopulationstandarddeviation
115-
denotessamplevariance
Sdenotessamplestandarddeviation
125-
toestimate
Sample
x
(statistic)
(parameter)
Selecta
randomsample
Business Statistics, 4e, by Ken Black. 2003
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Example: Ethnicity
1 for African-American
2 for Anglo-American
3 for Hispanic-American
155-
165-
1
6
f
i
2
4
3
5
n
i
s
h
175-
Ordinal Data
Faculty and staff should receive preferential
treatment for parking space.
Strongly
Agree
Agree
Neutral
Disagree
Strongly
Disagree
185-
195-
205-
215-
Meaningful Operations
Statistical
Methods
Nominal
Nonparametric
Ordinal
Nonparametric
Interval
Parametric
Ratio
Parametric
225-