Introduction to statistics

Feb 3rd, 2012
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Ashford University
Price: $10 USD

Tutor description

To equip students with statistical skills (Techniques) that will enable them solve problems arising from day to day business operations and also make sound managerial decisions.

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KENYA METHODIST UNIVERSITYFACULTY: BUSINESS AND MANAGEMENT STUDIESDEPARTMENT: BUSINESS ADMINISTRATIONCOURSE CODE: DPBA 018COURSE TITLE: INTRODUCTION TO STATISTICSCOURSE OUTLINEPurposeTo equip students with statistical skills (Techniques) that will enable them solve problems arising from day to day business operations and also make sound managerial decisions. ObjectivesBy the end of the course the student should be able to:1. Perform basic statistical calculations 2. Identify business problems that are amenable to statistical techniques and suggest the appropriate models that can be used to solve the problems. 3. Apply statistical concepts to solve problems in life.COURSE CONTENT 1. Introduction: meaning and scope;Definitions,Importance and scope of statistics, Limitations of statistics, Methods of data collection 2. Classification and tabulation of data; Organization of data, Data classification: frequency distribution and cumulative frequency distribution. 3. Methods of data presentation a. Diagrammatic presentation; Line and bar graphs, Simple and multiple pie charts, Pictograms b. Graphical presentation; Histogram, Frequency polygon, Frequency curves,' cumulative frequency curves[ogive]. 4. Averages (measures of central tendency);Arithmetic mean,Median,Mode 5. Dispersion - measures of variablility;Range,Quartile deviation or interquartile range, Mean deviation, Standard deviation,Variance,Coefficient of variation 6. Skewness, moments and kurtosis7.

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