This website uses cookies to ensure you have the best experience.

# Managerial Statistics Essay

1516 words - 7 pages

SCIENCE – is an orderly arrangement of knowledge and fact based on careful observation and experimentation.
MATHEMATICS - a branch of science dealing with finding plausible solution to certain irregular condition known as problem with the use of some quantitative techniques.
STATISTICS – branch of science dealing with the collection, presentation, analysis, and interpretation of data with the use of some mathematical tools to arrive at a valid and reliable conclusion and/or generalization.
System: methods
Procedures
Processes
Steps

STATISTICS

SAMPLE AND SAMPLE SIZE DISTRIBUTION

Samples are preferred and/or ...view middle of the document...

Systematic Random Sampling – a method which utilizes the Kth element wherein samples are determined from the multiples of K
N 1000
K = n = 286 = 3.496 =3.50 = 4: multiples of 4
5. Stratified Random Sampling - uses strata as categories of data
example:
Year Level Ni Pi = Ni/N ni = n x Pi
1st 400 400/1000 =0.40 286x.40 =114
2nd 300 .30 286x.30 = 86
3rd 200 .20 286x.20 = 57
4th 100 .10 286 x.10 = 29
TOTAL 1000 1.00 286

6. Cluster Random Sampling - is employed in any study which involves large data or population from wide geographical location
Ex. Luzon – Visayas – Mindanao

7. Multi-Stage Random Sampling - extension of the cluster Random Sampling
Ex. Luzon – NCR – Makati - Large Enterprises - 100 years of existence – 100 Billion assets – success indicators

NOTE: The Larger or bigger the capital N, the larger or bigger the small n – more population = more samples

B) Nonprobability or Non-Random Sampling (NRS)
Not all members of the population have the equal chance to become part of the sample group.

Techniques:
1. Purposive NRS - according to the purpose, objective, or nature of the research undertaking
Ex. Nullification of the House of Legislators as Perceived by Large Corporations Business Leaders: Implications to Constitutional Dilemma

2. Quota NRS - according to predetermined number of samples respective of the criteria set by the researcher.
Ex. Success Stories of 10 lawyer- business entrepreneurs
3. Convenience NRS - according to the comfort or convenience of the research as the researcher gives the following conditions:
a. Proximity
b. Availability/accessibility
c. Affordability
d. Ability
e. Safety and security

MODULE 1: BASIC CONCEPTS IN STATISTICS

1. Variable (rw. Vary) - any representation of any event, situation, phenomenon, object, or person defined in a set of characteristics
2. Dependent Variable (DV) – the “effect” or “output” variable whose value(s) depend on the input variable
3. Independent Variable (IV) – the “cause” or “input” variable whose values can be manipulated.
4. Extraneous/Exogenous/Moderating/Intervening Variable (EV) - variable which is basically not part of the original research, however, is found or suspected to affect and/or influence either the IV/DV.
5. Population (N) - the aggregate or totality of any variable respective of the point of reference.
6. Sample (n)¬ the fraction or portion of a population respective of a point of reference
7. Parameter – any value derived from the population data
8. Statistic - any value derived from the sample
9. Discrete variable - variable whose values are fixed and/or whole
10. Continuous Variable - variable whose values are infinite within a range of continuum
11. Measurement -the process of quantifying the qualitative characteristics of any variable

12. Levels or scales of Measurement
a. Nominal - categorical variable which uses coding or...

## Other Papers Like Managerial Statistics

### Weekly Schedule Essay

1400 words - 6 pages OF COURSES BEING OFFERED Code Units Course Title Instructor BII FMG IE MACS ME OM 0.5 1 0.5 1 1 1 Business Integration and Innovation Financial Management Islamic Ethics Managerial Accounting and Control Systems Managerial Economics Operations Management Jamshed H Khan Syed Mubashir Ali Kamran Rashid Ayesha Bhatti / M Junaid Ashraf Tanveer Shehzad Hassan Rauf / Syed Zahoor Hassan SULEMAN DAWOOD SCHOOL OF BUSINESS MBA PROGRAMME

### Math533 Project Part a Essay

1062 words - 5 pages MATH533: Applied Managerial Statistics Course project – part A I. Introduction. AJ DAVIS is a department store chain, which has many credit customers and wants to find out more information about these customers. A sample of 50 credit customers is selected with data collected on the following five variables: 1. Location (Rural, Urban, Suburban) 2. Income (in \$1,000’s) 3. Size (Household size) 4. Years (the number of years that the

1068 words - 5 pages , an expansion of a person's capacity to be effective in managerial roles becomes vital" Wickramasinghe & Zoyza, N. D. (2009). A manager's responsibilities are quite diverse because the very nature of their job requires that they be generalists with a solid understanding of these different business functions. It is essential they navigate and work within the vast array of business functions to ensure their business is efficient, effective, and

### Management

828 words - 4 pages on each task by optimizing the way the task was done – study one best way [4 principles] • Administrative Management – Henry Feyol believed managers could be taught to become successful, once they understand the basic functions and principles of management. • Behavioral Management – Hawthorne studies • Management Science Theory o Quantitative approach - Focuses on improving managerial decision making by applying Statistics, optimization

### Non-Traditional Learners in Higher Education

1160 words - 5 pages -traditional learners include scheduling conflicts, family issues, financial problems, managerial support, and personal issues such as health problems. Lack of time and money were the two biggest barriers faced by adult learners when making the decision to drop out of persist in their studies. The National Center for Education Statistics states in their 2002 report entitled â€œSpecial Analysis 2002; Nontraditional Undergraduatesâ€ that â

1572 words - 7 pages reasons: I. Organizations need managerial skills & abilities more than ever in these uncertain, complex & chaotic times. II. Managers are critical to getting thing done. Question 2: Is business management a profession? Why or why not? Do some external research answer this question? Ans: Management is a profession according to the Occupational Outlook Handbook published by BLS (Bereau of Labor Statistics).  In addition to the concept of an

### Mba Syllabus

3224 words - 13 pages ITM UNIVERSITY UPARWARA, NEW RAIPUR Syllabus for MASTER OF BUSINESS ADMINISTRATION EFFECTIVE FROM THE SESSION: 2012-2013 Semester –I ITM UNIVERSITY, NEW RAIPUR Master of Business Administration Semester –I List of subject for Academic Session 2012 – 13. Serial No. 1. 2. 3. 4. 5. 6. 7. 8. List of Subjects Principles of Management Managerial Economics Financial Accounting Environment Management Quantitative Techniques Business

### Creating, Financing, and Marketing a Business

1206 words - 5 pages products and services. Some examples would be; budgets which are the quantifiable expression of the plan, performance reports which often compare the budget with actual results. The goal is to look for any deviations thusly variances. Other managerial accounting includes reporting revenues, sales logs, stocking and another statistics that will determine the overall profitability of the business. (Horngren and Foster, 1987) (Kaplan and Atkinson

### Outsourcing - Nike, Inc

843 words - 4 pages advantage of producing oversears – Nike sells over 120 million shoes a year with a revenue of \$25.3 billion in 2013. The cost savings of oursourcing roughly equal \$1.2 billion dollars annually for the company (Nike Company Statistics, Statistic Brain). However beneficial oursourcing can be, it can also incur some serious disadvantages. Some of these threaths are: 1. Threat to security and donfidentiality 2. Synchronization of the deliverables 3

### Effect of Technological Change on Employee Performance in Organizations

788 words - 4 pages practice as an individual or as a member of a public accounting firm. Public accountants who meet the required education, experience and pass required examinations may become CPA’s. 2. Specialized accounting fields/ branches There are several specialized fields in accounting. The two most common are financial accounting and managerial accounting ( this is based on user’s point of view). Other fields include:- Cost accounting, Environmental

### Healthcare

676 words - 3 pages speech, financial and managerial accounting for decision making, and elementary statistics. For a head nurse the responsibility for boundary spanning is increasing role complexity that has intensified the work of managers in supporting healthcare teams. This has examined the influence of front-line managers' characteristics and scope of responsibility on teamwork. Scope of responsibility considers the breadth of the manager's role. A descriptive

## Related Essays

### Managerial Economics Essay

3751 words - 16 pages economics and statistics Statistics is a science concerned with collection, classification, tabulation and analysis of data for some specified purpose. Managerial economics and statistics are closely related as businessmen deal mainly with concepts that are quantifiable for example: demand, price, cost of operation etc. Statistics is useful to managerial economics in many ways; Managerial economics requires marshalling of quantitative data to

### Management Essay

2628 words - 11 pages quantitative approach has contributed to the field of management. * Also called operations and research or management science. * Evolved from mathematical and statistical methods to solve WWII military logistics and quality control issues. * Focuses on improving managerial decision making by applying: - * Statistics, optimization models, information models and computer simulations b) Describe total quality management

### Decision Making Courses And How They Relate To Decision Making

1291 words - 6 pages they are used in making decisions decision-making, production management, product design and pricing Moderate Financial Accounting I Focuses on assets and how to best preserve them when making decisions revenue and expense recognition Moderate Cost Accounting application of statistical tools and decision models to accounting data for the purpose of facilitating managerial control Statistics and analysis High computerized support Auditing

### Decision Support Systems And Business Intelligence: An Overview

1640 words - 7 pages Decision support systems and Business Intelligence: an overview Contents Course introduction 1–3 Module one objectives 1–3 Use of Study Guide 1–3 Suggested study schedule 1–4 Readings 1–4 Changing business environments and computerised decision support 1–4 Managerial decision-making 1–5 Computerised support for decision making: systems and technologies 1–5 The systems 1–5 The technologies 1–5 A framework for