Data in Management
1. Financial statement 2. Security prices and volumes and
interest rates 3. Sales reports 4. Market survey results 5. Money supply figures 6.Production quality measures
Examples of population
1.all of last years graduates of the
economic school 2.all currently employed workers in the United States 3.all of the consumers who bought a cellular phone last year 4.all currently registered voters in Ohio 5.all of the fires reported last month to Tulsa Oklahoma Fire Department.
inferential statistics
The methods used to determine
something about a population, based on a sample. Only 77 percent of high school seniors correctly totaled the cost of soup, a burger, fries, and a cola on a restaurant menu.
2、Analytical statistics
a branch of the discipline that is concerned with developing and utilizing techniques for properly analyzing numerical information. Because analyzing data means drawing inferences from them. this branch of statistics is also referred to as inferential statistics.