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PowerPoint Slides  2000 JWS, Inc.

Doing Statistics for Business Data, Inference, and Decision Making Marilyn K. Pelosi Theresa M. Sandifer. PowerPoint Slides  2000 JWS, Inc. Doing Statistics for Business. Chapter 1 Objectives Dispelling the Myths About Statistics What Managers Should Know About Statistics

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PowerPoint Slides  2000 JWS, Inc.

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  1. DoingStatistics for BusinessData, Inference, and Decision MakingMarilyn K. PelosiTheresa M. Sandifer PowerPoint Slides 2000 JWS, Inc.

  2. DoingStatistics for Business Chapter 1 Objectives • Dispelling the Myths About Statistics • What Managers Should Know About Statistics • Statistical Thinking -- A New Paradigm of Management

  3. DoingStatistics for Business Chapter 1 Objectives (con’t) • Management Themes and Problem Solving Steps • Some Situations That Call for Statistical Thinking • Key Components of Statistical Thinking • Use of Excel and Other Statistical Software

  4. DoingStatistics for Business TRY IT NOW! Myths and Fears Identifying Some of Your Own Be honest. Write down your myths and fears about this subject right now Get them out in the open so you can deal with them directly and put them behind you. For example: *I am afraid of all the math in this course

  5. Doing Statistics for Business A Paradigm is commonly used today to mean a model, theory, perception, assumption, or frame of reference. It was originally a scientific term.

  6. Doing Statistics for Business Discovery Exercise 1.1 Starting to Think Statistically Part I. Reduction in Sick Days Used The data on the number of sick days used by each employee used in the past 12 months are: ParticipativeTraditional 1 3 5 5 6 0 5 6 7 9 1 4 5 6 7 3 5 7 7 9 2 4 4 6 8 4 6 7 7 10 2 4 5 6 8 4 6 7 8 11 3 4 5 6 8 5 6 7 8 11

  7. Statistics is a branch of mathematics dealing with the analysis and interpretation of masses of data. Doing Statistics for Business

  8. Doing Statistics for Business Chapter 1 Summary In this chapter you have learned: • It is important for today’s business professional to know how to use the tools of statistics. • Quality is one of the key issues facing businesses today. • At the foundation of the quality movement lies the field of statistics.

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