Scribd Logo
Upload

Welcome to Scribd!

  • 46 views

    Levin Chapter 1

    Uploaded by

    Vibhav Mathur
    Levin Stats for management Chapter 1

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Levin Chapter 1

    Uploaded by

    Vibhav Mathur
    46 views4 pages
    Levin Stats for management Chapter 1

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Levin Stats for management Chapter 1

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    46 views4 pages

    Levin Chapter 1

    Uploaded by

    Vibhav Mathur
    Levin Stats for management Chapter 1

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 4

    Chapter 1

    Copyright © 2013 Dorling Kindersley (India) Pvt. Ltd.


    Introduction

    Statistics for Management, 7e Authors: Sanjay Rastogi and Masood H. Siddiqui


    Who Uses Statistics Anyhow?

    • “Statistics are like a bikini. What they reveals is suggestive,

    Copyright © 2013 Dorling Kindersley (India) Pvt. Ltd.


    but what they conceal is vital”
    Aaron Lovenstein

    • The word statistics means different things to different people.

    • To a football fan, statistics are rushing, passing and first down


    numbers. To FDA, statistics is the likelihood of undesirable
    effects in the general population using the new prostate drug
    etc.
    • Each of these people using statistics correctly, yet each person
    uses it in a different way.

    Statistics for Management, 7e Authors: Sanjay Rastogi and Masood H. Siddiqui


    History

    • The word statistik comes from Italian word statistia which

    Copyright © 2013 Dorling Kindersley (India) Pvt. Ltd.


    means "statesman".

    • First used by Gottfried Achenwall (1719–72).

    • Long before the 18th century, people had been recording and
    using data.

    • Official government statistics are as old as recorded history.

    • The old testaments contain several accounts of census taking.

    Statistics for Management, 7e Authors: Sanjay Rastogi and Masood H. Siddiqui


    Subdivisions Within Statistics

    • Statistical techniques can be commonly separated into two

    Copyright © 2013 Dorling Kindersley (India) Pvt. Ltd.


    broad categories:
    Descriptive statistics
    Inferential statistics.

    • Graphs, tables and charts that display data so that they are
    easier to understand are examples of descriptive statistics.

    • The process of estimation of any parameter is referred as


    statistical inference.

    • The method and techniques of statistical inference can be


    used in decision theory, making decisions under conditions of
    uncertainty.
    Statistics for Management, 7e Authors: Sanjay Rastogi and Masood H. Siddiqui

    You might also like