Chapter 1 Notes

Chapter 1 Notes - I. Chapter 1: Data and Statistics A. What...

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Unformatted text preview: I. Chapter 1: Data and Statistics A. What is Business Statistics? 1. Business Statistics encompasses methods of utilizing data for purposes of making better business decisions. 2. With the wealth of information available today, businesspersons needs to know how to use information efficiently and effectively for better decision making. B. Future Statistical Involvement 1. practitioner of statistics 2. consumer of statistical claims C. Applications in Business and Economics (Section 1.1) 1. Accounting In auditing, staff selects a random sample of accounts in order to estimate the amount of accounts receivable. This should closely match that reported by the company. 2. Finance Financial Analysts can use P/E ratio, with other information, to help recommend buy, sell, or hold. http://www.investopedia.com/terms/p/price-earningsratio.asp Price-Earnings Ratio - P/E Ratio A valuation ratio of a company's current share price compared to its per-share earnings. Calculated as: For example, if a company is currently trading at $43 a share and earnings over the last 12 months were $1.95 per share, the P/E ratio for the stock would be 22.05 ($43/$1.95). EPS is usually from the last four quarters (trailing P/E), but sometimes it can be taken from the estimates of earnings expected in the next four quarters (projected or 3. Marketing October 19, 2006 8:10 am ET Apple's Mac market share tops 5% with over 30% growth By Jim Dalrymple Apple topped all computer companies posting over 30 percent year-over-year growth rate in its Macintosh market share. According to two market research firms, Apples computer market share has surpassed 5 percent. Apple shipped 1,610,000 Macs and 8,729,000 iPods during the quarter, representing 30 percent growth in Macs and 35 percent growth in iPods over the year-ago quarter....
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Chapter 1 Notes - I. Chapter 1: Data and Statistics A. What...

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