2 Broad Overview

2 Broad Overview - Dr Harvey A Singer School of Management George Mason University OM210 Management Broad Overview 2007 by Harvey A Singer 1

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© 2007 by Harvey A. Singer 1 OM 210:  Statistical Analysis for  Management Broad Overview Dr. Harvey A. Singer School of Management George Mason University
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© 2007 by Harvey A. Singer 2 Purposes To characterize and represent: groups samples populations processes with time
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© 2007 by Harvey A. Singer 3 Terminology A population is the set of all the elements of interest in a study. A parameter is a numerical characteristic of a population. A sample is a subset drawn in some way from the population. A statistic is a numerical characteristic of the sample.
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© 2007 by Harvey A. Singer 4 Objectives For groups: characteristics of the sample are generalized to represent the population from which the sample was drawn. For processes: characteristics of the process observed in the past (the process history) and the present are used to predict the behavior of the process in the future.
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© 2007 by Harvey A. Singer 5 Goals To predict future behavior of the
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This note was uploaded on 01/26/2011 for the course OM 210 taught by Professor Singer during the Fall '08 term at George Mason.

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2 Broad Overview - Dr Harvey A Singer School of Management George Mason University OM210 Management Broad Overview 2007 by Harvey A Singer 1

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