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powerpoints - DS212 Busine S ss tatistics Introduction SS...

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1 DS 212: Business Statistics Introduction Sada Soorapanth Decision Sciences Spring 2010
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2 What is Statistics? Statistics is the art and science of collecting, analyzing, presenting and interpreting data * . *Anderson, Sweeney and William, 4 th ed.
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3 Statistics in Business Accounting Public accounting firms use statistical sampling procedures when conducting audits for their clients. Finance Financial analysts use a variety of statistical information to guide their investment recommendations.
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4 Statistics in Business (cont.) Marketing Point-of-sale scanner data can be analyzed and used to understand the relationship between promotional activities and sales. Such analysis can be used to plan future marketing strategies for various products. Production Statistical quality control techniques (such as control charts) can be used to monitor the output of production process.
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5 Descriptive Statistics Use data gathered on a group to describe or reach conclusions about that same group
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This note was uploaded on 09/10/2011 for the course DS 212 taught by Professor Saltzman during the Spring '08 term at S.F. State.

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powerpoints - DS212 Busine S ss tatistics Introduction SS...

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