DoingDoing Statistics for BusinessStatistics for Business Data, Inference, and Decision Making

Marilyn K. PelosiTheresa M. Sandifer

PowerPoint SlidesPowerPoint Slides

2000 JWS, Inc.

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Doing Statistics for Business

Chapter 1 Objectives

Dispelling the Myths About StatisticsWhat Managers Should Know About

StatisticsStatistical Thinking -- A New Paradigm of

Management

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Doing Statistics 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

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Doing Statistics 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

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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.

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Doing Statistics for Business

Discovery Exercise 1.1Starting to Think Statistically

Part I. Reduction in Sick Days UsedThe data on the number of sick days used by each employee used in the past 12 months are:

Participative Traditional 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

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Doing Statistics for Business

Statistics is a branch of mathematicsdealing with the analysis and interpretationof masses of data.

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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.