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1、Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-1,Chapter 1 Introduction and Data Collection,Business Statistics: A First Course Fifth Edition,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-2,Learning Objectives,In this chapter you learn: How Statisti
2、cs is used in business The sources of data used in business The types of data used in business The basics of Microsoft Excel The basics of Minitab,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-3,Why Learn Statistics?,So you are able to make better sense of the ubiquitous us
3、e of numbers: Business memos Business research Technical reports Technical journals Newspaper articles Magazine articles,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-4,What is statistics?,A branch of mathematics taking and transforming numbers into useful information for d
4、ecision makers Methods for processing & analyzing numbers Methods for helping reduce the uncertainty inherent in decision making,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-5,Why Study Statistics?,Decision Makers Use Statistics To: Present and describe business data and i
5、nformation properly Draw conclusions about large groups of individuals or items, using information collected from subsets of the individuals or items. Make reliable forecasts about a business activity Improve business processes,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-
6、6,Types of Statistics,Statistics The branch of mathematics that transforms data into useful information for decision makers.,Descriptive Statistics Collecting, summarizing, and describing data,Inferential Statistics Drawing conclusions and/or making decisions concerning a population based only on sa
7、mple data,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-7,Descriptive Statistics,Collect data e.g., Survey Present data e.g., Tables and graphs Characterize data e.g., Sample mean =,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-8,Inferential Statis
8、tics,Estimation e.g., Estimate the population mean weight using the sample mean weight Hypothesis testing e.g., Test the claim that the population mean weight is 120 pounds,Drawing conclusions about a large group of individuals based on a subset of the large group.,Business Statistics: A First Cours
9、e, 5e 2009 Prentice-Hall, Inc.,Chap 1-9,Basic Vocabulary of Statistics,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-10,Basic Vocabulary of Statistics,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-11,Population vs. Sample,Population,Sample,Measures
10、 used to describe the population are called parameters,Measures computed from sample data are called statistics,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-12,Why Collect Data?,A marketing research analyst needs to assess the effectiveness of a new television advertisemen
11、t. A pharmaceutical manufacturer needs to determine whether a new drug is more effective than those currently in use. An operations manager wants to monitor a manufacturing process to find out whether the quality of the product being manufactured is conforming to company standards. An auditor wants
12、to review the financial transactions of a company in order to determine whether the company is in compliance with generally accepted accounting principles.,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-13,Sources of Data,Primary Sources: The data collector is the one using
13、the data for analysis Data from a political survey Data collected from an experiment Observed data Secondary Sources: The person performing data analysis is not the data collector Analyzing census data Examining data from print journals or data published on the internet.,Business Statistics: A First
14、 Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-14,Sources of data fall into four categories,Data distributed by an organization or an individual A designed experiment A survey An observational study,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-15,Types of Variables,Categorica
15、l (qualitative) variables have values that can only be placed into categories, such as “yes” and “no.” Numerical (quantitative) variables have values that represent quantities.,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-16,Types of Data,Examples: Marital Status Political
16、 Party Eye Color (Defined categories),Examples: Number of Children Defects per hour (Counted items),Examples: Weight Voltage (Measured characteristics),Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-17,Personal Computer Programs Used For Statistics,Minitab A statistical pack
17、age to perform statistical analysis Designed to perform analysis as accurately as possible Microsoft Excel A multi-functional data analysis tool Can perform many functions but none as well as programs that are dedicated to a single function. Both Minitab and Excel use worksheets to store data,Busine
18、ss Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-18,Minitab & Microsoft Excel Terms,When you use Minitab or Microsoft Excel, you place the data you have collected in worksheets. The intersections of the columns and rows of worksheets form boxes called cells. If you want to refer to
19、a group of cells that forms a contiguous rectangular area, you can use a cell range. Worksheets exist inside a workbook in Excel and inside a Project in Minitab. Both worksheets and projects can contain both data, summaries, and charts.,Business Statistics: A First Course, 5e 2009 Prentice-Hall, Inc.,Chap 1-19,You are using program
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