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Basics of
Objectives
• Explain What is Statistics
• Describe the Uses of Statistics
• Explain the Types of Variables
• Explain the Major Sources of Data
• Explain the Key Terms of Statistics
• Explain the Steps for Presentation of Data
• Explain the Various Measures of Central Tendency
• Explain the Methods of Graphical Presentation of Data
• Explain What is a Frequency Distribution Table
• Explain What is Probability
• Explain What is Combination
• Explain What is Permutation
• Explain What is Variance
• Explain What is Standard Deviation
• Describe the Types of Discrete Distributions
Introduction
Liu Chang works as a team leader in
the Learning & Development (L&D)
Department at Helios Inc.
In his recent appraisals, Liu has been
promoted as the Assistant Manager.
Introduction
Therefore, the main focus
of Liu in his new role
would be to collect and
analyze data regarding
the various skills of
employees, their areas of
improvement, areas
where they need to
develop new skill sets etc.
Introduction
Liu found that in his new role, he is
constantly required to analyze
large amounts of data.
He has assigned one of his
subordinates, Kate to collect
various data related to his queries.
However, Liu found that when
Kate collected the data and
collated it all in the form of graphs,
Liu was just not able to understand
the data.
Introduction
Kate collected the data
and represented it in
the form of a pie-chart
so that Liu could analyze
and interpret the data
at a glance.
However, Liu could not
understand the pie-
chart and interpret it.
Introduction
Instead he chose to go
through almost 20
pages of data that Kate
had collected for the
purpose.
Yet, Liu could not make
any sense of all the 20
pages.
This was because he
could not see the
complete data in a
snapshot as was shown
by the pie-chart.
Introduction
Hence, Liu understood that it
was important for him to learn
and understand Statistics to
succeed in his new role.
Statistics is the branch of
applied mathematics that is
concerned with the collection,
organization, analysis,
interpretation and
presentation of quantitative
data.
Introduction
Therefore, you can
understand that it is crucial
that you have a good grasp
of statistics to succeed in the
corporate world. This is
because in any organization,
almost all information is
represented in the form of
data that is communicated
through reports. Large
chunks of such quantitative
data is collected, organized
and presented using statistics
in a concise form to help
people analyze and interpret
the data for their purposes.
What is Statistics?
Statistics is the branch of
applied mathematics that is
concerned with the collection,
organization, analysis,
interpretation and presentation
of quantitative data.
The data required for statistics is
collected through surveys and
experiments and statistics also
deals with the planning of data
collection.
It helps in gaining a better understanding of a
phenomenon of nature.
It helps in capturing and getting the exact description of a
phenomenon of nature.
In any field of study, statistics helps in conducting in a
proper organized and efficient planning of a statistical
inquiry.
Statistics is a very important branch of mathematics and it has
several uses such as follows:
Uses of Statistics
Types of Variables
Variables can be classified as follows:
Qualitative Variables
Types of Variables
Quantitative Variables
Continuous
Random Variables
Discrete Random
Variables
Let us look at each in detail.
Major Sources of Data
There are two main sources of data for collecting information for statistical
experiments such as follows:
•
‘Primary Data’ is the
data that is collected
for the first time
during the research.
•
‘Secondary Data’ is the data which is
already available and published data
that had been collected for some
other purpose, but can be used for
the present research also.
Steps for Presentation of Data
The following are the steps involved in
presentation of data:
Classification of
Data
Step
1
Step
2
Step
3
Step
4
Step
5
Frequency
Distribution of
Data
Graphic
Representation
of Data
Tabulation of
Data
Diagrammatic
Presentation of
Data
Let us look at each in detail.
Methods of Graphical Presentation of Data
There are various kinds of graphs that can be used for presenting the data in a
graphical form. Some of the most commonly used graphs in statistics for
presenting the data graphically are as follows:
Let’s look at each in detail.
Histogram
Pie Chart
Bar Graph/Bar Chart
Frequency Polygons
Line Graph
Scatter Chart/Scatter Diagrams/Dot Plot
Ogive
Venn Diagram
Stem-and-leaf Plots
Box-and-whisker Plots/Box Plots
This is a DEMO Course On – Basics of Statistics.
Join MSG Premium Membership and Get Access to around
120 Courses + New courses added every week.
What You Get:
1. View All Courses Online.
2. Download Powerpoint Presentation for Each Course.
3. Do the Knowledge Checks for Each Course.
ManagementStudyGuide.com

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Basics-of-Statistics-Demo.pptx

  • 2. Objectives • Explain What is Statistics • Describe the Uses of Statistics • Explain the Types of Variables • Explain the Major Sources of Data • Explain the Key Terms of Statistics • Explain the Steps for Presentation of Data • Explain the Various Measures of Central Tendency • Explain the Methods of Graphical Presentation of Data • Explain What is a Frequency Distribution Table • Explain What is Probability • Explain What is Combination • Explain What is Permutation • Explain What is Variance • Explain What is Standard Deviation • Describe the Types of Discrete Distributions
  • 3. Introduction Liu Chang works as a team leader in the Learning & Development (L&D) Department at Helios Inc. In his recent appraisals, Liu has been promoted as the Assistant Manager.
  • 4. Introduction Therefore, the main focus of Liu in his new role would be to collect and analyze data regarding the various skills of employees, their areas of improvement, areas where they need to develop new skill sets etc.
  • 5. Introduction Liu found that in his new role, he is constantly required to analyze large amounts of data. He has assigned one of his subordinates, Kate to collect various data related to his queries. However, Liu found that when Kate collected the data and collated it all in the form of graphs, Liu was just not able to understand the data.
  • 6. Introduction Kate collected the data and represented it in the form of a pie-chart so that Liu could analyze and interpret the data at a glance. However, Liu could not understand the pie- chart and interpret it.
  • 7. Introduction Instead he chose to go through almost 20 pages of data that Kate had collected for the purpose. Yet, Liu could not make any sense of all the 20 pages. This was because he could not see the complete data in a snapshot as was shown by the pie-chart.
  • 8. Introduction Hence, Liu understood that it was important for him to learn and understand Statistics to succeed in his new role. Statistics is the branch of applied mathematics that is concerned with the collection, organization, analysis, interpretation and presentation of quantitative data.
  • 9. Introduction Therefore, you can understand that it is crucial that you have a good grasp of statistics to succeed in the corporate world. This is because in any organization, almost all information is represented in the form of data that is communicated through reports. Large chunks of such quantitative data is collected, organized and presented using statistics in a concise form to help people analyze and interpret the data for their purposes.
  • 10. What is Statistics? Statistics is the branch of applied mathematics that is concerned with the collection, organization, analysis, interpretation and presentation of quantitative data. The data required for statistics is collected through surveys and experiments and statistics also deals with the planning of data collection.
  • 11. It helps in gaining a better understanding of a phenomenon of nature. It helps in capturing and getting the exact description of a phenomenon of nature. In any field of study, statistics helps in conducting in a proper organized and efficient planning of a statistical inquiry. Statistics is a very important branch of mathematics and it has several uses such as follows: Uses of Statistics
  • 12. Types of Variables Variables can be classified as follows: Qualitative Variables Types of Variables Quantitative Variables Continuous Random Variables Discrete Random Variables Let us look at each in detail.
  • 13. Major Sources of Data There are two main sources of data for collecting information for statistical experiments such as follows: • ‘Primary Data’ is the data that is collected for the first time during the research. • ‘Secondary Data’ is the data which is already available and published data that had been collected for some other purpose, but can be used for the present research also.
  • 14. Steps for Presentation of Data The following are the steps involved in presentation of data: Classification of Data Step 1 Step 2 Step 3 Step 4 Step 5 Frequency Distribution of Data Graphic Representation of Data Tabulation of Data Diagrammatic Presentation of Data Let us look at each in detail.
  • 15. Methods of Graphical Presentation of Data There are various kinds of graphs that can be used for presenting the data in a graphical form. Some of the most commonly used graphs in statistics for presenting the data graphically are as follows: Let’s look at each in detail. Histogram Pie Chart Bar Graph/Bar Chart Frequency Polygons Line Graph Scatter Chart/Scatter Diagrams/Dot Plot Ogive Venn Diagram Stem-and-leaf Plots Box-and-whisker Plots/Box Plots
  • 16. This is a DEMO Course On – Basics of Statistics. Join MSG Premium Membership and Get Access to around 120 Courses + New courses added every week. What You Get: 1. View All Courses Online. 2. Download Powerpoint Presentation for Each Course. 3. Do the Knowledge Checks for Each Course. ManagementStudyGuide.com