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Why you should love
statistics
By Srijani Das
NUMERACY
• Deals with numbers
• Mathematical approach
• Usage in daily life
WHY PEOPLE ARE
SCARED ABOUT
NUMERACY
• LACK OF
MATHEMATICAL
SENSE
• EMBRASSMENT OF
WRONG ANSWERS
• POOR BASIC
CONCEPTS
STATISTICS
SCIENCE OF US
BASIC NEEDS OF STATISTICS
• DATA EASILY ACCESSIBLE
• PRACTICALLY ACCURACY
• DEALS WITH LARGE
VARIETY OF DATASETS
I never
believe in
Statistics if I
didn’t make
it myself .
MANAGEMENT
&
STATISTICS
CONSUMERS ARE
STATISTICS, CUSTOMERS ARE
PEOPLE
STATISTICS IN MANAGEMENT
DECISION MAKING
• OPERATIONAL VALUE
• LONG-TERM FORECAST
FOR STRATEGIC
PLANNING
• RESEARCH VALUE
MARKETING MANAGER
• COLLECT AND ANALYZE A
LARGE AMOUNT OF DATA
• SAMPLING TECHNIQUES
PRODUCT MANAGER
• IMPROVE PRODUCTIVITY AND
QUALITY
• HIGHER PROFITS
• APPLICATION OF CONTROL
CHARTS
HR MANAGER
• TO UNDERSTAND
UNDERLYING FACTORS
• TO MEASURE ATTRITION
FINANCE MANAGER
• TO CRUNCH
FINANCIAL DATA
• TO ENHANCE
COMPETENCY
CONCLUSION
MANAGERS WITH GOOD STATISTICS
ARE ALWAYS WELL ORGANIZED ,
CONSTRUCTIVE AND SUCCESSFUL .
CREDITS
WEBSITES :
1. WWW.SMALLBUSINESS.CHRON.COM
2. WWW.EMATHZONE.COM
3. WWW.IBA.AC.IN
4. WWW.SLIDESHARE.NET
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