...is the application of organizational psychology which focuses on the human factor of business. Close examination of the root definition, roles of research and statistics, and utilization of organizational psychology within organizations will provide insight into just how the human factor contributes to the failure or success of an organization. The finely tuned sports team, that just achieved greatness, or the corporation that collapsed due to corruption contained one thing, people who had either a positive or negative impact on an organization. “Organizational psychology is field that utilizes scientific methodology to better understand the behavior of individuals working in organizational settings” (Jex & Britt, 2008, p.1). The simple explanation is to understand what makes people tick in an organizational environment such as a business. Once understood, the challenge to organizational psychology is to capitalize on dynamics of individual behaviors and build upon the success of the organization. The role of research and statistics in organizational psychology is crucial to understanding how an organization functions. Research is accomplished in numerous ways; archival data studies, survey studies, and observational studies gather information for researchers about employees in a business setting (Gantly, 2010). Information gathered through this type of research is utilized to determine data applicable to the study of organizational psychology. “Statistics reflect...
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...Institute of Management Sciences Peshawar Bachelors in Business Studies Course Plan Course Title: Statistics for Business Instructor: Shahid Ali Contact Email shahid.ali@imsciences.edu.pk Semester/Duration: 16 Weeks Course objectives : To introduce students to the concepts of statistics and to equip them with analytical tools to be used in business decision making. The course is intended to polish the numeric ability of the students to identify business problems, describe them numerically and to provide intelligible solutions by data collection and inferential principles. Course pre-requisites Intermediate statistics Attendance Policy: Late arrivals are highly discouraged. Any student coming late to a class late by 5 minutes after the scheduled start time will be marked as absent for the day. The teacher reserves discretion, however, to allow or disallow any student, to sit in the class in case of late arrivals. Attendance is not be entertained once the attendance register is closed. Class Project Students will be divided in groups for a class project. Each group will have to nominate a group leader. The details of the project will be made available to the group leader. Class Presentations Each student will have to make at least one individual presentation and one group presentation in the class. The group presentation will be on the project explained earlier. The individual presentations will...
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...Welcome to… π ∑θ Business statistics (MA-205) 1 Business Statistics π ∑θ Why study Business Statistics? • To become a better consumer of other people’s data • To facilitate communication • To improve computer skills • To overcome either too little or too much information • To develop technical literacy • To improve career mobility 2 Business Statistics π ∑θ Lecturer: Business Statistics Ammara 3 Business Statistics π ∑θ Lecture Overheads and Textbook Lecture overheads: posted on the Business Statistics Group Group name: business_statistics_bba Group home page: http://groups.yahoo.com/group/business_statistics_bba Group email: business_statistics_bba@yahoogroups.com before the week in which lectures are given. Textbook: Richard I. Lavin and David S. Rubin, “Statistics for Management”, Prentice Hall, New York,7th edition(2000) 4 Business Statistics π ∑θ • • • • Assessment Final Examination: Midterm Examination: Quizzes/Homework/Term Project: Total: 45% 35% 20% 100% 5 Business Statistics Regular work and study is the key to success π ∑θ • It can never be emphasised strongly enough how true this is for Business Statistics • This course rewards those students who put constant effort into it over the semester 6 Business Statistics π ∑θ How to do well in the class Statistics is a problem-solving subject. Practice in problem solving, and completing and understanding the assigned reading and...
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...dsStatistics is the study of the collection, organization, analysis, interpretation and presentation of data.[1][2] It deals with all aspects of data, including the planning of data collection in terms of the design of surveys and experiments.[1] The word statistics, when referring to the scientific discipline, is singular, as in "Statistics is an art."[3] This should not be confused with the word statistic, referring to a quantity (such as mean ormedian) calculated from a set of data,[4] whose plural is statistics ("this statistic seems wrong" or "these statistics are misleading"). More probability density is found the closer one gets to the expected (mean) value in a normal distribution. Statistics used in standardized testing assessment are shown. The scales include standard deviations, cumulative percentages, percentile equivalents, Z-scores, T-scores, standard nines, and percentages in standard nines. Contents [hide] * 1 Scope * 2 History * 3 Overview * 4 Statistical methods * 4.1 Experimental and observational studies * 4.2 Levels of measurement * 4.3 Key terms used in statistics * 4.4 Examples * 5 Specialized disciplines * 6 Statistical computing * 7 Misuse * 8 Statistics applied to mathematics or the arts * 9 See also * 10 References | ------------------------------------------------- Scope[edit] Some consider statistics a mathematical body of science that pertains to the collection, analysis, interpretation or explanation, and...
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... | | | |6:00pm to 10:00pm | | | |School of Business | | | |QNT/351 | | | |Quantitative Analysis for Business | | | |Dr. Jacquelyn B. Frausto | | Copyright © 2013, 2012, 2011 by University of Phoenix. All rights reserved. Course Description This course integrates applied business research and descriptive statistics. Students will learn to apply business research and descriptive statistics in making better business decisions. Other topics include examination of the role of statistics in research, statistical terminology, the appropriate use of statistical techniques, and interpretation of statistical findings in business and research. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged...
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...How to Write a Case Study Case Studies are a very effective promotional tool. Next to White Papers, they are the second most popular device used to promote the benefits of a product or service. With that in mind, if youve been commissioned to write a case study or are new to this area, this backgrounder might help. What is a Case Study? A case study demonstrates how a specific situation was initially identified, which solution was selected to resolve the issue, and a summary of the final results. |[pic] | | |In the IT world, case studies tend to be short; somewhere between 300-500 words. | |In general, aim for three pages, and include one graphic per page at most. Anything more and it looks like | |hard sell; case studies typically adopt a soft-sell approach. | |How to structure your case study | |There are three sections to a case study. | |Problem | |Implementation | |Results | |The opening 'problem' section must carry a punch. In other words, it has to mean something to...
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...BADB2013 BUSINESS STATISTICS Semester : September2014 Course Leader : Zainora Hayat Hudi @ Jahit Office Location : Faculty of Business and Information Technology Level 12, Tierra Crest, Jalan SS6/3 Kelana Jaya, 47301 Petaling Jaya, Selangor Telephone : 603-76277388 E-mail : zainora@unitar.my Consultation Hours : Wednesday 2.30pm – 4.30pm, Thursday 2.30pm-4.30pm OR by appointment Course Synopsis Business Statistics is the science of collecting, organizing, and summarizing data to provide information, stated in numerical form, for the purpose of making objective business decisions. Descriptive statistics will be the focus of the course with an abbreviated introduction to inferentialstatistics. Topics include the foundations of statistical methods of sampling, classifying, analyzing, and presenting numerical data; frequency and sampling distributions, averages, dispersion, hypothesis testing, and analyzing up to two populations and population proportions. The course will employ the use of an online statistics learning system for problem assignments, in conjunction with the text and lectures, in completing course coverage of each statistics topic. Course Objectives The goal of this course is to introduce students to the applications of statistics in business. Students should be able to appreciate the need for learning statistics and its importance in the real life business applications Learning Outcomes At the end of the course, students are able: 1. Prepare...
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... |Credit | |1. |Business Statistics |3 | |2. |Operations & Optimization Research |3 | |3. |Economics for Managerial Decision Making – II |2 | |4. |Management Information System & KM |2 | |5. |Human Resource Management |2 | |6. |Financial Management |2 | |7. |Executive Communication |6 | |8. |National Economic Planning – I (Presentation Only) |2 | |9. |National Economic Planning - II |2 | BUSINESS STATISTICS (As per University Syllabus) UNIT 1. BUSINESS STATISTICS - WHAT AND WHY? INTRODUCTION • Definition of statistics • Five stages of statistical investigation ...
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...Statistics in Business Lula Mae Blake QNT/351 May 4, 2015 Sara Skowronski Statistics in Business According to dictionary definition it is “the science that deals with the collection, classification, analysis, and interpretation of numerical facts or data, and that, by use of mathematical theories of probability, imposes order and regularity on aggregates of more or less disparate elements (2015).” Identify different types and levels of statistics Types and levels of statistics include: Descriptive statistics: numerical and graphical methods that observe patterns in data set to give a summary of the information so it can be presented in an understandable format. Inferential statistics: is sample data that comes up with estimates, decisions, predictions, or other general particulars about a larger set of data. Experimental unit: is a fundamental element – an object (person, thing, transaction, or event). Another fundamental is Population: which is a set of units including people, objects, transactions, or events used in a study. A sample is the subject of the units of a population. Variable: describes the character or property of an individual experimental unit. It is known as univariate data which is a study the looks at only one variable, and bivariate data that deals with the study or relationship of two variables. Measurement: is an important factor of studying variables, as is qualitative and quantitative variables. Describe...
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...Course Code: QTM 220 Credit Hours: Three Semester: 3rd Semester Prerequisite: QTM 160 Aims and Objectives: This main objective of this course is to provide wide application f the statistical tools in business management. It is also aims at to impart in-depth and rigorous knowledge to the business students to inculcate academic excellence in various fields of research and development, with special reference to business management. In addition it will provide necessary statistical knowledge and wide rage of ways to analyze data, which will improve the students statistical analytical and decision making skills. Session Lecture Outline Learning Objectives 01 Basic Probability and Discrete Probability Distributions Simple Probability To develop an understanding of basic probability concepts To introduce conditional probability To use Bayes’ Theorem to revise probabilities in light of new information To provide an understanding of the basic concepts of discrete probability distributions and their characteristics To develop the concept of mathematical expectation for a discrete random variable To introduce the covariance and illustrate its application in finance To present applications of the binomial distribution in business To present applications of the Poisson distribution in business 02 Counting Techniques 03 Continued 04 Conditional Probability 05 Discrete probability distribution. 06 Mathematical Expectation of Discrete Random...
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...Gujarat Technological University Syllabus for New MBA Program effective from Academic Year 2011-12 MBA I Semester I Accounting for Managers (AFM) 1. Course Objective: The objective of the course is to acquaint the students with the language of Accounting and to develop in them the ability to evaluate and use accounting data as an aid to decision making. The main purpose is to assist the students in developing skills in problem solving and decision making in the financial area. Emphasis is laid on analysis and utilization of financial and accounting data for planning and control. 2. Course Duration: The course duration is of 36 sessions of 75 minutes each i.e. 45 hours. 3. Course Contents: Module No: Module Content No. of Sessions 70 Marks (External Evaluation) 17 I II Fundamentals of Accounting Basic understanding of accounting, Accounting Concepts, Conceptual framework of financial statements, Accounting Policies, Journal Entries and preparation of accounts - Trial Balance to Balance sheet and profit and loss Account, Recognition of Income and Expenses, Provisions, Contingent Liabilities Accounting Standards and Applicability: Disclosure of Accounting Policies (AS-1), Valuation of Inventories (AS-2), Depreciation Accounting (AS-6), Income Recognition & Accrual Income (AS-9), Accounting of Fixed Assets (AS-10), Accounting for Intangible Assets (AS-26), Accounting for Investments (AS-13), 7 7 17 III IV V Preparing and Understanding Financial Statements...
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...Understanding Business Research Terms & Concepts: Part 2 Scott Allen RES 351 08/18/2014 Kim Gravelle Understanding Business Research Terms & Concepts: Part 2 “The research design is the blueprint for fulfilling objectives and answering questions. Selecting a design may be complicated by the availability of a large variety of methods, techniques, procedures, protocols, and sampling plans. (Cooper & Schindler 2014 p. 82). Next, the details of the study must be positioned in place. For example, will the researcher use primary or secondary data, surveys, experiments, or a combination of methods. Next, what will be the types of questions will be posed, open-ended or closed? If surveys and questionnaires are used what type of a scale will be used to measure the results; a rating scale, semantic differential, or a Likert scale? Also, the researcher must decide on whether to do sampling or perform a census. It is easy to see that the design method is what pulls the entire research process together; if the research question is the foundation, then the design processes utilized are the walls used to support the process itself. Descriptive statistics is the analysis of data that helps to describe the data in such a way to give relevance or show patterns, much like a census does. The researcher presents the data in a meaningful way like in statistical or graph form making it simple to understand. A census is an examination of all components that make up a population...
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...First Semester Curriculum MBA (Full Time) 2 Yrs. Program of D.A.V.V., Indore For Affiliated Institutions 1 DEVI AHILYA VISHWAVIDYALAYA, INDORE MASTER OF BUSINESS ADMINISTRATION (MBA) CURRICULUM FOR FULL-TIME COURSES FIRST YEAR First Semester SUBJECT CODE LIST OF SUBJECTS FT 101C FT 102C FT 103C FT 104C FT 105C FT 106C FT 107C FT 108C Management Principles and Practices Mathematics and Statistics for Managers Accounting for Managers IT and E-Business Fundamentals Business Environment Organization Behavior and Processes Business Communication Business Legislation 1-2 3-4 5-6 7-8 9-10 11-12 13-14 15-16 COURSES AND SYLLABUS FOR SECOND, THIRD AND FOURTH SEMESTER SHALL BE COMMUNICATED LATER. 2 FT-101C MANAGEMENT PRINCIPLES AND PRACTICES Course Objective The objective of this course is to help the students gain understanding of the functions and responsibilities of the manager, provide them tools and techniques to be used in the performance of the managerial job, and enable them to analyze and understand the environment of the organization. Examination The faculty member will award internal marks out of 20 (8 for Tests and 12 for class participation). The semester examination carrying 80 marks will have two sections A and B. Section A worth 60 marks will have 6 theory questions out of which students will be required to attempt any four questions. Section B carrying 20 marks will contain one or more cases. Cases prescribed below are only for classroom...
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...Statistics as a discipline is the development and application of methods, and a collection of mathematical techniques that help to collect, analyze, interpret, and present data. Modern statistical methods involve associated tasks such as the designing and analyzing of experiments and surveys, the quantification of biological, social and scientific phenomenon and the application of statistical principles to understand more about the world around us. Statistics can also imply a second meaning, which is the computed quantity with the help of statistical methods. Thus, it could be said that the main statistics of a particular study are the median age and income of the group. Thus statistics can imply a statistical parameter as well. Statistics can be applied to various different problems and situations but the underlying concepts all remain the same. It can also be broadly classified into descriptive statistics and inferential statistics. The ideas of presenting data and drawing relevant inferences are central to the successful use of statistical theory. In the end, the statistical analysis should be able to tell us something concrete about the sample that we are studying. A number of errors are possible in the interpretation of statistical results and a careful analysis needs to be made to prevent these errors. Basically, statistics is applicable in a variety of fields, and business is not exclusive. Decision making in business is a complex thing. It is not something like “I...
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...Statistics in Business Jeannie Gilmore QNT/351 January 12, 2015 Daniel Puente Summary Statistics are defined as the review of the examination, statistics compilation, and configuration of the information that is taken to mean by a certain occupational line of work. Statistics chief emphasis is generally dispensing the groundwork of the information gathering in the development of crafting the evaluations and trials. While using statistics, one must know that there are two key forms of fact findings, these findings are referred to as inferential and descriptive statistics. A descriptive statistical objective is to summarize information arrangements, in place of using information received from a specified people set. Inferential statistics refer to unlike classifications of methodology that depict inferences from ascending datasets exaggerated by unplanned variants. Methods of Statistics Various methods of statistics exist at present; experimental method, observational study and level of measurement. The experimental method uses numerous diverse processes which include research planning, experiment design, conducting experiments, extended investigation of the findings, and recording the conclusion. Observational study surveys the relationship concerning cell phones and brain cancer. The level of measurement has four stages; interval measurement, nominal, ordinal, and ratio. Each level of measurement varies in distinction...
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