Homework Introduction: Applied Statistics for Business and Economics
MBA at NUM (Cambodia), Room: 15F, Group 12, 5:30 PM – 8:30 PM
Reference: Mr. Pheath Rithy
What is statistics?
- Statistics is a discipline which is concerned with:
- designing experiments and other data collection,
- summarizing information to aid understanding,
- drawing conclusions from data, and
- Estimating the present or predicting the future.
- Statistics is the scientific application of mathematical principles to the collection, analysis, and presentation of numerical data. Statisticians contribute to scientific enquiry by applying their mathematical and statistical knowledge to the design of surveys and experiments; the collection, processing, and analysis of data; and the interpretation of the results.
- Statistics as a discipline is the development and application of methods to collect, analyze and interpret data. Modern statistical methods involve the design and analysis 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. Since data are used in most areas of human endeavor, the theory and methods of modern statistics have been applied to a wide variety of fields. Some areas that use modern statistical methods are the medical, biological and social sciences, economics, finance, marketing research, manufacturing and management, government, research institutes and many more. Exciting new areas are opening up, due to developments in areas such as biotechnology, survey research and computing.
What statistics do in business?
Applied Statistics in Business and Economics offers an Excel focused approach to using statistics in business. All statistical concepts are illustrated with applied examples immediately upon introduction. Modern computing tools and applications are introduced, and the text maintains a strong focus on presenting statistical concepts as applied in business. Interpretation is heavily emphasized, enabling students to take full advantage of Excel to develop and drive problem-solving skills.
This course is for graduates working with statistics in a business environment who wish to extend their knowledge and take a postgraduate qualification in statistics, but whose first degree is in another discipline.
Normally your first degree should contain some mathematics or statistics such as economics, business and accounting.
The course produces management statisticians with a strong background in the methodology and theory of statistics who can apply these in a business and finance context.
While we cover all necessary theory, we emphasise throughout the course applying and adapting statistics to business-related problems.
You study a wide range of core modules that deal with theoretical and practical statistical topics. You also choose from optional modules that allow you to tailor your studies to your interests.
The main feature of this route is its distance learning delivery. This flexible style of learning makes it ideal to fit in with your working life and other commitments.