View
228
Download
0
Category
Preview:
Citation preview
8/18/2019 Levine Smume7 Ch00
1/22
Statistics for Managers Using Microsoft Excel ® 7e Copyright ©2014 Pearson Education !nc" Chap LGS-1
Statistics for Managers UsingMicrosoft Excel ®
7th Edition
Let’s Get Started
8/18/2019 Levine Smume7 Ch00
2/22
Statistics for Managers Using Microsoft Excel ® 7e Copyright ©2014 Pearson Education !nc" Chap LGS-2
Learning Objectives
In this chapter you learn:
That the volue o! data that e"ists in the #orld a$es learning
about statistics criticall% iportant
That statistics is a #a% o! thin$ing that can help %ou a$e
better decisions
&hat business anal%tics is and ho# these techni'ues
represent an opportunit% !or %ou
(o# the )CO*+ !rae#or$ !or appl%ing statistics can help %ou
solve business probles (o# to a$e best use o! this boo$
(o# to prepare !or using ,icroso!t E"cel® #ith this boo$
8/18/2019 Levine Smume7 Ch00
3/22
n Toda%.s /usiness &orld 0ou
Cannot Escape ro )ata
n toda%.s digital #orld ever increasing aounts
o! data are gathered stored reported on and
available !or !urther stud%3
0ou hear the #ord data ever%#here3
)ata are !acts about the #orld and are
constantl% reported as nubers b% an ever
increasing nuber o! sources3
Statistics for Managers Using Microsoft Excel ® 7e Copyright ©2014 Pearson Education !nc" Chap LGS-4
8/18/2019 Levine Smume7 Ch00
4/22
Each /usiness 5erson aces + Choice O!
(o# To )eal &ith This E"plosion O! )ata
The% can ignore it and hope !or the best3
The% can count on other people.s suaries o!data and hope the% are correct3
The% can develop their o#n capabilit% and
insight into data b% learning about statistics and
its application to business3
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-6
8/18/2019 Levine Smume7 Ch00
5/22
Statistics s Evolving So /usinesses Can
se The *ast +ount O! )ata +vailable
The eerging !ield o! /usiness +nal%tics a$es
8e"tensive use o!9 )ata
Statistical and 'uantitative anal%sis
E"planator% : predictive odels
act based anageent
to drive decisions and actions3;
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-
8/18/2019 Levine Smume7 Ch00
6/22
To 5roperl% +ppl% Statistics 0ou Should ollo# +
rae#or$ To ,inii=e 5ossible Errors
n this boo$ #e #ill use )CO*+
Define the data %ou #ant to stud% in order to
solve a proble or eet an objective Collect the data !ro appropriate sources
Organize the data collected b% developing
tables Visualize the data b% developing charts
Analyze the data collected to reach
conclusions and present results
Chap LGS->Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc"
8/18/2019 Levine Smume7 Ch00
7/22
sing The )CO*+ rae#or$
(elps 0ou To +ppl% Statistics To9
Suari=e : visuali=e business data
?each conclusions !ro those data
,a$e reliable !orecasts about business
activities
prove business processes
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-7
8/18/2019 Levine Smume7 Ch00
8/22
)eveloping Operational )e!initions s
Crucial To +void Con!usion @ Errors
+n operational de!inition is a clear and precise
stateent that provides a coon understanding
o! eaning
n the absence o! an operational de!inition
iscounications and errors are li$el% to occur3
+rriving at operational de!initionAsB is a $e% part o!
the )e!ine step o! )CO*+
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-
)CO*+
8/18/2019 Levine Smume7 Ch00
9/22Chap LGS-D
Operational )e!initions O! Ters
VARIAL!
A characteristic of an item or individual.
DA"A
The set of individual values associated with a variable.
S"A"IS"ICSThe methods that help transform data into usefulinformation for decision makers.
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc"
)CO*+
8/18/2019 Levine Smume7 Ch00
10/22
8/18/2019 Levine Smume7 Ch00
11/22
&ithout Statistics 0ou Can.t
)eterine i! the nubers in these studies are
use!ul in!oration
*alidate clais o! causalit%
See patterns that large aounts o! data
soeties reveal
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-11
8/18/2019 Levine Smume7 Ch00
12/22Chap LGS-12
T#o )i!!erent /ranches O!
Statistics +re sed n /usiness
StatisticsThe branch of mathematics that transforms data intouseful information for decision makers.
Descripti#e Statistics
Collecting, summarizing, presenting and analyzing data
Inferential Statistics
Using data collected from asmall group to draw conclusionsabout a larger group
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc"
8/18/2019 Levine Smume7 Ch00
13/22
/usiness +nal%tics9 The
Changing ace O! Statistics
se statistical ethods to anal%=e and e"plore
data to uncover un!oreseen relationships3
se anageent science ethods to developodels that ipact an organi=ation.s strateg%
planning and operations3
se in!oration s%stes ethods to collect andprocess data sets o! all si=es including ver%
large data sets that #ould other#ise be hard to
e"aine e!!icientl%3
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-14
8/18/2019 Levine Smume7 Ch00
14/22
/usiness +nal%tics (as +lread% /een +pplied n
,an% /usiness )ecision-,a$ing Conte"ts
(uan resource anagers A(?B understanding
relationships bet#een (? drivers $e% business
outcoes eplo%ee s$ills capabilities and otivation3
inancial anal%sts deterining #h% certain trends occurto predict !uture !inancial environents3
,ar$eters driving lo%alt% progras and custoer
ar$eting decisions to drive sales3
Suppl% chain anagers planning and !orecasting based
on product distribution and optii=ing sales distribution
based on $e% inventor% easures3
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-16
8/18/2019 Levine Smume7 Ch00
15/22
The Gro#th O! 8/ig )ata; Spurs The se
O! /usiness +nal%tics
8/ig )ata; is still a !u==% concept3
*er% large data sets are arising because o! theautoatic collection o! high volues o! data at
ver% !ast rates3
Older statistical techni'ues are o!ten ties
ipractical #ith big data3
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-1<
8/18/2019 Levine Smume7 Ch00
16/22
(o# To se This /oo$
The sing Statistics scenario at the beginning and
end o! each chapter provide + real business situation that the chapter.s topics can help
address
Conte"t #hich is an iportant part o! the learning process
)o#nloadable e"aple E"cel® #or$sheets are
provided throughout each chapter uerous case studies are provided so %ou can
+ppl% #hat %ou have learned
Enhance %our anal%tical : counication s$ills
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-1>
8/18/2019 Levine Smume7 Ch00
17/22
,icroso!t E"cel s The 5riar% )ata
+nal%sis +pplication n ,icroso!t O!!ice
E"cel uses #or$sheets AspreadsheetsB to both store data
and present anal%sis results
+ #or$sheet has ro#s and coluns
The intersection o! a speci!ic ro# and colun is called acell and is #here data is stored
Standard business practice is to store the data
associated #ith a variable in a colun
E"cel saves !iles that it calls #or$boo$s + #or$boo$ is a collection o! #or$sheets and chart
sheets
+n e"cel !ile is t%picall% saved in an 3"ls" or 3"ls !orat
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-17
8/18/2019 Levine Smume7 Ch00
18/22
(o# Can se E"cel &ith This
/oo$
E"cel can be used to learn and appl% the statistical
ethods discussed in this boo$
E"cel can be used b% utili=ing the E"cel add-in
5(Stat 5(Stat is available !ree !or users o! this boo$
5(Stat sipli!ies the tas$ o! operating E"cel
E"cel can also be used via !n$%epth Excel !n$%epth Excel instructions use teplates !or a speci!ic
statistical solution
The E"cel Guides e"plain ho# to use either ethod
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-1
C ti S$ill d d
8/18/2019 Levine Smume7 Ch00
19/22
Coputing S$ills eeded or
This /oo$
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-1D
asic Co$puting S%ills Specifics
denti!ication o! E"cel Title bar inii=e@resi=e@close buttons scroll bars
application #indo# objects !orula bar #or$boo$ area cell pointer3
O!!ice ?ibbon parts9 tab group galler% launcher
button
Shortcut ApopupB enu
Ino#ledge o! ouse Clic$ Aalso called selectB chec$ and clear doubleclic$
operations right-clic$ drag@drag-and-drop
denti!ication o! dialog bo" Coand button list bo" drop-do#n list edit bo"
Objects option button chec$ bo"
asic &icrosoft Office S%ills Specifics
E"cel data entr% Organi=ing #or$sheet data in coluns entering
nuerical and categorical data
ile operations Open save print
&or$sheet operations Create cop%
E l S$ill d d Th !
8/18/2019 Levine Smume7 Ch00
20/22
E"cel S$ills eeded or The !n$
%epth Excel +pproach
Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-2
S%ill Specifics
orula s$ills Concept o! a !orula cell re!erences
absolute and relative cell re!erences ho# to
enter a !orula ho# to enter an arra%
!orula
&or$boo$ presentation (o# to appl% !orat changes that a!!ect the
displa% o! #or$sheet cell contents
Chart !oratting correction (o# to correct the !oratting o! charts thatE"cel iproperl% creates
)iscrete histogra creation (o# to create a properl% !oratted
histogra !or a discrete probabilit%
distribution
8/18/2019 Levine Smume7 Ch00
21/22Statistics for Managers Using Microsoft Excel# 7e Copyright ©2014 Pearson Education !nc" Chap LGS-21
Chapter Suar%
In this chapter 'e ha#e seen:
That the volue o! data that e"ists in the #orld a$es learning
about statistics criticall% iportant
That statistics is a #a% o! thin$ing that can help %ou a$e
better decisions
&hat business anal%tics is and ho# these techni'ues
represent an opportunit% !or %ou
(o# the )CO*+ !rae#or$ !or appl%ing statistics can help %ou
solve business probles (o# to a$e best use o! this boo$
(o# to prepare !or using ,icroso!t E"cel #ith this boo$
8/18/2019 Levine Smume7 Ch00
22/22
+ll rights reserved3 o part o! this publication a% be reproduced stored in a retrieval s%ste or
transitted in an% !or or b% an% eans electronic echanical photocop%ing recording or
other#ise #ithout the prior #ritten perission o! the publisher3
5rinted in the nited States o! +erica3
Recommended