Introduction to Probability and Statistics - MBA Course Notes

Statistics - Introduction

Statistics for Management - Revision - Knol - Article - Series

Mean, Median, Mode, Range, Variance, Standard Deviation, Correlation, Regression, Time Series Data Analysis

Authors

• Narayana Rao

Published

Creative Commons Attribution 3.0 License

Version 8

Last edited: 04 Nov 2010

Exported: 26 Nov 2011

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/727

Origin

 

The word statistik comes from the Italian word statista. It means a statesman. Dr. E.A.W. Zimmerman introduced the work statistics into England and its use was popularized by Sir John Sinclair through his work, Statistical Account of Scotland 1791-1799.

 

We can identify three subdivisions in statistics now.

 

Descriptive statistics

 

Large amount of data is compressed into tables and charts in this branch of statistics.

How to Compute Mean, Median, Mode, Range, and Standard Deviation?
http://www.had2know.com/academics/mean-median-mode-range-standard-deviation.html

 

Inferential statistics

 

This branch of statistics deals with generalizing observations from samples to populations and statements about the probability of their validity.

 

Decision theory

 

This branch of statistics deals with decisions under risk and uncertainty

Five study material links are provided below for the five topics that form the foundation for a basic understanding of application of statistics.

Introduction, Organizing Data, Summary Measures of Data, Correlation and Regression, and Times Series Data Analysis

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Statistics - Study Materials

1. Introduction

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Lecture%201.pdf

2. Organizing Data

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Lecture%202.pdf

3. Numerical Descriptive Measures - Mean, Median, Mode and Range, Variance , Standard Deviation

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Lecture%203.pdf

4. Regression and Correlation

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Lecture%204.pdf

Example Problems

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Tutorial%204.pdf

5. Time Series Data Analysis and Forecasting

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Lecture%205.pdf

Example Problems

http://www.stamfordonline.com.my/courses/fsb/fsbn111/FSBN%20111%20Tutorial%205.pdf

Course Page - Foundation Course in  Statistics

http://www.stamfordonline.com.my/courses/fsb/fsbn111/index.asp

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University of South Maine

http://www.math.leidenuniv.nl/~redig/lecturenotesstatistics.pdf