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 Statistics tools for Business Managers

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  • Category

    Workshops and Seminars

  • Duration

    2 Days (consecutive)

  • Commencement

    Pending
At completion of the course, the participant will be able to: o Use basic statistical vocabulary, notation and concepts o Generate and interpret statistical graphics. o Summarize data with descriptive statistics. o Apply basic probability and decision making concepts to business issues o Use appropriate technology to perform basic statistical analyses. o Explain the usefulness and significance of statistics in business o Develop a questionnaire, do a survey and analyze the results

  • Syllabus / Content

    1. Introduction and basic statistical concepts
      • Introduction to statistics: Why we need statistics in business, what we miss without it
        • Misusing statistics: Lies, damn lies and statistics, how to recognize the misuse
        • Sets: Sets, Sub sets, Special sets, notation, Venn diagrams, unions, intersections, compliments
        • Probability: discreet and continuous probability, Mutually Exclusive Events, Conditional probability
        • Decision making: Decisions under ideal and uncertain conditions, decision trees
    2. Probability and Decision making 
      • Basic statistical concepts: Population, sample, mean, distribution, probability etc
      • Distributions: Binomial, normal and Poisson distributions, shapes and areas, histograms
      • Sampling: Relations between populations, sample means and variance, sampling theory
      • Statistical estimation: unbiased and effective estimation, confidence interval estimation 
      • Hypothesis testing: Null and alternative hypotheses, statistically significant events
    3. Data Gathering and Analysis (Theory)
    • Planning surveys: What best can be done within your time and financial constrains
    • Conducting surveys: Different techniques, preparing questionnaires, interviews
    • Analysis with MS-Excel: The best starting point; simple and straightforward
    • Other statistical tools: Introduction to other statistical tools including SPSS
    • Presenting quantitative data: It goes far beyond than inserting few simple graphs
    1. Data Gathering and Analysis (Practical)
      • A Hands-on session up to 4 hours at NIBM computer labs on a pre-prepared case study. Each participant will get a PC to practice what he has learnt in Session 3.

  • Entry Requirements

    This is ideally suitable for business managers who want to sharpen their statistics knowledge and skills without following a full long-term course. It is not a fully pledged statistics course, but focuses more on using statistical tools to solve everyday business management issues.

  • Fee & Funding

    LKR. 14,000/=

  • Methodology

    2 Days (consecutive)

  • Course Director(s)

    Mr. Chanuka Wattegama

  • Lectures & Practicals

    8.30 am - 4.30 pm

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Commencement
Dates

Full Time
Colombo
1 2016-05
Kandy
Kurunegala
Matara
Galle
Kirulapone
Weekend
Matara
Galle
Kirulapone
Colombo
Kandy
Kurunegala
Part Time
Colombo
Kandy
Kurunegala
Matara
Galle
Kirulapone

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