This book introduces the reader to the fundamentals of statistics for making business decisions. It discusses the various concepts related to statistics that are helpful in making business decisions. The book provides the conceptual clarity for understanding data. Many solved examples are given to make the student understand the concept in a better way in the form of business anecdotes, though fictitious in nature. Many examples are also solved using MS Excel. The real motivation for writing this book is to make learning simple. Reading this book will give the student an interesting and enriching experience. Students would enter the fascinating world of data and decision-making using data.
- Providing the students with necessary concepts, methods and techniques in Statistics
- Problems focused on managerial and business applications
- Student-centric, self-learning and do-by-yourself approach
- Step-by-step method of problem solving
- Using solution for managerial decision making
- Keywords, formulas used and self-assessment questions at the end of each chapter
- Chapter on using Excel for data analysis
Chapter 1 Introduction to Statistics for Management
Chapter 2 Measures of Central Tendency
Chapter 3 Measures of Dispersion
Chapter 4 Correlation and Regression
Chapter 5 Probability
Chapter 6 Expectancy Theory
Chapter 7 Probability Distribution
Chapter 8 Sampling and Sampling Distribution
Chapter 9 Testing of Hypothesis and Inferences
Chapter 10 Time Series Analysis
Chapter 11 Index Numbers
Chapter 12 Data Analysis Using Advanced Excel
Index
S. Panneerselvam
S. Panneerselvam, INT Sc, MBA, Ph.D., is presently working as Professor at Postgraduate Department of Management Studies and Research Centre, Siddaganga Institute of Technology, Tumakuru, Karnataka. He has been in academics for about 30 years teaching Supply Chain, Operations and Information Systems at postgraduate level. He has worked in various institutes including Indian Institute of Management Ahmedabad and Kirloskar Institute of Advanced Management Studies, Harihar. He has been very active in research by publishing research articles in refereed journals and also guiding research scholars. He is a member of Board of Examinations in Management Schools in Karnataka.
P. Nagesh
P. Nagesh, B.E., M. Tech., MBA., Ph.D., has been working as Professor and Head of the Department at JSS Centre for Management Studies—MBA Department, Sri Jayachamarajendra College of Engineering, JSS Science & Technology University, Mysuru. He has served at Kirloskar Electric Company Ltd., Mysore for a decade and has been in academics for about 18 years. He has published refereed research papers in both international and national journals. Dr. Nagesh has been a member of Board of Studies and Board of Examinations in management schools and universities. He has been a research guide and guiding students under Visvesvaraya Technological University (VTU), Belagavi and JSS Science and Technology University, Mysuru.
Senthilkumar
Senthilkumar is working as Professor in the Department of Management Studies, Nitte Meenakshi Institute of Technology, Bengaluru. He has about 30 years of teaching experience which includes industrial as well as research experience. He has presented and published papers in national and international conferences. He has published more than 30 papers in national and international journals. He is also a reviewer for an international journal Pezottaite, Acme Intellect International Journal and Research India Publication. Dr. Senthilkumar is also a trainer in Statistical Packages like Advanced Excel, SPSS. He also does statistical data analysis for Ph.D. scholars. He is also a Ph.D. research guide for VTU and Mysore University.
