Management Information and Decision-Making - Statistical Methods - Management Assignment Help

Assignment Task:

ASSIGNMENT BRIEF AND GUIDANCE 

Purpose of this assessment:
The aim of this unit is to provide students with an understanding of how management information and decision-making are enhanced by the application of statistical methods. Students win to learn about a range of statistical techniques and how they inform management thinking. While studying the unit they will develop their numerical abilities and increase their confidence Please handling data in order to create information and knowledge 

Scenario 

You are working as a Data Analyst for your organisation. Your supervisors want to understand the value and importance of statistical management and how it can be used to resolve the challenges faced by businesses. You will need to reference how a company utilises statistical management to achieve business objectives and you will need to analyse how statistical management interrelates with other business functions to deliver results. 

Task 1 
Task 1: Individual Presentation.

You are tasked to explain the value and importance of statistical management: 
1. An introduction to statistics; definition, key characteristics, an overview of methods etc. 
2. Sources and types of data and information businesses can access. 
3. The difference between a sample and a population. 
4. The value of employing statistical methods when meeting business objectives and achieving competitive advantage. 
5. Explanation of the difference between descriptive and inferential statistics and the implications for business intelligence. 
6. Provide examples of analysis of given sample sets of data that could be used by the organisation. 
7. Be prepared to answer questions related to your analysis and explain all information included on your slides. 

PART 2:
You will be given an Excel document containing monthly adjusted share price information of Apple, Microsoft, Netflix and Amazon for a 5-year period. In the same document, you will also be provided with the NASDAQ's composite index IXICs monthly adjusted closing data. You need to choose two of these companies for your analysis and presentation. You need to also use IXIC's data for further analysis. In addition, you will be given the last four years of revenue, cost and profit information with regards to these companies. You are required to utilise descriptive and inferential statistical methods in this task. 

1. Evaluate the differences between descriptive and inferential data. 
2. Using sets of given data, you are to calculate a range of descriptive and inferential statistics. Applying and justifying the use of different methods, e.g. histogram, index, correlation, trend forecasting etc. 
3. Present your findings in the appropriate format using a range of graphs and charts to communicate data analysis. 

This Management Assignment has been solved by our Management Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.