MQTM1264 - Introduction to Quantitative Methods for Management

Assignment Task

1. Discuss the importance of statistics in the business context. (Here you are expected to use practical examples that you have researched about in any business and how the statistical techniques might assist).

2. Select a business problem in your own organizational context and explain how you are going to analyze it from the statistical analysis tools that you have learnt in the class. Please follow the following process when you are analyzing the issues.

• Find out a business problem from your organizational context and explain the problem in detail.
• Gather data for the problem.
• By using the statistical analysis techniques such as descriptive statistics, Correlation, Regression, Probability & time series analysis, analyze it.
• Report the findings.

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