Statistics for Managers Class Discussion wk1 Essay

Statistics for Managers divide Discussion wk1 - Essay ExampleTwo separate samples were used in the study. The total number of women and girls in the study atomic number 18 2657 and 1008 respectively (Wiley, 2011). After the analysis, it was established that the association between the occurrence of milk inlet of infants aged between 5-12 years and age at the first occurrence of menstruation was weak.There are numerous instances where statistics has been used in business. For instance, Barger King used teaching gathered from customers to determine their buying trends and preferences. This information was obtained from their credit cards as they are always required to provide their private information. The company successfully managed to gather information from their credit cards. The impact of their statistics is that they managed to improve their sales (Anderson, Sweeney & Williams, 2012). After obtaining relevant information, the company identify areas with many potential custom ers and their preferences.One of the true values of statistics in business is the operating(a) value. Numerous organizations forecast on IT systems to control data, ease payment process and run operations. Unpredicted logjams can take military position when IT runs an essential system improvement. It means that the execution will stop and momentarily preventing business from operating efficiently. To exploit this problem, organizations use IT systems with statistical procedures to determine the probable cause of the bottlenecks before their operations are interrupted. Other operational advantages of statistics include correct demand estimation and satisfactory inventory