Business Statistics

Facilitator: Dr. Abhijeet Lele

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Relevance of Business Statistics in the Scientific Framework
of Problem Solving

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Why to learn Business Statistics?
• To validate hypothesis formulated by managers.

• To extrapolate findings from sample to population.

• To learn and apply statistical tools and techniques to strengthen decision

making process.

• To identify strength and relationship between variables involved in a

phenomenon.
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Book Suggestion for your Reading
Descriptive Statistics Measures
• Measures of Central Tendency

• Measures of Dispersion

• Measures of Distribution Shape

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Measures of Central Tendency
• Mean

• Median

• Mode

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Mean

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Median

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 Thank You !

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