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Lesson 1
Lesson 1
Lesson 1
MBA 201-18
UNIT 1 LESSON 2
Introduction to Statistics?
Vivek Sharma
P1C201U1L2
Introduction to Statistics Learning Objectives
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1. Meaning
L1:Inferential Statistics
2. Types of Inferential Statistics
L2:Primary and Secondary Data
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Applications in Finance
• To estimate financial forecasts
• For break-even analysis
• For investment decisions under certainty.
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Applications in Purchase
• To obtain rates of currency conversion that
eliminates the differences in price levels
between countries and so permit volume
comparisons.
• It shows the ratio of the prices in national
currencies of the same good or service in
different countries.
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Summary
Introduction to Statistics 1. Applications in Marketing
?
2. Applications in Production
Estimation , Accuracy
Small Quiz?
Systematic
Quantitative, Qualitative
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Further Readings
1. https://www.cuemath.com/data/inferential-statistics/
2. https://www.wallstreetmojo.com/inferential-statistics/