Statistics tools for Business Managers

Department
Business
Campus
Colombo
Level
Workshops
Method
Duration
02 Days
Commencement
Pending

Entry requirements

This is ideally suitable for business managers who want to sharpen their statistics knowledge and skills without following a full long-term course. It is not a fully pledged statistics course but focuses more on using statistical tools to solve everyday business management issues.

Course structure and modules

Introduction and basic statistical concepts

Introduction to statistics: Why we need statistics in business, what we miss without it

Misusing statistics: Lies, damn lies and statistics, how to recognize the misuse

Sets: Sets, Subsets, Special sets, notation, Venn diagrams, unions, intersections, compliments

Probability: discreet and continuous probability, Mutually Exclusive Events, Conditional probability

Decision making: Decisions under ideal and uncertain conditions, decision trees

Probability and Decision making

Basic statistical concepts: Population, sample, mean, distribution, probability, etc

Distributions: Binomial, Normal and Poisson distributions, shapes and areas, histograms

Sampling: Relations between populations, sample means, and variance, sampling theory

Statistical estimation: unbiased and effective estimation, confidence interval estimation

Hypothesis testing: Null and alternative hypotheses, statistically significant events

Data Gathering and Analysis (Theory)

Planning surveys: What best can be done within your time and financial constraints

Conducting surveys: Different techniques, preparing questionnaires, interviews

Analysis with MS-Excel: The best starting point; simple and straightforward

Other statistical tools: Introduction to other statistical tools including SPSS

Presenting quantitative data: It goes far beyond than inserting a few simple graphs

Data Gathering and Analysis (Practical)

A Hands-on session up to 4 hours at NIBM computer labs on a pre-prepared case study. Each participant will get a PC to practice what he has learned in Session 3.

Programme Fees

LKR. 14,000/=

Course Inquiry Form Let us contact you
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Course Inquiry Form Let us contact you
Submit your contact details below and one of our team member will be in touch soon.


Course Inquiry Form Let us contact you
Submit your contact details below and one of our team member will be in touch soon.


Course Inquiry Form Let us contact you
Submit your contact details below and one of our team member will be in touch soon.


Course Inquiry Form Let us contact you
Submit your contact details below and one of our team member will be in touch soon.