Chapter 10 Statistics for Effective Reporting

Beyond the realm of the familiar math involving financial reporting, marketing, and budgeting, the more complex world of statistics must be addressed. A few important management applications require basic statistical skills. This chapter explains these basics and how they apply to you in your role as manager.

In statistics, you deal with a field of numbers. This is a grouping of values related in some manner (for example, sales results by division, expense totals during a quarter, or the number of salespeople and their sales volume). These numerical values are arranged in a field so they can be studied and interpreted to create a significant result. In presenting a field of numbers in a report, they ...

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