Statistical Analysis for Better Decision Making
Statistical Analysis for Better Decision Making
Course Dates
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At the end of this course, the participants should be able to:
- Understand the importance of statistics for Administrators.
- Become familiar with the most used statistical terminologies
- Use Microsoft Excel
- Evaluate statistical tables and use it to make decisions
- Interpret charts to make informed decisions
- Use correlations and regression analysis
- Measure and track performance and efficiency
Terminologies and Concepts of Statistics
- Definition of statistics
- Branches of statistics
- Importance of statistics to Administrators
- Data
- Population and sample
- Variables
- Sources of data
- Data collection methods
- Questionnaire design
- Types of sampling
- Sampling errors
- Determining sample size
Using Excel Application
- Components of Excel window
- Saving files in Excel
- Cells organization
- Mathematical Functions and Equations in Excel
Using Statistical Tables for Decision Making
- Introduction
- Histogram for Qualitative Data
- Histogram for Quantitative Data
Using Charts for Decision Making
- Importance of charts and data presentations
- Types of charts in Excel
- Bar Chart
- Line Chart
- Pie Chart
Using Descriptive Statistics
- Definition of Descriptive Statistics
- Measures of Central Tendency
- Average (Mean) & Median & Mode
- Quartile Percentages
- Measures of Variation
- Range
- Variance
- Standard Deviation
Correlation and Regression
- Correlation
- Linear Regression
Measuring Performance and Efficiency
- Measuring performance
- Types of performance indicators
- Efficiency
- Effectiveness
- Productivity
- Multifactor productivity
- Measuring changes in productivity
- Statistics Terminologies
- Descriptive Statistics
- Inferential Statistics
- Decision making
- Performance & Efficiency
- Data collection and Analysis
- Microsoft Excel
This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
- Practical, relevant case studies
- Group activities and workshops
- Related role plays
- Experiential learning
- Brain storming
- Stimulating mental activities
- Engaging team competitions
- Suitable training Videos
- Presentations
- Self–assessments
- Learning with Simulations and Games
Managers, Supervisors, Team Leaders and Researchers who will benefit from statistical tools and methods to fulfill their tasks and responsibilities efficiently.