By John Buglear
Stats ability company is an introductory textbook written for company, Hospitality and Tourism scholars who take modules on data or Quantitative examine tools. spotting that the majority clients of this ebook can have constrained if any grounding within the topic, this e-book minimizes technical language, offers transparent definition of key phrases, and provides emphasis to interpretation instead of approach. Stats potential enterprise permits readers to: delight in the significance of statistical research in enterprise, hospitality and tourism comprehend statistical recommendations and strengthen judgement within the choice of acceptable statistical thoughts interpret the result of statistical research. This new version contains additional content material relating to Hospitality and Tourism classes, an extension of the translation of correlation research and a brand new part on how you can layout questionnaires. an introductory textual content and an available method of a tricky topic, Stats potential company assumes no past wisdom of data and hence won’t intimidate scholars options are defined and tested utilizing labored examples and actual existence functions of idea. counsel can also be given on utilizing EXCEL, Minitab and SPSS a companion web site for academics and students which comprises PowerPoint slides, lesson plans, Minitab and SPSS recipe playing cards and overview questions and suggestions to help instructing and studying .
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Additional resources for Stats Means Business: Statistics with Excel for Business, Hospitality and Tourism, 2nd Edition
Sample text
You have probably heard the saying ‘a picture is worth a thousand words’. This is so true when it comes to understanding and communicating sets of data. I was always more comfortable using charts and graphs in my work. You simply can’t grasp the meaning of a large set of figures, but when they are put in the form of diagrams they ‘talk’ to you. Whenever I had to look at how well my businesses were performing I always preferred to use diagrams to get the whole story. ’ CONTENTS Introduction Types of Data Displaying Qualitative Data Displaying Quantitative Data Chapter Objectives This chapter will help you to: - recognize different types of data; - produce a variety of statistical diagrams; - interpret basic statistical diagrams; - know which diagrams are suitable for which types of data.
The precision of continuous data is limited only by how exactly the quantities are measured. For instance, we measure both the length of bus 25 26 C H A P T ER 2: Presenting Data journeys and athletic performances using the scale of time. In the first case a clock or a wristwatch is sufficiently accurate, but in the second case we would use a stopwatch or an even more sophisticated timing device. Further on you will find the terms discrete variable and continuous variable. A discrete variable has discrete values whereas a continuous variable has continuous values.
The obvious number to take is 20 and 5 classes 20 units wide will cover the range. In fact because these classes will combine to cover a range of 100 and the range of our data is only 93, we have some flexibility when it comes to deciding where the first class should start. 11 this means it must start at 5 or below. Because 5 is a ‘neat’ round number it would make a perfectly acceptable start for our first class, which would then be ‘5–24’, the second class would be ‘25–44’ and so on. But what if the first observed value was 3 or 7?