Applications of Statistics ●Actuarial work●Election forecasting·Hydrology ●Agriculture and projection ·Industry ·Animal science·Engineering 。Linguistics ·Anthropology 。Epidemiology 。Literature ·Archaeology ·Finance Manpower 。Auditing ·Fisheries research planning ·Crystallography·Gambling Management 。Demography ● Genetics science ●Dentistry Geography 。Marketing 。Ecology Geology ●Econometrics ·Historical research 。Medical diagnosis Meteorology 。Education ·Human genetics ● Statistics for Managers Using Microsoft Excel Chap 1-14
Applications of Statistics Actuarial work Election forecastin g Hydrology Agriculture Animal science g and projection Engineering Industry Lin guistics Anthropology Archaeology Epidemiology Finance Fi h i h g Literature Man power Auditing Crystallography D h Fi s heries researc es researc h Gambling Genetics p planning Management Demograp h y Dentistry Ecology Genetics Geography Geology science Marketing Ecology Econometrics Education Geology Historical research Human genetics Medical diagnosis Meteorology Statistics for Managers Using Microsoft Excel Chap 1-14 Education Human genetics …
Why Study Statistics? Decision Makers Use Statistics To: Present and describe business data and information properly Draw conclusions about large populations,using information collected from samples Make reliable forecasts about a business activity Improve business processes:like six-sigma Data Information Decision Statistics for Managers Using Microsoft Excel Chap 1-15
Why Study Statistics? Decision Makers Use Statistics To: Present and describe business data and information properly information properly Draw conclusions about large populations, using information collected from samples information collected from samples Make reliable forecasts about a business activity Improve b i lik i bus iness processes: like s ix-s igm a Data Information Decision Statistics for Managers Using Microsoft Excel Chap 1-15
Why Study Statistics? Lay the fundament for learning other knowledge Operations Research Statistics Make better business decisions For Business research,Technical journals/reports Make better sense of the world About Internet articles reports,Magazine articles, Newspaper articles,Television radio reports Statistics for Managers Using Microsoft Excel Chap 1-16
Why Study Statistics? Lay the fundament for learning other Lay the fundament for learning other knowledge O perations Research & Statistics Make better business decisions For Business research, Technical journals/reports Make better sense of the world About Internet articles / reports, Magazine articles, N ti l T l i i & di t Newspaper arti cles, T elevision & radio repor t s Statistics for Managers Using Microsoft Excel Chap 1-16
Technical Path of Data Model Decision Data Mining Decision Model Statistics OR Data Information Decision (1)Data-driven Problem Problem Model (2)Model-driven Statistics for Managers Using Microsoft Excel Chap 1-17
Technical Path of Data Model & Decision Decision Model Data Mining Statistics OR Data Information Decision (1) Data -driven Problem (1) Data -driven Problem Model (2) Model -driven Statistics for Managers Using Microsoft Excel Chap 1-17 Model (2) Model -driven
China Welfare Lottery:Dual-colored Ball Red Ball Number:1-33,Blue Ball Number:1-16 >First Prize:(C6(6)*C1(1)/(C33(6)*C16(1)=1/17721088 >Second Prize: (C6(6)*C15(1)/(C33(6)*C16(1)=15/17721088 Third Prize: (C6(⑤)*C27(1)*C1(1)/(C33(6)*C161)=162/17721088 >Fourth Prize: (C6(⑤)*C27(1)*C15(1)+C6(4)*C27(2)*C1(1)/(C33(6)*C1 6(1)=7695/17721088 Fifth Prize: (C6(4)*C27(2)*C15(1)+C6(3)*C27(3)*C1(1)/(C33(6)*C1 6(1)=137475/17721088 >Sixth Prize (C6(2)*C27(4)*C1(1)+C6(1)*C27(5)*C1(1)+C6(0)*C27(6) *C1(1)/(C33(6)*C16(1)=1043640/17721088 Statistics for Managers Using Microsoft Excel Chap1-18
China Welfare Lottery: Dual-colored Ball Red Ball Number:1-33, Blue Ball Number:1-16 First Prize: (C6(6)*C1(1))/((C33(6)*C16(1))=1/17721088 Second Prize: (C6(6)*C15(1))/((C33(6)*C16(1))=15/17721088 Third Pri e: Third Pri ze: (C6(5)*C27(1)*C1(1))/((C33(6)*C16(1))=162/17721088 Fourth Prize: (C6(5)*C27(1)*C15(1)+C6(4)*C27(2)*C1(1))/((C33(6)*C1 6(1))=7695/17721088 Fifth Prize: Fifth Prize: (C6(4)*C27(2)*C15(1)+C6(3)*C27(3)*C1(1))/((C33(6)*C1 6(1))=137475/17721088 Sixth Prize Sixth Prize (C6(2)*C27(4)*C1(1)+C6(1)*C27(5)*C1(1)+C6(0)*C27(6) *C1(1))/((C33(6)*C16(1))=1043640/17721088 Statistics for Managers Using Microsoft Excel Chap 1-18