Business ManagementStudy Manuals
Diploma inBusiness Management
QUANTITATIVEMETHODS FORBUSINESS ANDMANAGEMENT
The Association of Business Executives
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Diploma in Business Management
QUANTITATIVE METHODS FOR BUSINESS ANDMANAGEMENT
Contents
Unit Title Page
1 Data and Data Collection 1
Introduction 2Measurement Scales and Types of Data 3Collecting Primary Data 5Collecting Secondary Data 10
2 Sampling Procedures 13
Introduction 14Statistical Inference 15Sampling 16Sampling Methods 18Choice of Sampling Method 23
3 Tabulating and Graphing Frequency Distributions 25
Introduction 26Frequency Distributions 27Class Limits and Class Intervals 29Cumulative and Relative Frequency Distributions 32Ways of Presenting Frequency Distributions 34Presenting Cumulative Frequency Distributions 42
4 Measures of Location 47
Introduction 49Use of Measures of Location 49Means 50Median 56Quantiles 59Mode 62Choice of Measure 64Appendix: Functions, Equations and Graphs 65
5 Measures of Dispersion 71
Introduction 72Range 73Quartile Deviation 74Standard Deviation and Variance 75Coefficient of Variation 79Skewness 80
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G. APPLICATION OF BINOMIAL AND POISSON DISTRIBUTIONS – CONTROL CHARTS for Quantitative Methods
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