Statistics for Management Decisions

  • mqm - productivity and quality institute |
  • English

Description

The course explores how statistics and data analysis can help solving managerial problems. The course will teach students how to use statistics in order to make effective decisions in product development, marketing, personnel, customer service, etc.

Program

Master in Quality Management MQM

Objectives

  • 1. Analyze real world scenarios and select the appropriate type of analytical problem solving technique. 2. Prepare the organization for future trend fluctuations through statistical forecasting methods. 3. Apply statistics to business situations and present information with precision and clarity and fully support business decisions through proven statistical techniques and quality tools. 4. Optimize decisions by applying measurements and tests to data collected. 5. Analyze real world scenarios and select the appropriate type of analytical problem solving technique.

Textbook

Data will be available soon!

Course Content

content serial Description
1Descriptive Statistics: Tabulars and Graphical Presentation
2Descriptive Statistics: Numerical Measures
3Sampling and Sampling Distribution
4Hypotheses Tests
5Statistical Inferences about Means and Inferences for Two Populations
6Tests of Goodness of Fits and Independence
7Linear regression and Multiple regression and correlation
8Histogram, Run Chart, Check sheets, Pareto Diagram
9Scatter Diagram, Relations Diagram, Arrow Diagram
10Design of Experiment
11Failure Mode and Effect Analysis (FMEA)
12Fault Tree Analysis (FTA)
13Final Examination

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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