Advanced Statistics For Government Business

Course ID: 479                         Course Length: 4 day(s)

Overview:

Statistics form the basis of most management decisions. A sound understanding of statistics is essential to decision-making. Students will learn statistical concepts and apply those concepts to work real world scenarios designed for operational and business management. In addition, students will learn how to prepare reports and presentations to convey the results of their analysis. This course covers material more in-depth than Course 391.

Objectives:
At the end of the workshop participants should be able to:

• Identify the steps necessary for statistical analysis
• Understand where and how to accumulate data to
  be analyzed
• Understand probabilities
• Be able to analyze data using frequency distributions,
  regression analysis, and other statistical techniques
• Understand how to document findings
• Be able to portray findings for presentation to
  management officials

Topics:

• Sources of Dates of Data
•  Organization of data
• Populations versus Samples
• Mean, Median, Mode
• Linear equations
• Method of least Squares
• Theory of probability
• Use of Standard Deviations
• Regression models
•  Frequency Distributions
• Sigma theory
• Analysis of data
• Risk analysis
• Documentation of results
• Presentation for decision makers

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