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Introduction to Basic Business Statistics

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DIPLOMA IN BUSINESS ADMINISTRATION | INTRODUCTION TO BASIC BUSINESS STATISTICS | |

Table of Content No | Description | Pages | 1 | Introduction / Objective | 3 | 2 | Methodology | 4 | 3 | Analysis of finding | 5 | 4 | Conclusion | 13 | 5 | Recommendation | 14 | |

Introduction

ZC International Pte Ltd manufacture soaps, detergent and household products.
Industry vision:
“We benefit society by contributing to the sustainable improvement of the quality and comfort of life through hygiene and cleanliness in a free, competitive and innovative way”. Our mission is to communicate the value embodied in our industry’s vision and any related policies to all appropriate stakeholders effectively and objectively, while taking these stakeholders’s view into account.
It does this by:
- working with other organization as appropriate, ensuring stakeholder dialogue; and
- to continue environmental progress in the design and marketing of product of package for household laundry detergent.

Objective
Data were collected by market survey and conducted by Nelso PL and consolidate with energy consumption date provided. The result of the survey can be found in Appendix 1.

Methodology

A set of value was collected using Personal interviews from adults who are working in Singapore. 30 candidates were selected using the random and convenience sampling methods. Out of the candidates 33.33% were males and 66.67% were females.

Age of Candidates Class(years) | Boundaries | Frequency(f) | Midpoint(x) | f.x | f.x² | 21-25 | 20.5-25.5 | 4 | 23 | 92 | 2116 | 26-30 | 25.5-30.5 | 6 | 28 | 168 | 4708 | 31-35 | 30.5-35.5 | 4 | 33 | 132 | 4356 | 36-40 | 35.5-40.5 | 8 | 38 | 304 | 11552 | 41-45 | 40.5-45.5 | 4 | 43 | 172 | 7396 | 46-50 | 45.5-50.5 | 4 | 48 | 192 | 9216 | | | 30 | | 1060 | 39344 |

Analysis:
Mean = 1060/30 = 35.33

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