Organisations collect and store data of many kinds - about finance, sales, personnel, etc. They also source new data that appears to be needed for supporting decisions in, for example, the development and marketing of a new product.
Sourcing, analysing and using data in order to generate the information needed by decision makers is a complex task. But it is one where managers would be ill advised simply to rely on specialist advice. Basic statistical approaches, ideas and interpretation need to be understood so that you can use and assess what you read in reports and presentations and be in a position to identify and commission what you require for decision making.
Entry Requirements
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
Course Syllabus
Unit 0 : Managing Information and Collecting Data Objectives Introduction Section 0.1: Management Data, Information and Decision Making - Managing information and data
- What are data and information?
- A data-collecting situation
Section 0.2: Collecting Data - Primary and secondary sources
- Secondary sources
- Collecting primary data
- Samples and populations
- Sampling methods
Section 0.3: Questionnaire Design and Use - Planning, evaluating and using questionnaires
Section 0.4: Displaying Data to Create Information - Displaying qualitative data
- Displaying quantitative data
Summary Further Reading Unit 1 : Describing Data and Designing Information Objectives Introduction Section 1.1: Describing Data - Kinds of data
- Kinds of description for quantitative data
- Tools for analysing or presenting data
Section 1.2: Describing Numeric Data - Describing raw data
- Descriptive statistics for numeric data
Section 1.3: Analysing Data from Rapid Ltd Branches - Constructing a frequency table
- Constructing a frequency distribution chart
- Describing the shape of the distribution
- Parametric statistics: mean and standard deviation
- Robust statistics: quartiles, median and quartile range
- Simple statistics: mode and range
Section 1.4: Only Grouped Data are Available - Quality standards at Rapid Ltd
- Parametric statistics: group mean and standard deviation
- Robust statistics: grouped quartiles, median and quartile range
- Simple statistics: grouped mode and range
Section 1.5: Selecting and Using Descriptive Techniques for Optimum Information Design - What a statistical package can produce
- Designing the information for a report or presentation
Summary Unit 2 : Estimation and Confidence Intervals Objectives Introduction Section 2.1: Population, Sample and Distribution - Population and sample: an inferential gap
- What is a distribution?
- The normal distribution
- The binomial distribution: a comparison
Section 2.2: Sampling Distributions - Sampling distribution of a mean
- Finding the standard error
Section 2.3: Confidence Intervals - Confidence interval for a mean
- Confidence interval for a percentage
Summary Further Reading Unit 3 : Making Judgements about Data Objectives Introduction Section 3.1: Hypothesis Testing Section 3.2: Doing a Hypothesis Test Section 3.3: Examining a Relationship Summary Further Reading Unit 4 : Forecasting and Time series Objectives Introduction Section 4.1: Forecasting - Introduction to forecasting
Section 4.2: Handling Time Series - Using index numbers in published sources
Summary Further Reading Unit 5 : Forecasting using Linear Regression Objectives Introduction Section 5.1: Making and Using a Forecasting Model - The linear regression model
- Is there really a relationship between price and demand?
- How strong is the price/demand relationship?
- Is the model satisfactory?
- Developing a better model
- Forecasting from the model
- Making sense of software output
Summary Further Reading
Tutor Support
With this course you will have unlimited access to your own personal tutor who specialises in their field of study. It is your personal tutor's role to ensure that you receive constructive feedback and to deal with any queries you may have. You are more than welcome to telephone, fax or email your personal tutor. You will also have access to a dedicated and friendly team of administrators and course advisors who offer sound and professional guidance and advice when you need it. This ensures that you will never feel neglected and that you will always succeed!
Study Hours
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper. The approximate amount of time required to complete the course is: 108 hrs.
Qualifications
Qualification 1: Information Management Diploma Information Management Diploma issued by Stonebridge Associated Colleges, entitling you to use the letters SAC Dip after your name.
Additional Information
Assessment Method After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course. What's Included - All study materials
- Study Guide
- Full Tutor and Admin support
Are there any additional costs? The only additional costs on top of your course fees is £9.99 postage. How do I pay for my course? Debit/Credit card call 0800 0025451 Fast & Secure Google Checkout Paypal Cheque or Bank Transfer
Still unsure...? Contact our Live Support on the Homepage Call Free on 0800 0025451 Email info@firstchoicelearningcollege.co.uk .......where we will be happy to resolve your enquiry promptly
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