Statistics for Management: Concepts, Methods and Business Applications

Abstract

Statistics for Management: Concepts, Methods and Business Applications by Bilal Ahmadand Dr. M. Yameen Danish is a practical textbook designed to bridge the gap betweenabstract mathematical theory and real-world organizational decision-making. It serves as aself-contained foundational resource for undergraduate students in businessadministration, commerce, and management sciences, as well as postgraduates andworking professionals seeking to master quantitative tools. Rather than focusing solely on the mechanics of computation, the text emphasizes the "why"of statistical reasoning, utilizing accessible, teacherly language to apply mathematical rigorto practical business scenarios such as supply chain optimization and market volatility. Organized into nine comprehensive chapters, the book systematically covers: The scope of statistics, variable types, data classification, tabulation, and graphicalpresentation. Measures of central tendency, dispersion, moments, skewness, and kurtosis. The construction and business application of index numbers. Simple linear regression and simple linear correlation analysis. The foundations of statistical inference through one-sample and two-sample tests ofhypothesis.