African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4094

Full Length Research Paper

Exploratory study of selected statistical techniques with special relevance to business

  Angus Okechukwu Unegbu1*, Chinyere Unegbu2 and Tasie George3    
  1Department of Accounting, American University of Nigeria, Yola, Adamawa State, Nigeria. 2Federal University of Technology, Yola, Adamawa State, Nigeria. 3Faculty of Management Science, American University of Nigeria, Yola, Adamawa State, Nigeria.
Email: [email protected]

  •  Accepted: 18 August 2011
  •  Published: 30 November 2011

Abstract

 

This paper examines selected statistical tools of correlation, regression analysis, t-test, Chi-square and analysis of variance (ANOVA) and their areas of relevance to business decisions. The method of research adopted is exploratory. In search for solution to the advocated research questions, near live examples were given and solved using both the stated statistical formula and computer SPSS. The study found out that, each of the selected statistical tools has very unique importance to the business decisions and they are recommended for use as aid to decision to accountants, financial analysts, business managers, investors and business owners.

 

Key words:  Selected statistical techniques, accounting and business decision aids.