MBA 431: Quantitative MBA 431: Quantitative Business AnalysisBusiness Analysis

FRANCIS WILSONFRANCIS WILSON

STATISTICS ?????STATISTICS ?????

•is the science of the is the science of the collection, collection, organization, and organization, and interpretation of datainterpretation of data

• For the very first time in Fiji, tourist For the very first time in Fiji, tourist arrival numbers in a year have exceeded arrival numbers in a year have exceeded the magical 600,000 mark, proving that the magical 600,000 mark, proving that there is the ability to reach goals, even there is the ability to reach goals, even steep ones if things are done right. This steep ones if things are done right. This provisional figure, was released to the provisional figure, was released to the Fiji Sun by a pleased Attorney-General Fiji Sun by a pleased Attorney-General and Minister for Tourism Aiyaz Sayed-and Minister for Tourism Aiyaz Sayed-Khaiyum, yesterday.Khaiyum, yesterday.

• Statistics gathered, as at December Statistics gathered, as at December 2010, showed a total number of 2010, showed a total number of 619,780 visitors coming into the 619,780 visitors coming into the country, a marked improvement in country, a marked improvement in numbers when compared to 542,000 numbers when compared to 542,000 in 2009.in 2009.

• By crossing that bench mark not by By crossing that bench mark not by just a marginal amount but a just a marginal amount but a significant 20,000; and by a growth significant 20,000; and by a growth of 90,000 up from the previous year, of 90,000 up from the previous year, this proves that there is the ability to this proves that there is the ability to grow our numbers at a much faster grow our numbers at a much faster rate than planned," the Minister said.rate than planned," the Minister said.

• While numbers from one of the major While numbers from one of the major source markets, Australia, grew quite source markets, Australia, grew quite strongly, the emphasis put on the strongly, the emphasis put on the emerging Asian markets of China and emerging Asian markets of China and India seems to have reaped rewards, India seems to have reaped rewards, with sound growth recorded from the with sound growth recorded from the two destinations.two destinations.

• However, the sector is not without its However, the sector is not without its problems. problems.

• The Minister said that one of the main The Minister said that one of the main problem areas, from a policy perspective, problem areas, from a policy perspective, was the timely collection of quality data. was the timely collection of quality data.

• ““This is an area which has room for a lot This is an area which has room for a lot more synergy and we are in the process more synergy and we are in the process of employing a hotel intelligence system," of employing a hotel intelligence system," he said.he said.

a hotel intelligence a hotel intelligence system?????system?????

• Through this intelligence system, the Through this intelligence system, the industry will be able to better identify industry will be able to better identify source markets and plan strategic, source markets and plan strategic, practical marketing, and make better practical marketing, and make better informed decisions for the sector informed decisions for the sector from such data collected.from such data collected.

How Cars are How Cars are Recovered in IrelandRecovered in Ireland

The Murphy's Law The Murphy's Law StoryStoryoror

How to Compound a How to Compound a Catastrophe Catastrophe

““Hey Paddy, we’ve got dis here car ta pull out.”Hey Paddy, we’ve got dis here car ta pull out.”

““Shamus, we’re pullin’ it up now.”Shamus, we’re pullin’ it up now.”

““Here Paddy, what happens if da crane can’t hold it?”Here Paddy, what happens if da crane can’t hold it?”““Shamus me lad, don’t you even tink about dat happening.”Shamus me lad, don’t you even tink about dat happening.”

““Hoy Paddy, oi didn’t even tink it, oh shoit!”Hoy Paddy, oi didn’t even tink it, oh shoit!”

““Shamus, moi boy, go get a bigga crane.”Shamus, moi boy, go get a bigga crane.”““Alroight, Paddy.”Alroight, Paddy.”

““Ah Shamus, dis bigga crane is doin’ da job well.”Ah Shamus, dis bigga crane is doin’ da job well.”

““Dat it is Paddy, dat it is.”Dat it is Paddy, dat it is.”

““Now for da first crane Shamus, up it cooms.”Now for da first crane Shamus, up it cooms.”

“ “ What's happening Paddy, what's happening.”What's happening Paddy, what's happening.”

““Oh f*#k Shamus, we’ve got ta get an even bigga crane!’Oh f*#k Shamus, we’ve got ta get an even bigga crane!’