Quantitative Techniques for Business

Syllabus

BBA-201

QUANTITATIVE TECHNIQUES FOR BUSINESS

UNIT I

Matrix: Introduction, Types of Matrix, Addition, Subtraction & Multiplication of Matrix, Inverse of Matrix, Solution of Linear Equations by Matrix Inversion Method.

UNIT II

Statistics: Types of Data, Classification & Tabulation of Data, Frequency Distribution, Graphical Presentation, Measures of Central Tendency (Mean, Median & Mode) Measures of Dispersion (Range, Mean Deviation & Standard Deviation).

UNIT III

Correlation : Significance of Correlation, Types of Correlation, Scatter Diagram Method, Karl Pearson Coefficient of Correlation, Spearman’s Coefficient of Rank Correlation. Regression: Introduction, Regression Lines and Regression Equations & Regression Coefficients.

UNIT IV

Probability: Definitions of Probability, Additive and Multiplicative Rules of Probability, Bay’s Theorem (Simple Numerical) Probability Distributions: Binomial, Poisson and Normal.

UNIT V

Sampling: Methods of Sampling, Sampling and Non-Sampling Errors. Testing of Hypothesis, Type I and Type II Errors, Large Sample Tests.