Business Statistics

Unit

Topics

I

Introduction: Concept, Features, Significance and Limitations of Statistics, Types of Data, Classification and Tabulation, Frequency Distribution and Graphical Representation. [Lecture-6]

II

Measures of Central Tendency (Mean, Median, Mode), Measures of Variation

(Range, Quartile Deviation, Mean Deviation and Standard Deviation), Significance and Properties of a Good Measure of Variation, Measures of Skewness and Kurtosis. [Lecture-8]

III

Correlation and Regression: Meaning and Types of Correlation, Simple Correlation, Scatter Diagram Method, Karl Pearson’s Coefficient of Correlation, Significance of Correlation, Regression Concept, Regression Lines, Regression Equations and Regression Coefficient.                [Lecture-8]

IV

Probability: Concept, Events, Addition Law, Conditional Probability, Multiplication Law & Baye’s Theorem [Simple Numerical]. Probability Distribution: Binomial, Poisson and Normal.

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

                                                                                              [Lecture-8]