Statistics and Business Mathematics

Syllabus

2T1: Statistics and Business Mathematics

Unit-I: Statistics & Measures of Central Tendency

Meaning, Scope, Importance, Functions and Limitations of Statistics. Collection of Data, Tabulation and Classification, Frequency Distribution. Mean, Median, Mode, Geometric Mean and Harmonic Mean (Theory & Numericals)

Unit-II: Dispersion

Meaning and Significance of Dispersion, Methods of Measuring Dispersion, Standard Deviation, Quartiles, Quartile Deviation,
Co-Efficient of Variation (Theory & Numericals)

Unit-III: Skewness

Absolute Measures of Skewness, Relative Measures of Skewness, Karl Pearson’s Coefficient of Skewness, Bowley’s Coefficient of Skewness. (Numericals)

Unit-IV: Business Mathematics

Percentages, Simple Interest, Compound Interest, Profit/Loss. (Numericals)

Note: Activity for Subject/Chapter Related (Workshop, Seminar, Guest Lecture, Group Discussion)