Statistics for Managers

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ISBN- 978-93-5163-274-0

AUTHORS-Pravesh Kumar Singh & Ms. Alka Bajpai

According to the new syllabus of

‘Jawaharlal Nehru Technological University, Anantapur’

STATISTICS FOR MANAGERS

1) Introduction of Statistics – Nature & Significance of Statistics to Business, , Measures of Central Tendency- Arithmetic – Weighted mean – Median, Mode – Geometric mean and Harmonic mean – Measures of Dispersion, Range, Quartile Deviation, Mean Deviation, Standard Deviation, Coefficient of Variation – Application of Measures of Central Tendency and Dispersion for Business Decision Making.

2) Correlation: Introduction, Significance and types of Correlation – Measures of Correlation – Co-efficient of Correlation. Regression Analysis – Meaning and Utility of Regression Analysis – Comparison between Correlation and Regression – Properties of Regression Coefficients- Rank Correlation.

3) Probability – Meaning and Definition of Probability – Significance of Probability in Business Application – Theory of Probability – Addition and Multiplication – Conditional laws of Probability – Binominal – Poisson – Uniform – Normal and Exponential Distributions.

4) Testing of Hypothesis- Hypothesis Testing: One Sample and Two Sample Tests for Means and Proportions of Large Samples (z-test), One Sample and Two Sample Tests for Means of Small Samples (t-test), F-test for two Sample Standard Deviations. ANOVA one and Two Way.

5) Non-Parametric Methods: Chi-Square test for Single Sample Standard Deviation. Chi-Square tests for Independence of Attributes - Sign Test for Paired Data.

Reference JNTU-A2022/MBA/1/05

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