Business Statistics

                                                                                             BUSINESS STATISTICS

Module-1

Revision of Data Representation, Central Tendency and Dispersion, Kurtosis and Skewness.

Module-2

Probability: Axioms, Addition and Multiplication Rule, Types of Probability, Independence of Events, Probability Tree, Bayes’ Theorem.

Module-3

Concept of Random Variable, Probability Distribution, Expected Value and Variance of Random Variable, Conditional Expectation, Classical News Paper Boys Problem (EMV, EVPI).

Module-4

Probability Distributions

Binomial, Poisson, Normal.

Module-5

Sampling Distribution.

Module-6

Estimation: Point Estimation, Interval Estimation.

Module-7

Hypothesis Testing- Students t, Chi Square, Z.

Module-8

Analysis of Variance- One Way, Two Way.

Module-9

Correlation and Regression Analysis and Significance.