Basic Statistical Techniques

Syllabus

(BB 10)

 Basic Statistical Techniques

Unit-I

Definition, Functions, Scope and Role of Statistics in Business and Importance of Statistics. Classification of Data, Tabulation, Frequency Distribution, Diagrams & Graphs.

Unit-II

Importance and Requisites of a Good Statistical Average, Types of Averages – Arithmetic Mean, Median, Mode, Geometric Mean, Harmonic Mean, Weighted Average, Relationship Amongst Different Averages.

Unit-III

Meaning and Significance of Dispersion, Methods of Measuring Dispersion – Range, Quartile Deviation, Mean Deviation, Standard Deviation and Coefficient of Skewness.

Unit-IV

Definition of Correlation, Significance of Correlation, Types of Correlation, Merits and Limitations of Coefficient, Calculation of Coefficient of Correlation and Probable Error for Simple Series, Calculation of Coefficient of Correlation and Probable Error for Continuous Series