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Business Statistics

1.Statistics : Concept, Nature and Limitations, 2.Statistics : Scope and Significance, 3.Types and Collection of Data, 4. Classification and Tabulation of Data, 5. Frequency Distribution, 6. Graphic Presentation of Data, 7. Measures of Central Tendency (Mean, Median, Mode), 8. Measures of Variation or Dispersion (Rang, Q. D., M. D. & S. D.), 9. Measures of Skewness, 10. Measures of Kurtosis, 11. Correlation, 12. Regression Analysis, 13. Probability Theory, 14. Probability Distributions (Binomial, Poisson and Normal), 15. Sampling Theory and Tests of Significance. 16. Appendix.


Unit I : Statistics : Concept, Significance & Limitation, Type of Data, Classification & Tabulation, Frequency Distribution & Graphical Representation.

Unit II : Measures of Central Tendency (Mean, Median, Mode), Measures of Variation : Significance & Properties of a Good Measure of Variation :

Range, Quartile Deviation, Mean Deviation and Standard Deviation, Measures of Skewness & Kurtosis.

Unit III :Correlation : Significance of Correlation, Types of correlation, Simple Correlation, Scatter Diagram Method, Karl Pearson Coefficient of Correlation.

Regression : Introduction, Regression Lines, Regression Equation & Regression Coefficient.

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

Unit V : Sampling Method of Sampling, Sampling and Non-Sampling Errors. Test of Hypothesis, Type-I

and Type-II Errors, Large Sample Tests.

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