204: Business Statistics
Marks: 80
Unit -I : Introduction
to Statistics : 10
Meaning, Scope
and limitations of statistics; Collection of data : Primary and Secondary data;
Schedules and questionnaires and their preparations; Census survey and sample
survey, Methods of sampling : Random sampling, stratified random sampling and
judgment sampling; Construction of frequency distribution; Diagrammatic and
graphical representation of data.
Unit -II: Analysis
of Univariate Data 10
Measures of
central tendency and partition values; Measures of variation; Measures of
skewness, kurtosis (meaning and basic ideas).
Unit-III :
Analysis of Bi-variate Data 15
Linear
correlation and Linear Regression :
Interpolation :
Meaning and utility, Binomial, Newton’s and Lagrange’s methods of
interpolation.
Extrapolation :
Meaning and importance.
Unit-IV : Index
Numbers and Time Series 15
Index Numbers :
Meaning, types, uses and limitations; Methods of constructing price and
quantity Indices (simple and aggregate); Tests of adequacy; Problems in the
construction of index numbers; Consumer price index.
Time Series :
Causes of variation in time series data; Components of time series;
decomposition, Additive and multiplicative models; Determination of
trend-moving average method and method of least squares.
Unit-V : Theory
of Probability and Probability Distribution 15
Theory of
Probability : Probability as a concept, the three approaches to defining
probability; Addition and multiplication law of probability; Conditional
probability; Expectation and variance of a random variable.
Probability
distribution : Probability distribution as a concept, binomial Poisson and
normal probability distributions - their properties and uses, applications to
business.
Unit-VI :
Sampling Theory and Level of Significance 15
Concept of
standard error, Estimation (Point and Interval estimation), Properties of a
good estimator, Testing of Hypothesis - Null Hypothesis, Alternative
Hypothesis, Types I & Type II errors, Level of Significance, Critical
region, One tailed and two tailed tests.
Statistical
Quality Control (SQC) : Introduction, Process control, control chart, 3- sigma
control limits, Control charts for variables, mean and range charts, Criterion
for detecting lack of control in mean and range charts, Interpretation of mean
and range charts
Suggested Books:
Business
Mathematics & Statistics, R.K. Ghosh, S. Saha, New Central Book Agency
(Pvt.) Ltd, Kolkata
Fundamentals
of Statistics, S.C. Gupta, Sultan Chand & Sons.
Business
Statistics, A.P. Verma, Asian Book (Pvt.) Ltd.
Essentials
Statistics for Economics and Commerce Padmalochan Hazarika, Akansha Publishing
House.
Business
Statistics, I.K. Sharma, Pearson Education, New Delhi.
Fundamental
of Statistics, D.N. Elahance/Veena Elahane, B.M. Aggarwal, Kitab Mahal.
Elementary
Statistical Methods –Dr. S.P. Gupta –Sultan Chand & Sons, New Delhi.
Statistical
Methods –P.N. Arora, Sumeet Arora and S. Arora, S. Chand & Co. Ltd. New
Delhi.
Statistics
for Business and Economics –R.P. Hooda –Macmillan, New Delhi.
Basic
Statistics –Nagar and Das –Oxford University Press, New Delhi.
Post a Comment
Kindly give your valuable feedback to improve this website.