Business Statistics Important Questions (Practical and theory) I Dibrugarh University BCOM 4th SEM NEP Syllabus

Business Statistics Important Questions (Practical and theory)
Dibrugarh University BCOM 4^th SEM NEP Syllabus

Question No.	Section Type	Requirement	Marks per Question	Total Marks
1	Very Short Answer	Answer 6 out of 9 sub-questions	2 Marks	12 Marks
2	Measures of Central Tendency /Dispersion Or Sampling	Answer either Section (a) or (b)	Mixed (3, 4, 5)	12 Marks
3	Correlation or Regression	Answer either Section (a) or (b)	Mixed (3, 4, 5)	12 Marks
4	Probability or Probability Distribution	Answer either Section (a) or (b)	Mixed (3, 4, 5)	12 Marks
5	Index Numbers or Time Series	Answer either Section (a) or (b)	Mixed (3, 4, 5)	12 Marks
Total				60 Marks

 Tips to clear this subject & Theory and Practical analysis

1. Focus on MCQs (12 marks)

2. Focus on VVI Question as given in this video

3. Theory and Practical Analysis

- Short Answer type questions = 12 Marks

- Theory = Approx. 24 Marks

- Practical = Approx. 36

MOST IMPORTANT TOPICS FOR BUSINESS STATISTICS EXAM (PRACTICAL)

1. CALCULATION OF SD, VARIANCE AND COEFFICIENT OF VARIATION  2020, 2021, 2022, 2025

2. CALCULATION OF MEAN, MEAN DEVIATION AND MEDIAN DEVIATION

3. CALCULATION OF MISSING FIGURE

4. CALCULATION OF ONE OR TWO MISSING FREQUENCIES WITH THE HELP OF MEAN, MEDIAN AND MODE.

5. Relationship Between AM, GM and HM             2020, 2021, 20222

6. Combine Mean 2021, 2022

THEORY

1. CALCULATION OF REGRESSION EQUATIONS                    2020, 2022

2. REGRESSION EQUATIONS ARE GIVEN AND WITH THEIR HELP FIND MEAN, CORRELATION AND SD  2020, 2021, 2022

Or

3. KARL PEARSON COEFFICIENT OF CORRELATION (5 FORMULAS)               2020, 2021

4. RANK CORRELATION          2020

1. PROBABILITY

- LEAP YEAR

- PROBABILITY OF TOSSING COINS, DICE,

- PROBLEM SOLVING BY A GROUP OF STUDENTS

- Formula Based Questions

Or

2. DISTRIBUTION

- CALCULATION OF EXPECTED VALUE E(X)

- BAYS THEOREM

1. WEIGHTED INDEX NUMBER OR COST OF LIVING INDEX                            2020, 2021, 2022

2. CALCULATION OF INDEX NUMBER UNDER VARIOUS METHOD WHEN PRICES AS WELL AS QUANTITIES ARE GIVEN  2020, 2021, 2022

3. TIME REVERSAL AND FACTOR REVERSAL TEST                  Every year

4. BASE SHIFTING AND CALCULATION OF REAL WAGES.

1. LEAST QUARE METHOD                  2020, 2021, 2022

2. MOVING AVERAGE METHOD INCLUDING WEIGHTED AVERAGE METHOD                       2021, 2022

3. SEMI AVERAGE METHOD

4. Seasonal Index                    2020

MOST IMPORTANT TOPICS FOR BUSINESS STATISTICS EXAM (THEORY)

1. What is measure of central tendency and Dispersion? What are their essential features?

2. Distinguish between Absolute and relative measures of dispersion.

3. Which is best measure of average and dispersion and why?

4. Relationship formula between AM, GM and HM

5. Relationship formula between Mean, Median and Mode

6. What is skewness and kurtosis?

1. What is sampling? What are its principles?

2. What are various methods of sampling? (Probability and non-probability sampling)

3. What is standard errors, sampling errors and non-sampling errors?

4. What is Simple random sampling and Stratified random sampling? Mention their merits and demerits. Also distinguish between them.

1. What is probability? Explain classical definition of probability.

2. What are the limitations classical definition of probability?

3. Define with examples various types of events in probability – mutually exclusive events, exhaustive events, independent events etc.

4. What is Bayes’ theorem?

5. What is normal distribution and binomial distribution? Mention their assumptions

6. State the importance of Probability.

1. What is correlation analysis? What are its various types? What are its properties?

2. what is regression analysis? What are its properties?

3. Distinguish between correlation analysis and regression analysis.

4. What is spearmen’s rank correlation? Mention its features.

5. Why are there two lines of regression?

6. Show that coefficient of correlation ranges from – 1 to + 1.

7. Prove that coefficient of correlation is the geometric mean of the two regression coefficients.

1. Explain index number. Mention its importance (Uses) and Limitations. What are the problems in construction in index number?

2. Mention three types of index number. (Price Index number, quantity index number and value index number)

3. Why Index number is called “Economic Barometer” (Uses of Index number)?

4. What is Time and Factor reversal test? Which method satisfied these test?

5. What is cost of living index? What is its importance?

6. Mention any three important methods for calculating index number. Why fisher’s index is called ideal index number?

7. Define and Distinguish between:

(a) Time reversal test and Factor reversal test

(b) Price index and Quantity index number

(c) Fixed base and chain base index number

1. What is time series analysis? Mention its utilities.

2. Discuss the components of time series analysis. Mention the two models used for time series analysis.

3. What is Trend or secular trend? Mention the factors responsible for long term and short term trend.

4. What do you mean by seasonal variation in a time series? What are the factors responsible for seasonal variations?

5. Explain various methods method of time series analysis with respective merits and demerits.