Business Statistics

Paper Code: 
COM 202
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to familiarize students with the basic statistical tools used for decision-making.

Course Outcomes (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

COM 202

Business Statistics

CO 46 Students will be able to acquire theoretical knowledge regarding basics of statistics.

CO 47 Student will be able to independently calculate basic statistical parameters (mean, mode & median).

CO 48 Student understands to calculate various types of variation.

CO 49 Provide an understanding on bivariate analysis.

CO 50 Understand the basic structure of index number and calculations involving various methods.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, White board teaching

 

Learning activities for the students:

Self learning assignments, Effective questions, Giving tasks, Software workshop

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments.

 

9.00
Unit I: 
Introduction:

                                                                                   

Definition of Statistics, Importance and Scope of Statistics, Types and Source of Data, Collection of Data, Limitation of Statistics

Classification and Tabulation of Data: Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation

 

9.00
Unit II: 
Measure of Central Tendency:

                                                              

Arithmetic Mean (Simple and Weighted), Median (Including Quartiles, Quintiles, Octiles, Deciles, Percentile) Mode, Geometric and Harmonic Mean-Simple and Weighted

 

 

 

9.00
Unit III: 
Measures of Dispersion:

                                                                   

Absolute and Relative Measures: Range, Quartile Deviation, Mean Deviation, Standard Deviation and their Co-efficient

Skewness: Absolute Measures of Skewness, Relative Measures of Skewness –Karl Pearson’s Coefficient of Skewness, Bowley’s Coefficient of Skewness

 

9.00
Unit IV: 
Correlation:

                                                                                             

 Meaning and Significance, Scatter Diagram Correlation Graph, Karl Pearson’s Coefficient between two variables. Coefficient of Correlation by Spearman’s Rank Difference Method and Concurrent Deviation Method

Regression Analysis-Meaning and Significance, Difference between Correlation and Regression, Regression lines, Regression equations, coefficient of Regression, Standard error of the estimate

 

 

 

9.00
Unit V: 
Index Numbers:

                                                                                    

Introduction, Uses of Index Numbers, Classification of Index Numbers, Problems in Construction of Index Numbers, Methods of Constructing Index Numbers, Test of Adequacy of Index Number Formulae, Base Shifting, Splicing and Deflating of Index Numbers

 

Essential Readings: 
  • Business Statistics-Garg, Sharma, Jain, Pareek(Shivam Book House Pvt Ltd)
  • Business Statistics-Gupta, Goyal, Jain, Biyani, Gupta( Ajmera Book Company)
  • Statistics Theory and Practice-Sancheti and Kapoor( Sultan Chand and Sons New Delhi)
  • Business Statistics: S.C Gupta (Himalya Publishing House)
  • Statistical Methods:-S.P Gupta, Archana Gupta(Sultan Chand& Sons, New Delhi)
  • Statistical Methods-K.N Nagar
  • Business Statistics-Yadav, Jain, Mittal (Malik and Company Jaipur)

 

Academic Year: 
2020-2021
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