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Business Statistics
The objective of this course is to familiarize students with the basic statistical tools used for decision-making.
CO 46: Examine the methods of collecting data, classify and present in the form of tables.
CO 47:Select and apply appropriate measures of central tendency.
CO 48:Investigate the data sets to find variation amongst them
CO:49Analyse the bivariate data sets to identify the level of association and cause and effect relationship in them
CO 50: Construct the index numbers
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
Measure of Central Tendency: Arithmetic Mean (Simple and Weighted), Median (Including Quartiles, Quintiles, Octiles, Deciles, Percentile) Mode, Geometric and Harmonic Mean-Simple and Weighted
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
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
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
1. Business Statistics-Garg, Sharma, Jain, Pareek(Shivam Book House Pvt Ltd)
2. Business Statistics-Gupta, Goyal, Jain, Biyani, Gupta( Ajmera Book Company)
3. Statistics Theory and Practice-Sancheti and Kapoor( Sultan Chand and Sons New Delhi)
4. Business Statistics: S.C Gupta (Himalya Publishing House)
1. Statistical Methods:-S.P Gupta, Archana Gupta(Sultan Chand& Sons, New Delhi)
2. Statistical Methods-K.N Nagar
3. Business Statistics-Yadav, Jain, Mittal (Malik and Company Jaipur)
