Business Statistics

Paper Code: 
FSG 212
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.

8.00
Unit I: 
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

12.00
Unit II: 
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

8.00
Unit III: 
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

11.00
Unit IV: 
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

6.00
Unit V: 
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: 

1. Business Statistics-Garg, Sharma, Jain, Pareek(Shivam Book House Pvt Ltd)
2. Statistics Theory and Practice-Sancheti and Kapoor( Sultan Chand and Sons New Delhi)
3. Business Statistics: S.C Gupta (Himalya Publishing House)

References: 

1. Statistical Methods:-S.P Gupta, Archana Gupta(Sultan Chand& Sons, New Delhi)
2. Stattistical Methods-K.N Nagar
3. Business Statistics-Yadav, Jain, Mittal (Malik and Company Jaipur)
4. Fundamentals of Statistics: S. C Gupta (Himalya Publishing House)
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

Academic Year: 
2014-2015
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