Business Statistics

Paper Code: 
FSG 212
Credits: 
03
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

ATG/BSG/FSG

/BSR/FSM/HRG

/IBG 212

Business Statistics

CO 48: Examine the methods of collecting data, classify and  present in the form of tables.

CO 49:Select and apply appropriate measures of central tendency.

CO 50:Investigate the data sets to find variation amongst them

CO:51Analyse the bivariate data sets to identify the level of association and cause and effect relationship in them

CO 52: Construct the index numbers

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.

 

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.

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: 

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

References: 

Statistical Methods:-S.P Gupta, Archana Gupta(Sultan Chand& Sons, New Delhi)
Stattistical Methods-K.N Nagar
Business Statistics-Yadav, Jain, Mittal (Malik and Company Jaipur)
Fundamentals of Statistics: S. C Gupta (Himalya Publishing House

Academic Year: 
2021-2022
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