BUSINESS STATISTICS

· 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

· Arithmetic Mean (Simple and Weighted),

· Median (Including Quartiles, Quintiles, Octiles, Deciles, Percentile)

· Mode,

· Geometric and Harmonic Mean Simple and Weighted

· 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

· Meaning and Significance,

· Scatter Diagram Correlation Graph,

· Karl Pearson’s Coefficient between two variables.

· Coefficient of Correlation by Spearman’s Rank Difference Method

· 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

· 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