BUSINESS STATISTICS

Paper Code: 
CBFS 501
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment Strategies

 
 

On completion of this course, the students will be able to;

 

  1.  Examine the methods of collecting data, classify and present in the form of tables.
  2.  Calculate sample size and select the sample from the universe of population for the study
  3.  Represent the data in presentable manner
  4.  Select and apply appropriate measures of central tendency and Examine the data sets to find variation among them
  5.  Select and apply appropriate measures of central tendency, find and rectify variations in the data set and establish relationship between them.

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.    

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Observation, Presentation, Report writing

  

 

12.00
Unit I: 
Introduction to Statistics

Introduction to Statistics, Importance of Statistics in modern business environment. Definition of Statistics,
 Scope and Applications of Statistics Characteristics of Statistics,
 Functions of Statistics, Limitations of Statistics, Statistical Softwares

12.00
Unit II: 
Statistical Survey

Introduction, Definition of Statistical Survey,
 Stages of Statistical Survey - Planning of a Statistical Survey- Execution of Statistical Survey,
 Basic Terms used in Statistical Survey - Units or Individuals - Population or Universe –Sample -Quantitative -Characteristic - Qualitative Characteristic – Variable,
 Collection of Data- Primary Data - Secondary Data - Pilot survey , Scrutiny and Editing of Data

12.00
Unit III: 
Classification, Tabulation and Presentation of Data

Introduction , Functions of Classification - Requisites of a good classification -
 Types of classification - Methods of classification ,Tabulation - Basic difference between classification and tabulation -Parts of a table -Types of table
 Frequency and Frequency Distribution - Derived frequency distributions - Bivariate and multivariate frequency distribution - Construction of frequency distribution ,
 Presentation of Data – Diagrams, Graphical Presentation - Histogram - Frequency polygon - Frequency curve - Ogives

12.00
Unit IV: 
Measures of Central Tendency and Dispersion

Introduction, Objectives of statistical average,
 Requisites of a Good Average, Statistical Averages - Arithmetic mean - Properties of arithmetic mean - Merits and demerits of arithmetic mean , Median - Merits and demerits of median , Mode - Merits and demerits of mode , Geometric Mean, Harmonic Mean , Appropriate Situations for the Use of Various Averages , Positional Averages

12.00
Unit V: 
Measures of Dispersion

Range, Co-efficient of Range, Quartiles, Inter-Quartile Range and Quartile Deviation, Co-efficient of Quartile Deviation, Mean Deviation, Co-efficient of Mean Deviation, Standard Deviation, Co-efficient of Variation,
 The Lorentz Curve, Skewness and Kurtosis;
 Measures of Skewness: Absolute and Relative; Co-efficient of Skewness: Karl Pearson’s, Bowley’s and Kelly’s; Moments and Moments based measures of Skewness (β1)and Kurtosis (β2)

Essential Readings: 

• Roger E. Kirk Statistics: An Introduction, Fifth Edition, Thomson-Wadsworth Publication.
• Mc Clave, Benson and Sincich, Statistics for Business and Economics, Eleventh Edition, Prentice Hall Publication.
• Jack Levin, James Alan Fox, Elementary Statistics in Social Research, Pearson Education.4.S.P. Gupta , Statistical Methods, S. Chand Publication
 Gupta, Goyal, Sharma ,Biyani, Jain,& Gupta Business StatisticsAjmera Book Co.
 Garg, Sharma, Jain,&PareekBusiness StatisticsShivam Book House Pvt Ltd
 Sancheti&Kapoor Statistics Theory and Practice Sultan Chand and Sons New Delhi

References: 

SUGGESTED READINGS:
 Gupta, S.P, & Gupta, A. ,Statistical Methods Sultan Chand& Sons, New Delhi
 Yadav, Jain, &Mittal ,Business Statistics Malik and Company Jaipur
 Gupta , S. C Fundamentals of StatisticsHimalya Publishing House
 NoreanR.S., Richard D. De Veaux, Paul & F. Velleman ,Business Statistics Pearson Education
 Levin, Richard, David S. Rubin, Rastogi, and Siddqui Statistics for Management ., Pearson Education
 Goon, Gupta &DasguptaFundamentals of Statistics The world press private ltd

e RESOURCES:
http://www.ddegjust.ac.in/studymaterial/mcom/mc 106.pdf
http://gurukpo.com/Content/BBA/BBA_lll_sem_Statistical_Methods.pdf
http://103.5.132.213:8080/jspui/bitstream/123456789/1103/1/Business%20St...(%20PDFDrive.com%20)%20(2).pdf
https://faculty.ksu.edu.sa/sites/default/files/business statistics for contemporary decision making by ken black_0.pdf

JOURNALS:
 IUP Journal of Accounting Research
 The Indian Journal of Commerce
 Metamorphosis A Journal of Management Research
 Nirma University Journal of Business & Management Studies

Academic Year: 
2023-2024
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