Business Statistics  

UNIT 1

Concept, significance & Limitation Type of Data

Classification & Tabulation

Frequency Distribution

Graphical representation

UNIT 2

Measures of Central Tendency (Mean, Median, Mode)

Measures of Variation

Range

Quartile Deviation

Mean Deviation

Standard Deviation

Measures of Skewness

Kurtosis

UNIT 3

Significance of Correlation

Types of correlation

Simple correlation

Scatter Diagram method

Karl Pearson Coefficient of Correlation

Regression: Introduction

Regression lines

Regression Equation

Regression coefficient

UNIT 4

Probability: Concept, Events

Addition Law and Multiplication Laws

Conditional Probability

Bye’s Theorem [Simple numerical]

Probability Distribution: Binomial, Poisson and Normal

UNIT 5

Sampling

Method of sampling

Sampling and Non-sampling errors

Test of Hypothesis

Steps of Hypothesis Testing

Type- I and Type -II Errors

Large sample tests