The objective of this subject is to help students understand statistical techniques and their application to business problems.
MODULES / TOPICS :
MODULES / TOPICS :
1.INTRODUCTION TO STATISTICS :
Meaning , Definition , Scope and Limitations of Statistics .
Role of Statistics in Management .
Types of Data .
2. MEASURES OF CENTRAL TENDENCY :
Mean , Median , Mode .
Measures of Dispersion : Range , Quartile Deviation , Mean Deviation , Standard Variance Deviation and Coefficient of Variation .
3. CORRELATION AND REGRESSION :
Karl Pearson and Spearman Correlation .
Estimation of Regression Equation for Bivariate Data.
Interpretation of Regression Coefficient .
4. PROBABILITY THEORY :
Introduction and Concepts .
Additive , Multiplicative , Conditional Probability .
Baye's Theorem .
Probability Distributions : Binomial , Poisson , Normal .
5.TIME SERIES :
Time Series and its components .
Measurement of Trend and methods.
Measurement of Seasonal Variations .
Measurement of Cyclic Variations .
6.SAMPLING THEORY :
Introduction , Sample Surveys .
Census VS Enumeration .
Objectives , Principles , Types and Errors in Sampling .
" CONTENT TO BE ADDED SOON "
