BUSINESS STATISTICS

 

The objective of this subject is to help students understand statistical techniques and their application to business problems.

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 "  

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BUSINESS MATHEMATICS

MODULES / TOPICS : 

The objective of this subject is to help students understand mathematical techniques and their application to business problems.

1. SETS AND FUNCTIONS :

• Sets , Subsets , Types of Sets .

• Operations of Sets , Cartesian Product of Sets .

• FUNCTIONS - Algebric Functions & Transcendental Functions .

 

2. LIMITS AND CONTINUITY :

• Introduction .

• Limit of a Variable and a Function .

• Implications of Limit of Functions .

• Continuity of a Function of one variable .

3. DIFFERENTIATION CONCEPTS :

• Derivatives of a Function.

• Derivatives of Sum , Difference , Product and Quotient .

• APPLICATIONS of Differentiation :

• Marginal Analysis .

• Maxima and Minima.

   

4. INTEGRATION CONCEPTS :

• Elementary Integration .

• Integration by Parts and partial fractions .

• Definite Integrals .

• Economic Application , Consumer surplus and Product Surplus .

5. DETERMINANTS AND MATRICES :

• Types of Matrices .

• Adjoint , Inverse , Elementary Row Operations .

  " CONTENT TO BE ADDED SOON "