Business Statistics – Revised FYBFM Syllabus 2016

Business Statistics – Revised FYBFM Syllabus 2016.

Modules at a Glance

Sr. No.  Modules No. of Lectures
 1  Population and Sample  12
 2  Measures of Central Tendency  12
 3  Measures of Dispersion  12
 4  Correlation and regression (for ungrouped data)  12
 5  Linear Programming Problems  12
 Total  60

Business Statistics – Syllabus Overview

Sr. No.  Modules / Units
 1  Population and sample
Definition of statistics, scope of statistics in Management and financial markets, Concept of population and sample with illustration

Methods of sampling- SRSWR, SRSWOR, stratified, systematic (description of sampling procedures only)

Data condensation and graphical methods:
Raw data, attributes and variables, classification, frequency distribution,cumulative frequency distribution
Graphs- Histogram and frequency polygon
Diagrams- Multiple bar, pie, subdivided bar

 2  Measures of Central tendency
 Criteria for good measures of central tendency, arithmetic mean, median mode for grouped and ungrouped data, combined mean
 3  Measures of Dispersion
 Concept of dispersion, absolute and relative measures of dispersion, range variance, standard deviation, coefficient of variation, quartile deviation, coefficient of quartile deviation
 4  Correlation and regression (for ungrouped data)
 Concept of correlation, positive and negative correlation, Karl Pearson’s Coefficient of Correlation, meaning of regression, two regression equations, Regression coefficients and properties
 5  Linear Programming Problems
 Meaning of LPP, Formulation of LPP, solution by graphical methods, problems relating to two variables only


Reference books for subject: Business Statistics

Business Statistics : ~ 
• Statistics for Management Levin, Richard and David S. Rubin Prentice Hall of India.
• Practical Business Statistics’’, Siegel, Andrew F International Edition
• Basic Business Statistics: Concepts and Applications Berenson and Levine Prentice Hall.
• Statistics: Concepts and Applications Frank , Harry and Steven C. Althoen,
• Statistical Methods Gupta, S.P., and Archana Gupta, Sultan Chand and Sons, New Delhi.
• Lectures in Business Statistics ,Dhingra, I.C., and M.P. Gupta Sultan Chand.
• Fundamentals of Statistics’’, Gupta, S.C Himalaya Publishing House.

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