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: |
|
| 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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