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|
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.