Business Statistics

Paper Code: 
AAF 215
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to familiarize students with the basic statistical tools used for decision-making

8.00
Introduction-  Definition  of  Statistics,  Importance  and  Scope  of
Statistics, Types and Source of Data, Collection of Data, Limitation of Statistics
Classification and Tabulation of Data: Meaning and Characteristics,
Frequency Distribution, Simple and Manifold Tabulation
12.00
Measure  of  Central  Tendency:  Arithmetic  Mean  (Simple  and
Weighted), Median (Including Quartiles, Quintiles, Octiles, Deciles,
Percentile) Mode, Geometric and Harmonic Mean-Simple and Weighted
8.00
Measures of Dispersion: Absolute and Relative Measures: Range,
Quartile Deviation, Mean Deviation, Standard Deviation and their Co-
efficient.
Skewness: Absolute Measures of Skewness,
Relative  Measures  of  Skewness  –Karl  Pearson’s  Coefficient  of
Skewness, Bowley’s Coefficient of Skewness
11.00
Correlation: Meaning and Significance, Scatter Diagram Correlation
Graph, Karl Pearson’s Coefficient between two variables.
Coefficient of Correlation by Spearman’s Rank Difference Method and
Concurrent Deviation Method
Regression Analysis-Meaning and Significance, Difference between
Correlation and Regression, Regression  lines, Regression  equations,
coefficient of Regression, Standard error of the estimate
6.00
Index Numbers:-Introduction, Uses of Index Numbers, Classification of
Index Numbers, Problems in Construction of Index Numbers, Methods of
Constructing  Index  Numbers, Test  of  Adequacy  of  Index  Number
Formulae, Base Shifting, Splicing and Deflating of Index Numbers
References: 
Business Statistics-Garg, Sharma, Jain, Pareek(Shivam Book House Pvt Ltd) 
 
Statistics Theory and Practice-Sancheti and Kapoor( Sultan Chand and Sons New Delhi) 
 
Business Statistics: S.C Gupta (Himalya Publishing House) 
 
Statistical Methods:-S.P Gupta, Archana Gupta(Sultan Chand& Sons, New Delhi) Stattistical Methods-K.N Nagar 
 
Business Statistics-Yadav, Jain, Mittal (Malik and Company Jaipur) Fundamentals of Statistics: S. C Gupta (Himalya Publishing House) 
 
 
Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless
Academic Year: