Business Statistics (Theory)

Paper Code: 
ATG/BSG/FSG/BSR/FSM/HRG/IBG 212
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.

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG/BSG/FSG/BSR/FSM/HRG/IBG 212

Business Statistics

CO 1:Students will be able to acquire theoretical knowledge regarding basics of statistics.

CO 2:Student will be able to independently calculate basic statistical parameters (mean, mode & median).

CO 3:Student understands to calculate various types of variation.

CO 4:Provide an understanding on bivariate analysis.

CO 5:Understand the basic structure of index number and calculations involving various methods.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, White board teaching

 

Learning activities for the students:

Self learning assignments, Effective questions, Giving tasks, Software workshop

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments.

 

8.00
Unit I: 
Unit I: 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
Unit II: 
Unit II :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
Unit III: 
Unit III: 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
Unit IV: 
Unit IV: Correlation
  • Meaning and Significance,
  • Scatter Diagram Correlation Graph,
  • Karl Pearson’s Coefficient between two variables.
  • Coefficient of Correlation by Spearman’s Rank Difference Method
  •  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
Unit V: 
Unit V: 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

 

Essential Readings: 

 

 

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)

 

Academic Year: 
2020-2021
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