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Statistics
To develop an understanding of the statistical tools and their application in Business, Finance and Economics.
Statistical description of Data
Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution – Histogram, Frequency Polygon, Ogive, Pie chart.
Measures of Central tendency and Dispersion
Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation.
Probability
Independent and dependent events; mutually exclusive events. Total and Compound Probability and Mathematical Expectation.
Theoretical Distributions
Theoretical Distributions: Binomial Distribution, Poisson distribution – Basic application and
Normal Distribution – Basic applications.
Correlation and Regression
Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank
Correlation, Probable Error and Probable limits. Regression lines, Regression equations,
Regression coefficients.
Index Numbers and Time Series
(i) Index Numbers: Uses of Index Numbers, Problems involved in construction of Index
Numbers, Methods of construction of Index Numbers.
(ii) Time Series Analysis : Components of Time Series and Calculation of Trend by Moving
Average Method.
Reference Books
1. Study Material Published by Institute of Chartered Accountants of India
2. Statistics Theory and Practice-Sancheti and Kapoor( Sultan Chand and Sons New Delhi)
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
