Descriptive Statistics - Definition, Functions, Scope, Application in Business, Law of Statistics, Limitations of Statistics; Collection and Presentation of Statistical Data-Primary and Secondary Data, Classification and Tabulation, Frequency Distribution, Cross Tabulation; Diagrams and Graphs;
Measures of Central Tendency -Mean, Median, Mode; Measures of Dispersion-Mean Deviation, Standard Deviation, Range, Coefficient of Variation
Bi-variate Analysis-Covariance, Coefficient of Correlation
Mathematics of Finance: Simple Interest, Compound Interest; Time Value of Money Compounding & Discounting, Present Value & Future Value of an Annuity
Random Experiments, Sample Spaces, Events and Probability, Approaches to Probability- Classical & Empirical; Expected Value.