Statistics

Paper Code: 
BCP-114
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

  • To develop an understanding of the statistical tools and their application in Business, Finance and Economics.

 

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCP-114

Statistics

On successful completion of this subject, students should be able to:

  • CO 23 Understand basic statistical concepts such as statistical collection, statistical series, tabular and graphical representation of data
  • CO 24 Calculate measures of central tendency, dispersion and asymmetry, correlation and regression analysis
  • CO 25 Independently calculate basic statistical parameters viz- mean, measures of dispersion, correlation coefficient, indexes, Time series
  • CO 26 Based on the acquired knowledge to interpret the meaning of the calculated statistical indicators
  • CO 27 Apply discrete and continuous probability distributions to various business problems
  • CO 28 Highlight statistical relationships between variables in data sets
  • CO 29 Predict values of strategic variables using regression and correlation analysis
  • CO 30 Deal with numerical and quantitative issues in business

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, assignments.

Learning activities for the students:

Self learning assignments, Effective questions,  Giving tasks,

 

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

 

12.00
Unit I: 
-
  • 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.

 

12.00
Unit II: 
-
  • 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.

 

12.00
Unit III: 
-
  • Probability: 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.

 

12.00
Unit IV: 
-
  • 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.

 

12.00
Unit V: 
-
  • Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers
  • Time Series Analysis: Components of Time Series and Calculation of Trend by Moving Average Method.

 

References: 
  • Study Material Published by Institute of Chartered Accountants of India
  • 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

Academic Year: 
2020-2021
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