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STATISTICS
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Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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On successful completion of this subject, students should be able to: CO 19:Construct statistical series, tabular and graphical representation of data CO 20:Calculate measures of central tendency, dispersion and asymmetry, CO 21:Examine discrete and continuous probability distributions to various business problems CO 22:Predict values of strategic variables using regression and correlation analysis CO 23:Construct index numbers and quantitative issues in business |
Interactive Lectures, Discussion, Tutorials, assignments. Self-learning assignments, Effective questions, Giving tasks,
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects |
• 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: 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: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers
Study Material Published by Institute of Chartered Accountants of India
Sancheti and Kapoor Statistics Theory and Practice, Sultan Chand and Sons, New Delhi
