STATISTICS

Paper Code: 
BCP 114
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

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,

 

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

 

9.00
Unit I: 
  • Statistical Representation of Data: Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution – Histogram, Frequency Polygon, Ogive, Pie-chart.
  • Sampling: Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling types of sampling, sampling and non-sampling errors.

 

9.00
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.

9.00
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

9.00
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.

9.00
Unit V: 

Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers. BSE SENSEX and NSE.

 

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

Sancheti and Kapoor Statistics Theory and Practice, Sultan Chand and Sons, New Delhi
E-RESOURCES:
https://www.icai.org/post.html?post_id=17790
JOURNALS:
The Chartered Accountant Journal /ICAI Student Journal

Academic Year: 
2023-2024
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