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Statistics [1]

Paper Code: 
25BCP114
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to develop an understanding of the statistical tools and their application in Business, Finance and Economics.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

title

25BCP114

Statistics

(Theory)

   CO 19 Construct           statistical series, tabular     and graphical     representation of data.

   CO 20 Calculate     measures of central   tendency, dispersion and   asymmetry.

   CO 21 Apply discrete and   continuous probability     distributions to various   business problems.

   CO 22 Solve problems of     theoretical distributions

   CO 23 Predict values of     strategic variables using   regression and correlation   analysis. Construct index   numbers and quantitative   issues in business.

   CO 24 Contribute     effectively in course   specific  interaction.

Approach in teaching:

Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

Learning activities for the students:
Self-learning assignments, Case Study Analysis, Presentations, Group Discussions

 

Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects.

 

9.00
Unit I: 
Statistical Representation of Data and Sampling
  • 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: 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: 
Probablity
  • Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and Bayes’ theorem

 

9.00
Unit IV: 
Theoretical Distributions
  • Theoretical Distributions: Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions, Binomial Distribution, Poisson distribution – basic application and Normal Distribution – basic applications.

 

9.00
Unit V: 
Correlation , Regression and Index Numbers
  • Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, 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, BSE SENSEX and NSE.

 

Essential Readings: 
  • Study Material Published by Institute of Chartered Accountants of India

 

SUGGESTED READINGS:

  • Sancheti and Kapoor Statistics Theory and Practice, Sultan Chand and Sons, New Delhi
  • Kapoor & Sancheti. Statistics Theory and Practice. Sultan Chand and Sons, New Delhi
  • Agarwal, NP & Chaturvedi A, Advanced Business Statistucs, Ramesh Book Depot

 

References: 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal
  • ICAI Student Journal

 

Academic Year: 
2025-2026 [5]

Follow Accounting and Taxation on:

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Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India Phone:- +91-141-2400160-61, 2397906-07, Fax: 2395494, 2781158

Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/statistics-11

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/statistics-11
[2] https://www.icai.org/post/foundation-nset
[3] https://www.bbau.ac.in/dept/UIET/EME-601%20Operation%20Research.pdf
[4] https://wdn2.ipublishcentral.com//himalaya_publishing_pvt/viewinsidehtml/50155555148926
[5] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026