Meaning and definition of Statistics Nature, Scope, Significance of statistics and mathematics Sources of data Types of data Methods of data collection Classification and Tabulation of data Types of classification and tables Rules of classification and tabulation.
UNIT II :
Frequency distribution Importance and different types of graphs and diagrams Sampling techniques and sources.
UNIT III :
Measures of Central Tendency : Arithmetic Weighted mean Median, Mode Geometric mean and Harmonic mean Measures of Dispersion, range, quartile deviation, mean deviation, standard deviation, coefficient of variation Application of measures of central tendency and dispersion for business decision making.
UNIT IV :
Correlation : Introduction, Significance and types of correlation Methods of correlation Co-efficiency of correlation.
UNIT V :
Regression analysis Meaning and utility of regression analysis Comparison between correlation and regression Interpretation of regression coefficients.
UNIT VI :
Probability Meaning and definition of probability Significance of probability in business application Theories of probability Addition and multiplication Conditional laws of probability Binominal Poisson Uniform Normal and exponential distribution.
UNIT VII:
Derivatives : Derivative: Basic laws of derivative Derivatives of some important functions Higher order derivatives.
UNIT VIII :
Differentiation : Calculation of certain limits through derivative Marginal profit Elasticity of demand with respect the price.
REFERENCES
Statistics for Management, Richard I Levin, David S.Rubin, Pearson, 2008