Text Books:
1. Business statistics: S.P. Gupta & M.P. Gupta
2. Manindra Kumar Roy; Paul, Jiban Chandra: Business Statistics
Reference Books:
1. Modern Business Statistics by Levin & Rubin
2. Statistical Techniques in Business and Economics by Mason and Lind
Course Contents:
Introduction: Definition, Characteristics of statistical data, Scope, functions, and limitations of statistics in business.
Data Collection and Presentation: Sources, Classification and tabulation of statistical data, Frequency distribution
and graphical representation of data.
Measures of Dispersion: Significance of Measuring Dispersion-Properties of A Good Avery Dispersion- Range-InterQuartile Range and quartile Deviation- Mean deviation-Standard deviation-Co-efficient of Variation and Their
application.
Skewness, Moments, and Kurtosis: Moments about arbitrary value- Moments from mean- Relation between
moments- measures of skewness & kurtosis and their uses.
Correlation Analysis: Significance of the study of Correlation and Causation- Types of Correlation- Scatter Diagram
Method- Karl Pearsons Coefficient of Correlation-Rank correlation Coefficient.
Regression analysis: Difference between regression and correlation analysis- Simple Regression Lines- Regression
Equation- Regression Co-efficient.
Probability: Meaning of Probability- Elements of Set Theory- Sample Space- Events- Theorems of Total Compound
Probability- Conditional Probability and Statistical Independence- Expected value of Random Variable.
Course Procedure: Course activities will include lectures and discussion of examples, homework, assignments, quizzes, a
midterm and a comprehensive final examination. Homework and assignments will be given during the classes. The completion
of these assignments before the deadline is absolutely essential for the mastering of this material.
Attendance: 5% of the total marks are allocated for attendance. If one does not attend at least 70% of the total classes, s/he
will not be allowed to take the final exam.
Marks distribution: Attendance 5%,
Quiz 15%,
Assignment 5%,
Midterm 25% and
Final 50%
Total 100%
2
Administrative Information: There will be two 1 hour 30 minutes lectures and one 1 hour 30 minutes consultation every
week for this course. A pass in this course will earn you 3 credits.
Lectures
Consultation
10:00 11:30 AM
Topics
Definition, Characteristics of statistical data, Scope, functions, and limitations of statistics in business
Collection of Data, Sources of Data, Aspects that should examine before using Secondary Data, Questioning VS
observation, Factors that should be kept in mind while designing a questionnaire, Advantages of pre-testing
questionnaire
Presentation of Data, Classification of Data, Tabulation of Data & Parts of a Table, Types of Tables, General Rules for
Constructing Diagrams
Absolute and Relative Measures of Dispersion, Properties, Problems, Significance of Measuring Dispersion-Properties
of A Good Avery Dispersion- Range-Inter-Quartile Range and quartile Deviation
Mid-Term Exam
10
Moments about arbitrary value, Moments about mean, Relation between moments
11
12
Significance of the study of Correlation and Causation- Types of Correlation- Scatter Diagram Method
13
14
15
16
17
Meaning of Probability- Elements of Set Theory- Sample Space- Events- Theorems of Total Compound Probability
18
19
Presentation
20
Presentation
21
Presentation
22
Solve class
23
FINAL EXAMINATION
There will be changes in lecture plans, if necessary, according to the progress of the students.