C.M.9 Business Statistics
Origin, Meaning, Scope and Limitations of Statistics, Relationship with business and Industry.
Collection of data-
Collection, Classification and Tabulations of Statistical data, Pie diagrams, Graphic Representation.
Measures of central tendency -
Mean, Median and Mode - Meaning and computation. Measure of dispersion - standard deviation - Coefficient of variation.
Simple Correlation and Regression-
Meaning, Karl Pearson correlation, Rank correlation, computations, uses, Regression Equations -Index Numbers -Concepts and uses, construction of index numbers, limitations, Test of Index numbers.
Probability Theory -
Basic concepts in probability. Statistical dependence and independence, Bayes theorem.