BUSINESS STATISTICS 1.

applications Graphical and tabular descriptive techniques Art and Science of graphical presentation: Excellence, deception, and presentation 2. NUMERICAL DESCRIPTIVE TECHNIQUES: MEASURE OF CENTRAL TENDENCY Averaging; limitations of averaging AM, GM, and HM Choice of appropriate average Median 3. NUMERICAL DESCRIPTIVE TECHNIQUES: MEASURES OF VARIATION Meaning and significance Absolute vs. relative measures of variation Range and coefficient of range Average deviation (group; ungrouped) and its coefficient S.D. and its coefficient, combined S.D. and properties Choice of appropriate measure of variation 4. DATA COLLECTION AND SAMPLING Methods of collecting data Sampling Sampling plans Sampling and nonsampling errors 5. SAMPLING DISTRIBUTION Sampling distribution of the mean Sampling distribution of a proportion Sampling distribution of the difference between two means Prologue to inference 6. ESTIMATION Estimates: Meaning, types, and charactertics of an estimator Point estimates (means and proportions) Interval estimates (means and proportions) 7. INTRODUCTION OF HYPOTHESIS TESTING Concept Testing the population mean when population S.D. is known INTRODUCTION What is statistics; key concepts; business

Calculating the probability of a type II error

8. INFERENCE ABOUT A POPULATION Inference about a population mean when the S.D. is unknown Inference about a population variance Inference about a population proportion 9. INFERENCE ABOUT COMPARING TWO POPULATIONS Inference about difference between two means: Independent samples Observational and experimental data Inference about difference between two means: matched pair experiment Inference about the ratio of 2 variances Inference about difference between 2 population proportions 10. ANALYSIS OF VARIENCE One way analysis of variance Multiple comparisons Analysis of variance experimental design Randomized two way analysis of variance Two factor analysis of variance 11. CHI-SUQARE TESTS Chi-squared goodness of fit test Chi-squared test of a contingency table Summary of test on nominal data 12. CORRELATION ANALYSIS Significance of studying Correlation Correlation and Causation Types of Correlation Methods of studying Correlation - Scatter diagram method - Karl Pearsons coefficient of Correlation (ungrouped & bivariate distribution) Properties of Correlation
13. REGRESSION ANALYSIS

Difference between correlation & regressions Regression lines Regression equations Regression coefficients - Methods of studying regression coefficient (ungrouped) - Method of least squares

- Method of deviation taken from actual mean - Method of deviation taken from assured mean Bivariate distribution Properties of regression coefficients

14. TIME SERIES ANALYSIS Time series components Smoothing techniques Trends and seasonal effects 15. INDEX NUMBERS Index numbers: as specialized averages Uses of index numbers Problems in the construction of index numbers Methods of constructing index numbers: - Weighted Vs. Unweighted indices - Simple aggregative vs. Simple average of price relatives method - Laspeyres, Paasche, Dorbish - Edgeworth, fishers ideal method - Base shifting, splicing and deflating the index numbers applications

Reference books
Levin & Rubin: Statistics For Management (Pearson : Latest edition): Relevant chapters