Business Statistics

The present edition of the Business Statistics book has been revised keeping in view the new syllabus prescribed for B.B.A. Semester II. The subject matter has been presented in simple language and in very lucid style so that students may gain an understanding of statistical techniques as are applicable to business.

In this revised edition following chapters have been thoroughly revised and enlarged and also many new Illustrations and Questions have been included. A chapter on Indian Statistics has been updated.

• • Statistical Averages: Measures of Central Tendency
  • Analysis of Time Series
  • Index Numbers

Every possible care has been taken to avoid errors of print and principle. Still, we stand apologetic for the errors, if any, having crept in the book unnoticed. The illustrations and exercises have been selected from the various Universities Examinations of the last ten years have been given topic-wise graded from easy to difficult.

Business Statistics Syllabus For B.B.A. Semester II of Dr. Bhim Rao Ambedkar University, Agra

Unit I:

Role of Statistical Techniques in the field of Business and Industry; Classification and tabulation of data, Frequency Distribution; Diagrammatic and Graphical Presentation of Statistical Data; Bar Diagram, Histogram, Frequency Polygon, Frequency Curve & Ogive.

Unit II:

Measures of Central Tendency; Mean, Median, Mode; G. M., H. M., Measures of Dispersion – Mean, Deviation, Standard Deviation and Co-efficient of Variation, Skewness, and Kurtosis.

Unit III:

Correlation – Karl Pearson and Ranking Methods, Regression, Regression Expressions, Lines of Regression. Interpolation and Extrapolation – Binomial Lagrange and Newton Methods.

Unit IV:

Analysis of Time Series – Measurement of Trend and relational; Chi-Square Test – Independence of Attributes and Goodness of fit. Probability – Definition, Addition and Multiplication rule, Conditional Probability, Bays Theorem; Theoretical Distribution; Binomial, Poisson and Normal.

Business Statistics Book Contents

1. Introduction: Meaning, Definitions, Significance, Scope, and Limitations of Statistics
2. Statistical Investigation
3. Census and Sampling Methods of Investigation
4. Collection of Primary and Secondary Data (including Questionnaire and Schedule)
5. Editing of Collected Data: Statistical Errors and Approximation
6. Classification and Tabulation of Data
7. Analysis and Interpretation of Data
8. Frequency Distributions and Statistical Series
9. Diagrammatical and Graphical Presentation
10. Graphs of Frequency Distributions
11. Statistical Averages: Measures of Central Tendency (Positional Averages and Mathematical Averages)
12. Partition Values: Quartiles and Percentiles
13. Dispersion and its Measures
14. Skewness and its Coefficients/ Measures
15. Correlation
16. Analysis of Time Series
17. Index Numbers
18. Regression
19. Interpolation and Extrapolation
20. Theory of Probability
21. Chi-Square Test
    ● Log, Anti-Log, and Other Tables