Business Statistics-I Osmania University BCOM 3rd Semester 2025-26 Notes

Unit 1
Business Statistics, Meaning, Scope, Importance and Limitations of Statistics in Business and Commerce VIEW
Statistical Investigation VIEW
Planning of a Statistical Enquiry VIEW
Sources of Data VIEW
Primary and Secondary Data VIEW
Methods of Collecting Data VIEW
Census VIEW
Sampling Methods VIEW
Errors in Statistical Investigation and Approximation VIEW
Organization of Data, Classification and Tabulation of Data VIEW
Frequency Distribution and Grouped Frequency Tables VIEW
Diagrammatic Presentation of Data VIEW
Graphical Presentation of Data, Bar Diagrams, Pie Diagrams and Line Graphs, Histograms VIEW
Unit 2
Definition and Types of Data VIEW
Individual Series, Discrete Series and Continuous Series VIEW
Meaning And Importance of Measures of Central Tendency VIEW
Arithmetic Mean, Computation for Individual, Discrete and Continuous Series VIEW
Combined Mean, Weighted Mean VIEW
Geometric Mean, Meaning, Computation and Applications VIEW
Harmonic Mean, Meaning, Computation and Applications VIEW
Partition Values, Median , Quartiles, Deciles and Percentiles, and Mode VIEW
Comparison of Averages VIEW
Advantages and Limitations of Different Measures of Central Tendency VIEW
Unit 3
Dispersion, Meaning, Characteristics, Significance, Absolute and Relative Measures of Dispersion VIEW
Measurement of Dispersion through Range, Quartile Deviation, Mean Deviation and Standard Deviation VIEW
Computation and Applications for Individual, Discrete and Continuous Series VIEW
Relative Measures of Dispersion VIEW
Coefficient of Range VIEW
Coefficient of Quartile Deviation VIEW
Coefficient of Mean Deviation, Combined Standard Deviation VIEW
Applications of Dispersion in Business and Economic Analysis VIEW
Advantages and Limitations of Various Measures of Dispersion VIEW
Unit 4
Coefficient of Variation, Meaning and Significance VIEW
Relative Measure of Dispersion, Computation and Interpretation VIEW
Comparison of Consistency and Stability of Two or More Series VIEW
Lorenz Curve, Meaning and Significance, Construction of Lorenz Curve, Measurement of Inequality and Concentration VIEW
Application of Lorenz Curve in Income, Wealth and Market-Share Analysis VIEW
Skewness, Meaning and Significance, Symmetrical and Asymmetrical Distributions, Positive and Negative Skewness, VIEW
Karl Pearson’s Coefficient of Skewness, Interpretation and Applications VIEW
Bowley’s Coefficient of Skewness, Interpretation and Applications VIEW
Kurtosis, Meaning and Significance, Types of Kurtosis, Interpretation of Kurtosis in Statistical Analysis VIEW
Unit 5
Index Numbers in Economic and Business Analysis, Meaning and Importance, Uses and Limitations VIEW
Problems in the Construction of Index Numbers VIEW
Methods of Constructing Index Numbers, Simple Index Numbers and Weighted Index Numbers, Fisher, Laspeyres, Paasche’s and Marshall Edgeworth Methods VIEW
Tests of Adequacy of Index Numbers, Unit Test, Time Reversal Test and Factor Reversal Test, Base Shifting VIEW
Splicing of Index Numbers VIEW
Deflating of Index Numbers VIEW
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