Business Statistics University of Mumbai BMS 1st Sem Notes

Unit 1 Introduction to Statistics {Book}
Functions/Scope, Importance, Limitations of StatisticsVIEW
Data: Relevance of data in Current scenarioVIEW
Types of Date:VIEW
Primary Data: Census vs SamplesVIEW
Method of Primary data collectionVIEW
Secondary Data: Merits, Limitations, SourcesVIEW
Presentation of Data: Classification, frequency distribution, Discrete & continuousVIEW
Data TabulationVIEW
Graph:
Frequency TableVIEW
Bar Diagram, HistogramVIEW
Pie chartVIEW
OgivesVIEW
Measures of Central Tendency:
Mean (AM, Weighted, Combined)VIEW
Median (Calculation and graphical using ogives)VIEW
Mode (Calculation and Graphical using Histogram)VIEW
Comparative analysis of all measures of central TendencyVIEW

 

Unit 2 Measures of Dispersion, Co-relation and Linear Regression {Book}
Measures of Dispersion:
Range and co-efficient of RangeVIEW
Quartiles, Quartile Deviation and Quartile co-efficientVIEW
Mean deviation with mean, Co-efficient of mean deviationVIEW
Standard deviation with co-efficient of VarianceVIEW
SkewnessVIEW
KurtosisVIEW
Co-Relation:
Karl Pearson & Rank co-relationVIEW
Linear Regression:
Least Square MethodVIEW

 

Unit 3 Time Series and Index Number {Book}
Time Series:
Least Square MethodVIEW
Moving average MethodVIEW
Determination of SeasonVIEW
Index Number:VIEW
Unweighted, Weighted Aggregate Method: Simple, Weighted average of Price RelativesVIEW
Chain based index NumbersVIEW
Base Shifting, Splicing and DeflatingVIEW
Cost of Living Index NumberVIEW

 

Unit 4 Probability and Decision Theory {Book}
ProbabilityVIEW
TypesVIEW
Concept of Sample space, EventVIEW
Addition and Multiplication laws of ProbabilityVIEW
Conditional ProbabilityVIEW
Baye’s TheoremVIEW
Expectation & VarianceVIEW
Concept of Probability distributionVIEW
Decision Theory: Acts, State of Nature eventVIEW
Pay offs, opportunity lossVIEW
Decision making under certainty, uncertainty, RiskVIEW
Non-Probability:
Maximax, Maximin, Minimax, Regret, Laplace & HurwiczVIEW
Probabilistic (Decision making under risk): EMV, EOL, EVPIVIEW
Decision TreeVIEW

 

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