Business Statistics

Statistical Representation of Data

• Diagrammatic representation of data
• Frequency distribution
• Graphical representation of Frequency Distribution

• Frequency Polygon
• Histogram,
• Ogive
• Pie-chart

Measures of Central Tendency

• Mean
• Median
•  Mode
• Mean Deviation

Measures of Dispersion

• Coefficient of Quartile Deviation
• Co-efficient of Variation
• Quartile Deviation
• Quartile
• Standard Deviation

Correlation and Regression

• Karl Pearson’s Coefficient of Correlation
• Rank Correlation
• Regression coefficients
• Regression equations,
• Regression lines,
• Scatter diagram

Index Numbers

• Methods of construction of Index Numbers
• Problems involved in construction of Index Numbers
• Uses of Index Numbers

Time Series Analysis – basic application including Moving Average

• Method of Least Squares
• Moving Average Method

Probability

• Baye’s theorem
• Compound Probability
• Dependent events
• Independent and
• Mathematical Expectation
• Mutually exclusive events
• Odds
• Probability formulas 
• Probability terms
• Probability theorems
• Sample space
• What is probability

Theoretical Distribution

• Binomial Distribution
• Normal Distribution – basic application
• Poisson Distribution – basic application

Finite Mathematics

ICWAI MATH