Identify various data types - Create appropriate visual displays - Calculate and interpret common descriptive statistics - Calculate and interpret common probabilities.
Properties of the Normal Distribution - Survey & Sampling - Confidence Interval for Means and Proportions - Business Application
Hypothesis Testing Basics - Hypothesis Testing for Means - Hypothesis Testing for Proportions
Finding the Equation of a Line - Revenue, Cost, Profit and Breakeven Models - Supply and Demand - Piece wise Models
Regression – Types – Line of Fit. Analysis of Variance – Types
Reference Book:
1. S.P. Gupta, ‘Statistical Methods’, 47th Edition, Sultan Chand & Sons, 2020. (Unit I, II, III, IV & V) 2. S.C. Gupta, ‘Fundamentals of Statistics’, 8th Edition, Himalaya Publishing House, 2020. (Unit I, II, III, IV & V) 3. Vijay K. Rohatgi and A.K.Md.EhsanesSaleh, ‘An introduction to Probability and Statistics’, 3rd Edition, Wiley, 2019. (Unit III, IV & V)
Text Book:
1. P.N.Arora & S.Arora, ‘Statistics for Management’, 7 th Edition, S. Chand, 2019. (Unit I, II, III, IV & V) 2. J.K. Sharma, ‘Business Statistics’, Vikas Publishing, 2020. (Unit I, II, III, IV & V)
