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 - Piecewise Models
Regression – Types – Line of Fit. Analysis of Variance - Types
Reference Book:
S.P. Gupta, ‘Statistical Methods’, 43rd Edition, Sultan Chand & Sons, 2014. (Unit I, II, III, IV & V)
Text Book:
P.N.Arora & S.Arora, ‘Statistics for Management’, 5th Edition, S. Chand, 2007. (Unit I, II, III, IV & V) J.K. Sharma, ‘Business Statistics’, Vikas Publishing, 2014. (Unit I, II, III, IV & V)