Syllabus Business Statistics and Logic - (BB01001031) Total Credits L+T+(PR/2) Assessment Pattern and Marks Total Marks C Theory Tutorial / Practical ESE (E) PA / CA (M) PA / CA (I) ESE (V) 4 70 30 50 0 150 Unit No. Content 1 Unit 1 : Introduction to Business Statistics Introduction to Statistics - Overview - Definition, Functions, Scopes & Limitations. Types of Data - Primary and Secondary Data, Organization of Data - Frequency Tables and Frequency Distribution, Presentation of Data - Bar Graph, Pie-Chart, Line Graph, Histograms & Frequency Polygons. (Chapter - 1) 2 Unit 2 : Measurement of Central Tendency & Dispersion Measurement of Central Tendency - Arithmetic Mean, Median, Mode, Percentile and Quartile (for Ungrouped and Grouped Data. Measures of Dispersion - Concept of Dispersion, Absolute and Relative measure of Dispersion, Range, Variance, Standard Deviation, Coefficient of Variation and Basic Concept of Skewness & Kurtosis. (Chapter - 2) 3 Unit 3 : Linear Correlation, Regression & Index Numbers Correlation - Meaning, Definition, Scatter Plot Diagram of Correlation, Karl Pearson's Coefficient of Correlation, Spearman's Rank Correlation Coefficient. Simple Linear Regression - Lines of Regression, Concepts and uses of index numbers - Construction of Index Numbers : Laspeyres, Paasche, and Fisher’s Ideal Index, Cost of Living Index number. (Chapter - 3) 4 Unit 4 : Fundamentals of Logic Basic Logical Concepts : Propositions, Arguments, Validity, Soundness. Methods of Reasoning : Deductive and Inductive Reasoning. Permutation & Combination: Methods and their Business Applications. (Chapter - 4) 5 Practical : The practice assignments of Tabulation, Graphical presentation of Data, Measurement of Central Tendency, Correlation, Regression, Index Number, etc should be given to students. A project report to understand the application of statistics in real life situations which helps to implement the classroom learning to find solutions for current issues in the society / businesses / economy. (Chapter - 5)
