Business
Statistics
Business
Statistics
S.
No.
Referenc
e No.
Particulars
Slide
From –
To
1.
Chapter 1
Introduction to Business Statistics
08 – 21
2.
Chapter 2
Descriptive Statistics: Collection, Processing and
Presentation of Data
22 – 36
3.
Chapter 3
Measures of Central Tendency
37 – 51
4.
Chapter 4
Measures of Dispersion
52 – 66
5.
Chapter 5
Skewness and Kurtosis
67 – 79
6.
Chapter 6
Correlation Analysis
80 – 98
7.
Chapter 7
Regression Analysis
99 – 114
8.
Chapter 8
Theory of Probability
115 – 134
9.
Chapter 9
Probability Distribution
135 – 153
10.
Chapter 10
Use of Excel Software for Statistical Analysis
154 – 194
Course
Index
Course
Index
1– 2
Managerial decision-making can be made efficient and effective
by
analyzing available data using appropriate statistical tools.
Statistical
tools not only have application in research (marketing
research
included) but also in other functional areas like quality
management,
inventory management, financial analysis, human
resource planning
and so on.
Course Introduction
Course Introduction
1– 3
Cont….
The word statistics is derived from the Italian word ‘Stato’ which
means ‘state’; and ‘Statista’ refers to a person involved with the
affairs
of state. Thus, statistics originally was meant for collection
of facts
useful for affaires of the state, like taxes, land records,
population demography, etc.
1– 4
Cont….
Significant contribution has also been made by Indians in the
field of statistics. Prof Prasant Chandra Mahalanobis, is the first to
pioneer
the study of statistical science in India. He founded the
Indian
Statistical
Institute
(ISI)
in1931.
Mahalanobis
viewed
statistics as a
tool in increasing the efficiency of all human efforts
and also
concentrated on sample surveys.
Statistics are the classified facts representing the conditions of
the people in the state…. specially those facts which can be stated
in
number or in table of numbers or in any tabular or classified
arrangement”. – Webster
1– 5
Cont….
Statistical methods are broadly divided into five categories.
These
are Descriptive Statistics, Analytical Statistics, Inductive
Statistics,
Inferential Statistics, Applied Statistics
Statistics is an indispensable tool of production control and
market research. Statistical tools are extensively used in business
for
time
and
motion
study,
consumer
behaviour
study,
investment
decisions,
performance
measurements
and
compensations,
credit
ratings,
inventory
management,
accounting, quality control, distribution
channel design, etc.
1– 6
Cont….
Statistical analysis is a vital component in every aspect of
research.
Social surveys, laboratory experiment, clinical trials,
marketing
research,
human
resource
planning,
inventory
management,
quality
management
etc.,
require
statistical
treatment before arriving at
valid conclusions.
You've reached the end of your free preview.
Want to read all 195 pages?
