S. No.Reference No.ParticularsSlide From – To 1.Chapter 1 Introduction to Business Statistics08 – 21 2.Chapter 2Descriptive Statistics: Collection, Processing and Presentation of Data22 – 36 3.Chapter 3Measures of Central Tendency37 – 51 4.Chapter 4Measures of Dispersion52 – 66 5.Chapter 5Skewness and Kurtosis67 – 79 6.Chapter 6Correlation Analysis80 – 98 7.Chapter 7Regression Analysis99 – 114 8.Chapter 8Theory of Probability115 – 134 9.Chapter 9Probability Distribution135 – 153 10.Chapter 10Use of Excel Software for Statistical Analysis154 – 194 Course IndexCourse Index1– 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 IntroductionCourse Introduction1– 3Cont….
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– 4Cont….
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”. – Webster1– 5Cont….
Statistical methods are broadly divided into five categories. These are Descriptive Statistics, Analytical Statistics, Inductive Statistics, Inferential Statistics, Applied StatisticsStatistics 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– 6Cont….
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.