We have great pleasure in presenting First edition “Quantitative Analysis for Business Decisions – I” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to pro vide the students with thorough understanding of Quantitative Analysis for Business Decisions – I. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Introduction to Statistics
Introduction
Meaning of Statistics
Functions of Statistics
Uses of Statistics
Limitations of Statistics
Collection of Data
Sources of Data
Methods of Data Collection
Technique of Data Collection
Census and Sampling Techniques
Methods of Sampling
Review Questions
Practical Problems with Answer
Unit – 2 Classification and Tabulation of Data
Introduction
Classification
Meaning of Classification
Objectives of Classification
Methods of Classification of Data
Tabulation: Meaning of Tabulation
Parts of a Table
Simple Problems on Tabulation
Diagrammatic Presentation: One-dimensional Diagrams
Simple Bars
Multiple Bars
Percentage Sub-Divided Bar Diagram
Two Dimensional Diagrams
Pie Diagram
Review Questions
Practical Problems with Answer
Unit – 3 Measures of Central Tendency
Introduction
Measures of Central Tendency: Calculation of Arithmetic Mean
Median
Mode for Individual
Discrete and Continuous Series
Review Questions
Practical Problems with Answer
Unit – 4 Measures of Dispersion and Skewness
Introduction
Measures of Dispersion
Meaning of Measures of Dispersion
Absolute and Relative Measures of Dispersion
Range
Mean Deviation
Standard Deviation
Problems on the above in Individual
Discrete Series
Continuous Series
Measures of Skewness:
Meaning of Skewness
Tests of Skewness
Measures of Skewness
Calculation of Karl Pearson’s Co-efficient of Skewness
Review Questions
Practical Problems with Answer
Unit – 5 Index Numbers
Introduction
Meaning of Index Numbers
Uses of Index Numbers
Classification of Index Numbers
Construction of Index Numbers
Methods of Constructing Index Numbers
Simple Aggregate Method
Simple Average of Price Relatives Method
Weighted Index Numbers
Fisher’s Ideal Index (including Time and Factor Reversal Tests)
Consumer Price Index
Review Questions
Practical Problems with Answer
Skill Development Activities