Statistics for Business Decisions – I (Sem 1, BBA, Bengaluru City Univ)

We have great pleasure in presenting First edition “Statistics 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 Statistics 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 –

Module – 1 Introduction to Statistics
Introduction
Meaning of Statistics
Definition of Statistics
Origin and Development of Statistics
Importance of Statistics
Scope of Statistics
Limitation of Statistics
Distrust of Statistics
Review Questions

Module – 2 Data Collection Organisation and Visualisation
Introduction
Data in Business Environment
Collection of Data
Techniques of Data Collection
Census Technique
Sampling Technique
Classification
Meaning of Classification of Data
Methods of Classification of Data
Tabulation
Meaning of Tabulation
Parts of a Table
Simple Problems on Tabulation
Diagrammatic Presentation
Bar Diagrams
Simple Bars
Multiple Bars
Percentage Sub-divided Bar Diagram
Two Dimensional Diagrams
Pie Diagram
Review Questions

Module – 3 Measures of Central Tendency
Introduction
Measures of Central Tendency
Calculation of Arithmetic Mean
Median and Mode for Individual
Discrete and Continuous Series
Problems (Direct Method only)
Geometric Mean (Simple problems)
Empirical Relation between Mean, Median and Mode
Review Questions

Module – 4 Measure of Dispersion
Introduction
Dispersion
Mean Deviation
Variance
Standard Deviation
Coefficient of Variance
Quartile Deviation
Coefficient of QD
Covariance
Measures of Skewness
Calculation of Karl Pearson’s Co-efficient of Skewness
Review Questions

Module – 5 Index Number
Introduction
Index Number
Construction of Index Number
Methods of Index Number
Simple Aggregative Method
Weighted Method (Fishers Ideal Index Number)
Tests of Adequacy (TRT, FRT)
Consumer Price Index Number
Review Questions

Skill Developments Activities