Statistics for Business Management(MA715)
Course Name:
Statistics for Business Management
Programme:
Semester:
Category:
Credits (L-T-P):
Content:
Role of Statistics in Decision Making, Collecting & Tabulating Data-Measure of Central Tendency and Dispersion in Frequency Distribution, Probability Theory: Classical, Objective & Subjective Approach-Addition, Multiplication & Bayes Theorem –Applications-Binomial, Poisson and Normal - Decision Making Under Certainty, Uncertainty and Risk -Sampling and Sampling Distribution: Types of Sampling - Random Sampling-Concept of Standard Error Central Limit Theorem. Testing of Hypotheses, Significance Level-Type I & Type II Error- One-Two Tail Tests - Hypothesis Testing of Means, Variance & Proportions -Chi-Square Tests- Goodness of Fit, Independence of attributes, Correlation and Regression Analysis