Business Mathematics and Elementary Statistics

Mathematics

Unit – I:
Elementary Ideas of Arithmetic Progression, Geometric Progression and Harmonic
Progression, Permutation and Combination, Binomial Theorem.

Unit – II: Set Theory -
Definitions, Union Intersection and Difference of Sets (1) Elementary Ideas of
Determinations and Matrices, Variables and Functions.

Statistics

Unit – III: Introduction -
Meaning, Nature, Scope, Limitation and Importance of Statics, Collections of Data,
Census Survey and Samples Survey, Direct and Indirect, Personal Investigation on the
basis of existing documents, Preparation of Questionaries’ and Schedules.
Sample Survey –
Population, Sampling Units and Sampling Variance, Concept of Purposive and
Probability Sampling, Simple Random Sampling, Stratified Random, Sampling,
Systematic Sampling, Two Stage Sampling and Cluster Sampling.
Graphic Representation of Data –
Histograms, Frequency Polygon, Frequency Curve, Ogives of Less Than and More Than
Types.

Unit – IV: Statistical Tools and Interpretation -
Measure of Central Tendency –
Arithmetic Mean, (Simple and Weighted Average), Median, Mode, Quartiles, Deciles
and Percentiles, Their Relative Importance and Limitations.
Measures of Dispersion –
Range, Mean Deviation and Standard Deviation, Quartile Deviation.

Unit – V: Correlation -
Meaning, Uses and Types, Degree of Correlation and its Nature, Product Moment
Correlation and Rank Correlation.