Statistics :
Meaning and Scope of Statistics – Statistics as applied in the field of Business and Economics. Compilation, Classification and Tabulation of Data.
Frequency distribution and Graphs – Diagrammatic representation including different types of Charts, Bar Diagram, Pie-Diagram, Histogram, Pictograms.
Measures of Central Tendency – Compilation of Arithmetic Mean, Median, Mode, Comparison of Mean, Median, Mode. Other Measures of Central Tendency.
Measures of Dispersion – Meaning of Dispersion Range. Mean Deviation and Standard Deviation. Quartile Deviation.
Moments and Measures of Skewness and Kurtosis.
The normal curve—standard form—properties of the normal curve.
Linear Regression and Correlation—Regression—Coefficient of Correlation—relation between coefficient of Regression and Correlation.
Time Series, Moving average, trend and fluctuation—analysis of time series—elimination of seasonal fluctuation by moving averages. The least square method-fitting of straight lines. Business forecasting.
Index Number and their uses—Problems in the construction of Index Numbers—Cost of living Index Number—Indian examples—Fisher’s ideal index—time reversal test.
The main sources of official Statistics—their character and meaning—shortcomings of official statistics.