BUSINESS STATISTICS PAPER - II
COURSE LAYOUT (SYLLABUS)
D. R. K. College of Commerce, Kolhapur (Autonomous)
Syllabus of B. Com. – II (SEM – VI)
(To be introduced from June, 2023)
BUSINESS STATISTICS (PAPER-II)
Unit 1: Probability and Probability Distributions
Introduction: Definitions of random experiment, sample space, event, equally likely events, mutually exclusive events, independent events, classical definition of probability, definition of conditional probability, addition and multiplication laws of probability (without proof), numerical problems (without use of permutation and combination).
Probability Distributions: Binomial distribution: probability mass function, mean and variance (without proof), simple numerical problems to find probability and parameters. Normal distribution: probability density function, mean and variance (without proof), properties of normal curve, standard normal distribution, numerical problems to find probabilities for given area under standard normal curve.
Unit 2: Time Series
Definition and uses of time series, Components of time series, Methods of measuring trend: method of semi-averages, method of progressive averages, method of moving averages, and method of least squares, Numerical problems, Measurement of seasonal variations using simple average method, Numerical problems.
Unit 3: Index Numbers
Need, meaning, and uses of index numbers, applications of index numbers in share market, Price, quantity, and value index numbers, simple index numbers by simple aggregate method and simple average of relatives’ method (using A. M.), numerical problems, weighted index numbers by Laspeyre’s, Paasche’s, and Fisher’s formulae, numerical problems, Problems involved in construction of index numbers.
Unit-4: Statistical Quality Control
Introduction to Statistical Quality Control (SQC): Concept, advantages of SQC, types of variability: chance cause variability and assignable cause variability, Shewhart control chart and its construction.
Variable control charts: mean (X̅) and range (R) charts, numerical problems.
Attributes control charts: control chart for number of defectives (np-chart) for fixed sample size and control chart for number of defects per unit (c-chart), numerical problems.
REFERENCES
1. Gupta S. C. (2017) Fundamentals of Statistics, Himalaya Publishing House Pvt.Ltd.
2. Gupta S. P. (2018) Statistical Methods, Sultan Chand and Sons.
3. Gupta C. B. and Gupta Vijay (2004) An Introduction to Statistical Methods, Vikas Publishing House Pvt Limited.
4. Desai S. S. (2019) Business Statistics, Jay-Gauri.
5. Kumbhojkar G. V. (2017) Business Statistics, Phadke Prakashan.
6. Agrawal B. M. (2014) Essentials of Business Statistics, Ane Books Pvt. Ltd.
7. Business Statistics SIM (2020) Shivaji University, Kolhapur
Additional References:
INSTRUCTIONS TO STUDENTS
The course content in the form of pdf files, PowerPoint slides, and video lectures. Students are requested to browse the content of the syllabus weekly from the following google site.
Link : https://sites.google.com/view/bcomiisemiv23-24bspaper2/home
After thoroughly studying each sub-point / content of the unit, students are requested to appear and solve online quiz assignments using the link provided at the end of the week.
