Definitions of random experiment, outcome, sample space, event, simple event, compound event, certain event, null event, equally likely events, mutually exclusive events, dependent events, independent events, exhaustive events, classical definition of probability, definition of conditional probability, addition law of probability (without proof), multiplication law of probability (without proof), numerical problems (without use of permutation and combination)
Binomial Distribution: probability mass function, mean and variance (without proof), properties (without proof) simple numerical problems to find probability and parameters. Poisson Distribution: probability mass function, mean and variance (without proof), simple numerical problems to find probability and parameter. 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.
Definition and uses of time series, Components of time series, Methods of measuring trend: 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.
Need, meaning, and uses of index numbers, applications of index numbers in share market, Problems involved in construction of index numbers. 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.
Gupta S. C. (2017) Fundamentals of Statistics, Himalaya Publishing House Pvt. Ltd.
Gupta S. P. (2018) Statistical Methods, Sultan Chand and Sons.
Gupta C. B. and Gupta Vijay (2004) An Introduction to Statistical Methods, Vikas Publishing House Pvt Limited.
Desai S. S., Jadhav N. H. and Waliv R. H. (2023) Business Statistics, Jay-Gauri.
Kumbhojkar G. V. (2017) Business Statistics, Phadke Prakashan.
Agrawal B. M. (2014) Essentials of Business Statistics, Ane Books Pvt. Ltd.
Business Statistics SIM (2020) Shivaji University, Kolhapur
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/bcomiisemiv25-26bspaper2/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.