QUANTITATIVE ANALYSIS FOR BUSINESS DECISIONS-I

Unit 1: INTRODUCTION TO STATISTICS 
Meaning and Definition – Functions – Scope – Limitations.

Unit 2: CLASSIFICATION AND TABULATION OF DATA 08 Hrs
Collection of data – census and sample techniques. Classification of data, preparation of frequency
distribution and tabulation of data.

Unit 3: MEASURES OF CENTRAL TENDENCY 
Meaning and Definition Types of averages – Arithmetic Mean (Simple and Weighted), Median,
Mode (excluding missing frequency problems). Graphical representation of median and mode –
Ogive– curve, histogram, smoothed frequency curve and frequency polygon.

Unit 4: MEASURES OF DISPERSION AND SKEWNESS 
Meaning & Definition -Range, Quartile Deviation, Mean Deviation Standard Deviation and Coefficient of Variation. Skewness: Meaning, uses, and problems on Karl Pearson’s’ Co-efficient of
skewness.

Unit 5: INDEX NUMBERS 
Meaning & Definition – Uses – Classification – Construction of Index Numbers – Methods of
constructing Index Numbers – Simple Aggregative Method – Simple Average of Price Relative
Method – Weighted index method – Fisher’s Ideal method (including TRT & FRT) – Consumer Price
Index – Problems.