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DETAILS OF COURSES BC-301 BUSINESS STATISTICS & MATHEMATICS

DETAILS OF COURSES BC-301

BUSINESS STATISTICS & MATHEMATICS

STATISTICS

  1. Definition, Application in Business and Commerce.
  2. Classification and Tabulation.
  3. Statistical Enquiries, Diagrams and Graphs.
  4. Measures of Central Values.
  5. Measures of Dispersion.
  6. Skewness 
  7. Simple Correlation and Regression, Lines of Regression. Method of least square and curve fitting with application to Business.
  8. Index Numbers
    • Kinds of index numbers with special emphasis to consumer price index numbers.
  9. Probability
    1. Set theory
    2. Definition
    3. Laws of Probability
    4. Conditional probability,
    5. Independent and Dependent events; 
    6. Application in Business
  10. Random Variables: Introduction, Discrete and Continuous Random variables. Probability function. Expected values of Random variables.
  11. Tests of significance: Introduction, Tests for means and proportions for single and two populations.
  12. Sampling
  13. Chi-Square
  14. Statistical Package for Social Sciences

MATHEMATICS

Solution of simultaneous equation.
Solution of quadratic equation,
sequence Series and Progression;
Arithmetic & Geometric and their application in Business.

Metrics and
determinants:
Addition, Subtraction and Multiplication of Matrices,
Expansion of Determinants,
Inverse of a matrix,
Use of matrix in the solution of system of linear equations,
Mathematics for Finance,
simple and compound interest and annuities

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