FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS
STATISTICS FOR MANAGEMENT Unit-IIntroduction: Definition of Statistics, Characteristics, Functions, Importance, Limitations and Types of Statistics, Uses of Statistics in Functional Areas of Management, Introduction to Sampling. Classification and Presentation of Data: Frequency Distribution – Discrete and Continuous Frequency Distribution; Diagrammatic and Graphic Representation – Line, Bar, Rectangle and Pie Diagram, Graphs – Histograms, Frequency Polygon, Cumulative Frequency Curves or Ogives – Advantages and Limitations of Diagrams and Graph, Tabulation – Types of Tables. Unit-IIMeasures of Central Tendency and Dispersion: Average – Concept, Types, Mathematical Averages – Arithmetic, Geometric, and Harmonic Mean, Position and Locational Averages, Median, Mode. Measures of Dispersion – Range, Quartile Deviation – Mean and Standard Deviation, Variance – Coefficient of Variance – Comparison of Various Measures of Dispersion, Skewness – Relative Measures of Skewness – Karl Pearson, Bowley, Kelly – Coefficient of Skewness, Kurtosis. Unit-IIICorrelation and Regression: Correlation – Scatter Diagram, Karl Pearson’s Coefficient of Correlation, Spearman’s Coefficient of Rank Correlation; Concurrent Deviation; Regression Method of Least Squares, Method of Regression Coefficient, Properties of Regression Coefficient, Partial and Multiple Correlation and Regression Coefficient. Unit-IVTime Series and Forecasting: Time Series – Introduction, Objectives of Time Series, Identification of Trend, Variation in Time Series – Secular Variation, Cyclical Variation, Seasonal Variation, and Irregular Variation, Methods of Estimating Trend, Choosing Appropriate Forecasting Model. Unit-VProbability and Probability Distribution: Classical and Axiomatic Approaches, Basic Theorems – Addition, Multiplication – Conditional and Bayes Theorem, Random Variables and Concept of Probability Distribution. Theoretical Probability Distributions – Binomial, Poisson, and Normal, Exponential Distribution and its Problems.
