MBA 1st Year Business Statistics Question Answer Sample Model Papers Study Notes
Business Statistics (RMB-104)
Unit-1 : Scope, Function and limitations of statistics, Measures of central tendency-Mean, Median, Mode, Percentiles, Quartiles, Measures of dispersion-Range, Interquartile range, mean deviation, mean absolute deviation, standard deviation, Variance, Coefficient of variation.
Measures of Shape and relative location; Skewness and kurtosis; Chebyshev’s Theorem.
Unit-II : Time Series Analysis: Concept, Additive and Multiplicative models, components of time series, Trends Analysis;least squares method-Linear and non-linear equations, Applications in business decision-making.
Index Numbers: Meaning, Types of Index numbers, uses of index numbers, construction of price, quantity and volume indices;Fixed base and chain base methods.
Unit.III : Correlation Analysis: Rank method and karl pearson’s coefficient of correlation and properties of correlation.
Regression Analysis: Fitting of a regression line and interpretation of results, Properties of regression coefficients and relationship between regression and correlation.
Unit-IV: Probability: Theory of probability, Addition and multiplication law, Baye’s theorem. Probability Theoretical Distributions: Concept and application of binomial, poisson and normal distributions.
Unit-V : Estimation Theory: Theory of estimation, point estimation, Interval estimation.
Hypothesis Testing: Null and alternative hypothesis: Type I and Type II errors; Testing ofhypothesis: Large sample test, Small sample test, (t,f,z test and Chi-square test)
Section Wise Mock Papers-Set-1
Section Wise Mock Papers-Set-2
Examination Papers 2016-17