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Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. 1. Classification and Tabulation of Data : Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation. SECTION-A SECTION-C NOTES. Presentation of Data, Diagrammes/Graphs of Frequency Distribution and Histograms Ratio Scale Graph. Business statistics is a specialty area of statistics which are applied in the business setting. STUDY MATERIAL 5. If Y = aX ± b, where a and b are any two constants and a ∦ 0, then the quartile deviation of Y values is equal to: a Q.D(X) + b ∣a∣ Q.D(X) Q.D(X) - … PRIVACY POLICY SECTION-A 1. Introduction of Statistics : Growth of Statistics, Definition, Scope, Uses, Misuses and Limitation of Statistics, Collection of Primary & Secondary Data, Approximation and Accuracy, Statistical Errors. Business Statistics – Meaning and Importance. CAREERS WITH US Definition of Statistics 3. ABOUT US 2. TERMS AND CONDITIONS, VIDEO LECTURES Adm & Financial Mngt II Year (Video), Accountancy & Business Statistics III Year (Video), Eco. 2 sections B to N and division 95) which includes: Industry; Construction; Distributive trades; and ; Services. Correlation : Meaning and Significance, Scatter Diagram, Correlation Graph, Karl Pearson‘s Coefficient of Linear Correlation between two Variables in Grouped and Ungrouped Data by Direct and Shortcut Methods, Coefficient of Correlation by Spearman‘s, Rank Differences Method and Concurrent Deviation Method. 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Statistics is simply the study of … Introduction of Statistics : Growth of Statistics, Definition, Scope, Uses, Misuses and Limitation of Statistics, Collection of Primary & Secondary Data, Approximation and Accuracy, Statistical Errors. Statistics make it possible to analyze real-world business problems with actual data so that you can determine if a marketing strategy is really working, how much a company should charge for its products, or any of a million other practical questions. BLOGS Those who use statistical research in business should be familiar with how statistics are calculated, including how the mean, median and mode work together to create meaning from a set of numbers. What is Statistics ? CONTACT US Linear Regression. JOB ALERTS 3. 4. 9. Copyright © 2020 Free Study Notes for MBA MCA BBA BCA BA BSc BCOM MCOM MSc, All Rights Reserved. Skewness : Measures of Skewness. FAQs (THINK-TANK), International Financial Management(THINK-TANK), Management of Financial Services(THINK-TANK), Security Analysis & Portfolio Management(THINK-TANK), Sales & Distribution Management(THINK-TANK), Business to Business Marketing(THINK-TANK), Consumer Behavior & Market Research(THINK-TANK), Integrated Marketing Communication(THINK-TANK), Strategies Human Resource Management(THINK-TANK), Performance Management & Retantion Strategies(THINK-TANK), Leadership Skills & Change Mgmt. Information and translations of business statistics in the most comprehensive dictionary definitions resource on the web. 7. Meaning of business statistics. E-BOOKS Concept of Population and sample with illustration, Methods of Sampling SRSWR, SRSWOR, Stratified, Systematic. Business analytics is the statistical analysis of the data a business has acquired in order to make decisions that are based on evidence rather than a guess. SECTION-B Measures of Dispersion : Absolute and Relative Measures of Dispersion; Quartile Deviation, Mean Deviation, Standard Deviation and their Coefficients; Uses and Interpretation of Measures of Dispersion. Business Statistics refers to the application of statistical tools and techniques to business and managerial problems for the purpose of decision making. 1. BOARD OF STUDIES Classification and Tabulation of Data : Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation. The statistics can be broken down to a very detailed sectoral level (i.e. What does business statistics mean? Index Numbers : Meaning and Uses of Index Numbers, Simple and Weighted Price Index Numbers, Methods of Construction of Index Numbers, Average of Relatives and Aggregative Methods, Problems in Construction of Index Numbers, Selection of Variables, Base, Weight, Average and Formula; Fishers Ideal Index Number, Base Shifting, Splicing and Deflating. BUSINESS STATISTICS Unit l . Adm & Financial Mngt III Year (Video), Rural Development & Co- Operation(THINK TANK), Description about MAL-ABSORPTION SYNDROME, Nebulization therapy, Contraindication, Equipments and procedure. It has been used right from the existence of life on this earth, although the sphere of its utility was very much restricted. They cover the 'business economy' (NACE Rev. Mean, Median and Mode. several hundred economic activities). The Business Statistics and Analysis Specialization is designed to equip you with a basic understanding of business data analysis tools and techniques. Business Statistics; Page 1; Business Statistics. 2. Importance and Scope. Offered by Rice University. The science of statistics uses regression analysis, hypothesis testing, sampling distributions, and more to […] 8. Structural business statistics (SBS) describe the structure and performance of businesses in the EU. 6. Concepts 4. 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