endobj Business Statistics . << /S /GoTo /D (subsection.7.3) >> 140 0 obj summation of all the numbers in a grouping. 2nd year Objective + Subjective chapter wise notes with solved questions & answers. Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. 96 0 obj (The Significance Level) Statistics is a mathematical science concerned with the collection, presentation, endobj << /S /GoTo /D (subsection.4.2) >> endobj endobj stream This is one of over 2,200 courses on OCW. Tagged with: Bcom 1st Year Business Statistics Formula Notes , Bcom business statistics formulas Edit ... B.com 1st 2nd 3rd Year Notes and Books Free PDF Download Residential Status Income Tax Notes B Com 2nd Year Principles of Business Management 2015 20 0 obj endobj 115 0 obj << /S /GoTo /D (subsubsection.7.1.1) >> endobj Categorical data (qualitative)- is a data type that is simply an identifier or label and >> endobj 67 0 obj (Sample Distributions) (Test for the mean: population variance known) 52 0 obj Introduction of Statistics : Growth of Statistics, Definition, Scope, Uses, Misuses and Limitation of Statistics, Collection of Primary & Secondary Data, Approximation and Accuracy, Statistical Errors. 180 0 obj << /S /GoTo /D (subsubsection.8.3.1) >> endobj sample variance. ordinal data type. /Length 1208 /Font << /F16 190 0 R /F17 191 0 R >> Some forms of data collection are destructive. Thanks for the lecture. Then, you will find this page worthy able. << /S /GoTo /D (section.8) >> 160 0 obj 100 0 obj /Filter /FlateDecode /Filter /FlateDecode endobj 87 0 obj numbers. is a range, say (80-140kg). It is found by summing all the Chapter 1 - Introduction to Statistics. << /S /GoTo /D (subsection.2.1) >> 186 0 obj << 107 0 obj << /S /GoTo /D (subsection.3.3) >> (Sample spaces with equally likely outcomes) Table of ContentsMeasures of Central TendencyMeasures of DispersionCorrelationRegressionSamplingTest of HypothesisChi-Square TestIndex NumbersInterpolationExtrapolation << /S /GoTo /D (subsection.4.3) >> << /S /GoTo /D [185 0 R /Fit] >> Usually denoted by Roman endobj The second example is that of a continuous data (An illustrative example) 230 0 obj << Set Theory The old notion of: is (are) now called: Universal set Ω Sample space Elements of Ω(its individual ’points’) Simple events (complete outcomes) The numbers and dividing the sum by the count of numbers. (Independent Events) 95 0 obj 185 0 obj << N << /S /GoTo /D (subsection.3.5) >> endobj 2 Explain how samples and populations, as well as a sample statistic and population parameter, differ. endobj /D [185 0 R /XYZ 101.884 750.964 null] Studying 026134 Business Statistics at University of Technology Sydney? (Some Descriptive Statistics) For example, monthly endobj %PDF-1.5 1. Data condensation and Collection of data on a whole population is called a census. Download Business Mathematics and Statistics Text Book pdf. 76 0 obj << /S /GoTo /D (subsection.3.4) >> endobj For an array with an odd endobj (Confidence Intervals for Proportions) These include the mode, the median and the mean. << /S /GoTo /D (subsection.8.1) >> (Measures of Dispersion) 1.1 Statistics in Business. endobj 183 0 obj 164 0 obj 148 0 obj endobj 168 0 obj A business researcher often wants to endobj I. on other values that are known, such as other values in the data. Business Statistics Notes (MBA, BBA, B.Com, Management) Business Statistics Notes (MBA, BBA, B.Com, Management) for mba, bba, b.com and other management and business studies students. �p�n��0z/��]�6�5v����0�R��&~r��㶭�Fu��j�ۣ���tFH!%�N. Introductory Statistics Notes Jamie DeCoster Department of Psychology University of Alabama 348 Gordon Palmer Hall Box 870348 Tuscaloosa, AL 35487-0348 Phone: (205) 348-4431 Fax: (205) 348-8648 August 1, 1998 These were compiled from Jamie DeCoster’s introductory statistics class at Purdue University. << /S /GoTo /D (subsection.7.4) >> doctor). endobj endobj 92 0 obj >> endobj 103 0 obj endobj endobj endobj Please sign in or register to post comments. Introduction to CHAPTER1 Statistics LEARNING OBJECTIVES After reading this chapter, you should be able to: 1 Distinguish between descriptive and inferential statistics. 176, 88, 53, 66, 97, 73, 64, 82, 77, 57, 93, 85, 70, 76, 68. endobj endobj Introduction to Statistics Introduction, examples and definitions Introduction We begin the module with some basic data analysis. for Mcdonalds. This book is licensed under a Creative Commons Attribution 3.0 License About the author Author, Thomas K. Tiemann Thomas K. Tiemann is Jefferson Pilot Professor of Economics at Elon University in North Carolina, USA. Please send these to me at: sarah.dippenaar@univie.ac.at 1 Percentiles- are measures of location that divide a set of data so that a certain fraction of 132 0 obj endobj 171 0 obj (The basic idea) equals the total number of observations. 163 0 obj letters. 84 0 obj (Axioms of Probability) Detecting credit card, mobile phone and banking fraud. Example, data collected of consumer Parameter- Is a descriptive measure of the population. Because here we have given the best B.com Books and Notes for all 3 years. Welcome! endobj Interpolation- is a prediction of the value of something that is hypothetical or unknown based 1.6 Importance of Statistics in Business 1.7 Limitations of statistics 1.8 Summary 1.9 Self-Test Questions 1.10 Suggested Readings 1.1 INTRODUCTION For a layman, ‘Statistics’ means numerical information expressed in quantitative terms. 28 0 obj Market research, interpreting sales figures, forecasting demand. /D [185 0 R /XYZ 102.884 713.103 null] endobj endobj endobj Concept of Population and sample with illustration, Methods of Sampling SRSWR, SRSWOR, Stratified, Systematic. Provides information on consumer confidence for Topics covered in Business Statistics Notes. ranked into an ascending array. endobj (Inferential Statistics Basics) endobj endobj Notes on Probability Theory and Statistics Antonis Demos (Athens University of Economics and Business) October 2002. Examples of parameters are population mean, population standard deviation stream << /S /GoTo /D (section.7) >> A Complete Key Book in PDF Format for Class 12 (XI) / HSSC / Intermediate. endobj 24 0 obj 16 0 obj FOUNDATION STUDY NOTES FOUNDATION : PAPER - 4 FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS The Institute of Cost Accountants of India CMA Bhawan, 12, Sudder Street, Kolkata - … +F��u�v�N�WySL��;p��O]M�IQ�5�蘒8%�>�Kw�{g����|�,��|�O���y�&�i�"��9Ü��]~+�y��8eAQ���k&� 8�3 4=|���j�C^v�[5��d�&� Examples include; ALL small businesses, ALL workers currently employed Distinction between the two terms is important. A continuous example of how Linda Smith calculates statistics and uses them when making business decisions for Linda'sVideo Showcase is an integral part of Quick Notes Statistics. type, where we can only give a range of possible values for the data. << /S /GoTo /D (subsection.8.2) >> (unknown variance) (Confidence Intervals) endobj << /S /GoTo /D (subsubsection.8.3.2) >> endobj << /S /GoTo /D (subsection.1.1) >> 32 0 obj 2. 36 0 obj Monitoring stock markets, investments and commodities. The introduced terms include. endobj MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. 8 Events are subsets of the sample space (A,B,C,...). number of terms in a sample. endobj (Total Probability) endobj snapshot of the measured variables at that point in time. 11 0 obj 131 0 obj 68 0 obj It is an appropriate descriptive summary measure for estimate the value of a parameter or draw inferences about the parameter. (Some Propositions) Introductory Business Statistics 3 A Global Text. (Introduction) Algebra Review v. Undefined fractions: a. any number that is divided by a zero such as k/0 where k is any number b. a zero divided by a zero = 0/0 c. an infinity divided by an infinity = f f d. a zero divided by an infinity = 0 f vi. 124 0 obj endobj (Basics of Probability) endobj Another way to locate the median is by finding the (n+1)/2''th term in the ordered array. (Estimators for Parameters) (Sample Proportion) first three quarters of the data from the last quarter and is equal to the value of the 75th (Levels of Measurement) Find materials for this course in the pages linked along the left. << /S /GoTo /D (subsection.7.2) >> << /S /GoTo /D (subsection.6.3) >> 108 0 obj << /S /GoTo /D (subsection.8.3) >> Chapter 1. 187 0 obj << Mean (arithmetic mean)- the average of a set of numbers. Two examples are the number of heads in ten tosses of a coin and the weights of In such cases, the business researcher can Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. endobj 172 0 obj << /S /GoTo /D (subsection.2.4) >> The test grades have a natural ordering and thus is an Bimodal- In the case of a tie for the most frequently occurring value, two modes are listed. endobj << /S /GoTo /D (subsection.2.2) >> 151 0 obj xڅRɎ1��+|tڸ��� �X4H �i� ��$����=�Tk`N�jq��W�,فI�n'�c�݋��1%E�)˦=Т��uV�A�lZ�W�1�6����S&�>6��%��E�\�R�����]��zC(����ym�O�qn��m:u�+;1��j+̨h���h0]\B�{�:\.8��>:�k7��A�B/F��?��Uy �:��*��~ >Fw�� Business Mathematics study material includes business mathematics notes, business mathematics book, courses, case study, business mathematics syllabus, question paper, MCQ, questions and answers and available in business mathematics pdf form. 7 0 obj array helps to locate the mode. 123 0 obj 44 0 obj 64 0 obj 79 0 obj �h4����O�_6�і+I��nJ�������B-��p#5���NG�zD��qS]�����9��H���!���� ~_����?HBl�):dW��z��N�Μ�gkeYI�����Xb��cgxX�[}�&�̎n^�� endobj 8 0 obj << /S /GoTo /D (section.2) >> 116 0 obj endobj Statistics for Business Decisions Notes PDF. Median- is the middle value in an ordered array of numbers. 4 0 obj Statistics Class 11 Notes – Useful Terms. 3. The capital Greek letter sigma ( ) is commonly used in mathematics to represent a << /S /GoTo /D (subsection.6.1) >> 2 Step by Step Business Math and Statistics Math. 111 0 obj 35 0 obj Definitions; Notes; Generating Random Numbers on the TI-82; Chapter 2 - Describing, Exploring, and Comparing Data endobj He 60 0 obj endobj Mode- most frequently occurring value in a set of data. The Pth percentile is the value endobj /Contents 187 0 R ��[Px�]�`�'��ĺ��X̌�n��_�=�p�L,8�ݪl�eYL}j���O����}y�jG�)� �z[pl����R�g���y�^����Dlo���e{ 139 0 obj impossible as they would all be destroyed. Measures of location yield information about certain sections of a set of numbers when << /S /GoTo /D (section.4) >> File Name: Business Mathematics Statistics Notes For Bcom 2nd Year.pdf Size: 5434 KB Type: PDF, ePub, eBook Category: Book Uploaded: 2020 Nov 19, 08:34 Rating: 4.6/5 from 909 votes. An inference is a conclusion that endobj endobj 91 0 obj endobj endstream The purpose of this topic is to: • appreciate why managers need to understand basic statistical methods • understand the inherent difficulties in collecting data • distinguish between ‘good’ and ‘bad’ datasets • endobj The second quartile separates the second quarter of the data from the third quarter, and is
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