Name of The Statistics I

Course
Course Code DBAD3002
Prerequisite Basics of statistics
Co-requisite
Anti-requisite
L T P C
3 0 0 3

Course Objectives

This course will introduce students to basic statistical methods, with a focus on the
understanding and knowledge of these methods to the business world. Students should be able
to apply basic statistical techniques and methods for grouping, tabular and graphical display
and interpretation of statistical data.

Course Outcomes

CO1 To describe the basic concepts of Statistics and types of data (K1).
To explain the basic concepts of measure of central tendency using presentation of data
CO2
(K2).
CO3 To understand the concept of measure of dispersion (K2)
CO4 To explain the basic concept of Skewness, kurtosis and time series (K1, K2)
CO5 To understand correlation and regression coefficients and relationship between them (K2)
CO6 To apply MS Excel tools to learn statistical concepts. (K3)

Continuous Assessment Pattern

Internal Assessment (IA) Mid Term Exam (MTE) End Term Exam (ETE) Total Marks

30 20 50 100

Course Content:

Unit I: Introduction of Statistics (7 lecture hours)

Origin, development, definition, scope, uses and limitations. Types of Data: Qualitative and
quantitative data, nominal and ordinal data, cross sectional and time series data, discrete and
continuous data, frequency and non-frequency data. Collection and Scrutiny of Data: Collection of
primary and secondary data-its major sources including some government publications, scrutiny of
data for internal consistency and detection of errors of recording, classification and tabulation of data.

Unit II: Presentation of Data (7 lecture hours)

Diagrammatic and graphical presentation of grouped data; graphing the data constructing
histograms, frequency polygon, frequency curve and ogives. Measures of Central Tendency
and Location: Mean, median, mode, partition values-quartiles, deciles, percentiles.

Unit III: Measure of Dispersion (9 lecture hours)

Absolute and relative measures of range, quartile deviation, Mean deviation, standard
deviation, variance of the combined series, Coefficient of variation
Unit IV: Measures Shape Of The Distribution (6 lecture hours)

Concept of Skewness, kurtosis; Time Series – Introduction And Importance, Components Of

Time Series, least cost method, moving average method, Seasonal, Cyclical Study.
Unit V: Correlation and Regression (6 lecture hours)

Simple Correlation, correlation between two variables (grouped and ungrouped data); Karl
Pearson’s Coefficient of correlation; Rank Correlation; Regression: - Concept, regression lines,
Curve Fitting In Scatter Diagrams, Simple Linear Regression Equation, Coefficient Of
Determination (R-Squared), Difference Between Correlation And Regression.

Unit VI: Use of MS-Excel as Statistical Analysis tool (5 lecture hours)

Practice questions: Measure Central tendency, Measure of Dispersion, Measure of shape of

the Distribution, Correlation and Regression on MS-Excel.

Suggested Readings:

1. Business Statistics by Naval Bajpai. 2nd edition. Pearson Education. 2013

2. Business Statistics: For Contemporary Decision Making by Black, Ken: Wiley. 2010.
3. Business Statistics by N D Vohra; McGraw Hill
4. Fundamentals of Statistics by Goon, A.M., Gupta, M.K., and B. Das Gupta, Vol-I.