PG DEPARTMENT OF COMMERCE

ISLAMIA COLLEGE OF SCIENCE & COMMERCE

SYLLABUS- BOS APPROVED: ☐YES √ NO

Semester: 2ND
PROGRAMME BACHELORS IN BUSINESS ADMINISTRATION

Course Title/Name: BUSINESS STATISTICS

COURSE CODE: B.B.A 2:1 Credits: 04

Total Course Hours: 60 Course Type Minor

Course Objectives:
To familiarize the students with various Statistical Data Analysis tools that can be used for effective decision making.
Emphasis will be on the application of the concepts learnt.

Course Outcomes:
At the end of the course, students are expected to get familiarized with the basic knowledge of statistical and other
functions contained therein related to formation of frequency distributions and calculation of averages, measures of
dispersion, measure of skewness, correlation, regression coefficient, Index numbers and basic sampling and probability
methods. This will enhance the skill of using such statistical methods in business and real-life problems.

SYLLABUS – CONTENTS
UNIT NUMBER: I No. OF LECTURES 22
UNIT CONTENTS: STATISTICS
Statistics: Concept, functions and scope. Statistical methods and types; Nature and classification of data.
Measures of Central Value: Characteristics of an ideal measure, Measures of Central Tendency - Mean, Median, Mode;
Merits, Limitations and Suitability of averages. Relationship between averages.
Measures of Dispersion: Meaning and Significance, Absolute and Relative measures of dispersion -Range, Quartile
Deviation, Mean Deviation, Standard Deviation, Coefficient of variation, Skewness – Bowley’s & Karl Pearson’s
Coefficient of Skewness; Kurtosis: Concept and Significance
UNIT NUMBER: II No. OF LECTURES 22
UNIT CONTENTS: CORRELATION ANALYSIS
Correlation Analysis: Meaning and significance, Correlation and Causation, Types of correlation, Methods of studying
simple correlation - Karl Pearson’s coefficient of correlation, Spearman’s Rank correlation coefficient and concurrent
deviations - probable error
Regression Analysis: Meaning and significance, Regression Vs. Correlation, Linear Regression, Regression lines (X on Y,
Y on X), Principle of least squares and regression lines, Regression Coefficients, properties of Regression Coefficients,
Regression Equations and Standard error of estimate
UNIT NUMBER: III No. OF LECTURES 22
UNIT CONTENTS: TIME SERIES ANALYSIS
Time series analysis: concept and its application in business decision making; Components and methods of
measurement; trend and Seasonal Variations. Fitting of trend line.
UNIT NUMBER: IV No. OF LECTURES 22
UNIT CONTENTS: INDEX NUMBERS
Index Numbers: Meaning and significance, Problems in construction of Index numbers, Methods of constructing index
numbers - weighted and unweighted, Test of adequacy of Index numbers, chain Index Numbers, base shifting, splicing
and deflating index number.
Probability: Basic concepts, Probability estimation approaches; Addition and multiplication laws of probability - simple
situation problems only;
TEXTBOOKS/ SUGGESTED READINGS:
1. S.P. Gupta, Statistical Methods, Sultan Chand & Sons, Latest Edition.
2. Richard Levin & David Rubin, Statistics for management, Prentice Hall.
3. Anderson, Sweeny & Williams, Statistics for Business and Economics, South Western.
4. D. N Elhance, Fundamentals of Statistics, Kitab Mahal.
REFERENCE:
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Note: - The pattern of term end examination shall follow 60:40 rule i.e. 60% numerical and 40% theory.