Subject Guidelines: UGCF-NEP 2020

B. Com. (Honors): Semester IV

Business Statistics (DSC- 4.1)

Jointly Organized By
Department of Commerce, Delhi School of Economics, University of Delhi
and
Sri Guru Gobind Singh College of Commerce, University of Delhi

Date: 29th January, 2024

MINUTES
An online meeting was held on 29th January, 2024 at 3.00 PM on Google Meet Platform (Meeting link
https://meet.google.com/ytj-ctfo-zgp to prepare the guidelines as per UGCF-NEP 2020 curriculum for the
paper titled "Business Statistics" of B. Com. (Honors), Paper No. DSC- 4.1, Semester-IV. The meeting was
jointly organized by Department of Commerce, Delhi School of Economics, University of Delhi and Sri Guru
Gobind Singh College of Commerce, University of Delhi under the initiative of Department College Interface.
The advance notification of the meeting was served through a mail to the College Principals.
The meeting began with the address of Principal, SGGSCC, Prof. J B Singh and was attended by ninety-three
DU faculty members on the scheduled day, date and on the given link. The meeting was convened by Dr.
Manju Bhatia, Associate Professor, Sri Guru Gobind Singh College of Commerce, University of Delhi under the
guidance of Professor Hamendra Dangi from the Department of Commerce, Delhi School of Economics,
University of Delhi. The following members across various DU colleges marked their presence through a
Google form (https://docs.google.com/forms/d/e/1FAIpQLSe_xl_09vtdk7FPGOk9sRG5IsZbcPEoMI13Eik-
V7gDvpe8FA/viewform?usp=sf_link) during the meeting:

S. No. Name Name of the DU College

1 Dr. Manju Bhatia Sri Guru Gobind Singh College of Commerce
2 Dr. Arun Julka Maharaj Agrasen College
3 Ms. Komal Chhikara Hansraj College
4 Ms. Neetu Yadav ARSD College
5 Ms. Tripti Goel Aryabhatta College
6 Dr. Gurmeet Kaur Daulat Ram College
7 Ms. Radhika Sachdeva Acharya Narendra Dev College
8 Ms. Dhun Indraprastha college for women
9 Ms. Riya Goel Kalindi college
10 Ms. Asha Wadhwa Sri Guru Gobind Singh College of Commerce
11 Dr. Parminder Kaur ARSD College, Delhi University
12 Ms. Prama Vishnoi Keshav Mahavidyalaya
13 Dr. Soma Garg Maharaja Agrasen College
14 Ms. Manleen Kaur Sri Guru Gobind Singh College of Commerce
15 Mr. Anil Kumar Shri Ram College of Commerce
16 Dr. Sonal Sharma Hansraj college
17 Dr. Renu Kumari Verma Motilal Nehru College Eve.
18 Ms. Priya Aggarwal Lady Shri Ram College for women
19 Ms. Kangan Jain Satyawati College
20 Dr. Vishal Pandey Ramjas College
21 Dr. Shalu Mahajan Acharya Narendra Dev College
22 Dr. NEHA NAINWAL Shaheed Bhagat Singh College
23 Ms. Richa Verma Ramjas College
24 Dr. Bibhuti Bhushan Mohapatra Maharaj Agrasen College
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25 Mr. Arun Kumar Dyal Singh College
26 Ms. Neha Maitreyi College
27 Dr. Harinderjit Kaur Chawla Sri Guru Gobind Singh College Of Commerce
28 Dr. Rati Dhillon Shaheed Bhagat Singh College
29 Dr. Vivek Kumar Dubey PGDAV COLLEGE (M)
30 Dr. Ranjeeta Phukan Vivekananda College
31 Mr. Varun Kumar Rai Janki Devi Memorial College
32 Ms. Akanksha Garg DCAC
33 Ms. Neyati Ahuja Shaheed Bhagat Singh College
34 Dr. Divya Khatter Dyal Singh College
35 Dr. Anuradha Agarwal Shri Ram College Of Commerce
36 Ms. Manpreet Sharma Shri Ram College of Commerce
37 Ms. Renu Verma Daulat Ram College
38 Dr. Rajneesh Prakash Verma Indraprastha College for Women
39 Ms. Neha Sangwan Dyal Singh College
40 Ms. Sheetal Maurya Lady Shri Ram College
41 Dr. Archana Agarwal Sri Aurobindo College (Evening)
42 Dr. Meenakshi Gupta Sri Aurobindo College
43 Dr. Indu gupta Dyal singh evening college
44 Dr. Sushma Rani Hansraj College
45 Dr. Sufiya Zakir husain delhi college
46 Ms. Sonia Mudel Shyam Lal College (M)
47 Dr. Sonal Sharma Hansraj college
48 Dr. Reema Dehal Daulat Ram College
49 Dr. Gunjan Khanna Lakshmibai College
50 Ms. Archna Gupta Indraprastha College For Women
51 Dr. Nikunj Aggarwal Shri Ram College of Commerce
52 Mr. Ashutosh Yadav Hansraj College
53 Dr. Khushboo Gupta Shaheed Bhagat Singh Evening College
54 Ms. Ashmeet Kaur Sri Guru Nanak Dev Khalsa College
55 Dr. Gunjan singh Shaheed Bhagat Singh college
56 Ms. Mohini Yadav Sri Venkateswara College
57 Ms. Ritu Rathee Kirori mal College
58 Dr. Ishpreet Virdi Mata sundri College for Women
59 Dr. Laxmi Delhi College of Arts and Commerce
60 Ms. Parminder Kaur SGTBKHALSA COLLEGE
61 Mr. Manish Kumar Dubey Swami Shradhanand College
62 Dr. Mukesh Kumar Meena DCAC
63 Dr. Swati Garg Shyama Prasad Mukherji College for Women
64 Mr. Yogesh Shyam Lal College
65 Ms. Silky Jain Sri Aurobindo College
66 Ms. Shweta vats Dyal singh college
67 Dr. Asha Rani Shri Ram College of Commerce
68 Dr. Bhupender Kumar Zakir Husain Delhi college
69 Prof. Madhu Gupta JDMC
70 Dr. Nishtha Bhushan Bharati College
71 Prof. Sunita Gupta Kamala Nehru College
72 Dr. Ghanshyam Chand Yadav Delhi College of Arts and Commerce
73 Dr. Yusra Naseem Sri Ram college of commerce
74 Dr. Ranjeeta Phukan Vivekananda College
75 Dr. Shivani Bansal Daulat Ram College
76 Mr. Dixit Yadav Shri Ram College of Commerce
77 Dr. Pratyush Singh Sri Aurobindo College
78 Mr. Vipin Kumar Kirori Mal College
79 Dr. Jay Shankar Sharma P G D A V College Evening
80 Ms. Kanika Bhutani Anand Hindu College
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 81 Dr. Neelam Gupta Dr. B. R. Ambedkar College
82 Ms. Sakshi Agrawal Swami Shraddhanand College
83 Dr. Anjni Anand Gargi College
84 Dr. Divya Mehta Shaheed Bhagat Singh College
85 Ms. Kamna Virmani Mata Sundri College for Women
86 Ms. Alka Gupta Gargi College
87 Ms. Anuradha Goel Janki Devi Memorial College
88 Prof. Uma S. Singh ARSD college
89 Dr. Rati Dhillon Shaheed Bhagat Singh College
90 Ms. Poonam Chauhan Acharya Narendra Dev College
91 Dr. Rachan Sareen SGTB Khalsa College
92 Dr. Mamta Arora Sri Venkateswara College
93 Mr. Varun Kumar Rai Janki Devi Memorial College

The following guidelines were set with the consent of all the Faculty Members and the Representative
member from Department of Commerce, Delhi School of Economics, University of Delhi:

Units and sub- topics/ Hours and Marks (as per UGCF-NEP 2020 Specific remarks as guidelines
Curriculum)
Unit 1: Descriptive Statistics (9 hours/ 18 marks) Graphs for median and mode may be
covered in practical part of the
Measures of Central Tendency: Concept and properties of averages curriculum.
including Arithmetic mean, Median and Mode
Weighted Arithmetic Mean is to be
Measures of Dispersion: An overview of Range, Quartile Deviation and covered.
Mean Deviation;
Grouping method for mode should be
Standard deviation, Variance, and Coefficient of variation. covered.

Moments: Computation and significance; Empirical relationship between

Arithmetic Mean, Median and Mode
Skewness; Kurtosis. is to be covered.

Skewness- numerical may be

restricted to Karl Pearson and
moment coefficients; Bowley and
Kelly methods may be briefly covered.

Unit 2: Probability and Probability Distributions (14 hours/ 28 marks) Focus should be on business related
problems.
Theory and approaches to probability, Probability Theorems: Addition
and Multiplication; Fitting of the binomial and Poisson
distribution is to be covered.
Conditional probability and Bayes' Theorem.

Expectation and variance of a random variable.

Discrete Probability distributions: Binomial and Poisson (Properties

and Applications);

Normal distribution: Properties of Normal curve; Computation of

Probabilities and Applications.

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Unit 3: Simple Correlation and Regression Analysis (11 hours/ 22
marks)

Correlation Analysis: Meaning and types of Correlation; Correlation Vs
Causation;
Pearson's coefficient of correlation (computation and properties);
Probable and Standard errors, Rank correlation.
Bi-variate frequency distribution is to
be covered for finding coefficients of
correlation and regression.

Regression Analysis: Principle of least squares and regression lines;

Regression equations and estimation;
Properties of regression coefficients;
Relationship between Correlation and Regression coefficients;
Standard Error of Estimate

Unit 4: Time Series Analysis (7 hours/ 14 marks)

Time Series Data: Components of time series: Additive and

Multiplicative models.

Trend analysis, fitting of trend using principle of least squares- linear

and second-degree parabola

Shifting of origin and Conversion of annual linear trend equation to

quarterly/monthly basis and vice-versa.

Unit 5: Index Numbers Tests of adequacy are be covered

theoretically as well as numerically.
Meaning and uses of index members;
Concepts of quantity and value index
Construction of Index numbers: Methods of Laspeyres, Paasche and should be covered.
Fisher's Ideal index;

Construction and Utility of Consumer Price Indices, BSE SENSEX, and

NSE NIFTY.

Practical Exercises (40 marks) The practical exercises may be given

over the Excel workbook only.
The leaners are required to:
1. Observe and apply the concepts learned is real life situations. 1 credit point; 2 periods of one hour
2. Practice basic calculations in statistics using spreadsheets/ for a group of 30 students
statistical packages/ open source-ware such as R/ Python and try
to use it for solving subject related assignments. Total 30 hours (15 weeks* 2 hours per
3. Do small primary research/survey in groups and analyze the data week of a semester) for each group of
using statistical tools discussed in the class (Examples: Buying students.
Behavior, Motivation, Stress, Brand aspects, Sales Projections,
Impact of advertisements etc).
4. Plan a project work.
5. Studying stock market movements.

The Lecture Plan for practical classes

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Week 1-3 Duration of exercises- 3 weeks
Basics Cell address and cell contents: number, text, logical, date, time, formula.
Array formulae, Selecting, copying, pasting, and deleting data.
Array functions. Converting text to values & vice versa.
The functions of Sumif, countif, sum, count, etc. relevant to support theory and
numerical part of course curriculum.
Sorting data set on single and multiple criteria. Sorting for creating rank.
Random data generation to create large data base.
Measures of central Given data of any single variable, to implement change of origin and/or change of
tendency scale and to examine the effect on the Mean, Median, Mode.

Measures of For raw data, calculate the univariate measures Arithmetic Mean, Median, Mode,
Variability, Symmetry Range, Standard deviation, Absolute deviation, Coefficient of Variation, Quartile
(Skewness), and deviation, Quartile and coefficients of Skewness and the coefficient of Kurtosis (to use
Kurtosis the formulae/ functions for population only and explain the difference to students).
Variance To calculate percentile values for a single variable data.
Descriptive statistics Use of Data Analysis Tools to find ALL Descriptive Statistics covered in numerical
classes.

Week 4-5 Duration of exercises- 2 weeks

Graphical Create, customize, and label charts: bar, pie, XY scatter, histogram, and similar graphs
representations of relevant to support theory and numerical part of course curriculum.
data
Pivot table (Discrete Given raw data of a single variable, create a frequency distribution according to the
distributions) requisite class limits, and display cumulative frequencies as well.

Pivot table To create counts of the data using a pivot table for the given data with two or more
(Continuous characteristics.
distributions) To estimate the probabilities and to check association between the variables using the
pivot table.
Week 6-8 Duration of exercises- 3 weeks
Probability Use the appropriate formula/function to display random data for a normal
Normal distribution with given mean and standard deviation. Estimate the
probability/conditional probability for given events.

Binomial Use the appropriate formula/function to simulate a Binomial experiment to estimate

the probabilities of the event for the given n and p values.
Poisson Use the appropriate formula/function to simulate a Poisson experiment to estimate
the probabilities of the event.
Week 9-11 Duration of exercises- 3 weeks
Correlation and Using data on different variables, calculate the coefficient of correlation rank
Covariance correlation coefficients.
Linear Regression Calculate the regression coefficients using dataset about different variables.
Analysis and Interpret the regression coefficients for business situations.
Forecasting (Time Plot the values on an XY scatter for the fitted values of the regression.
series analysis) Fit a trend equation for a given time series dataset, find the trend values for the given
years, forecast the variable value as per given trend for a given year, eliminate the
trend presuming multiplicate and additive model, trendline on a graph with major
pieces of information.
(use data analysis tool as well as slope intercept function).
Index numbers Using time series data on prices and quantities of different commodities. The student
is asked to prepare fixed base indices using the Laspyre, Paasche, and Fisher indexes.
BSE, NSE Optional
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Week 12-14 Duration of exercises- 3 weeks
Case study Doing case studies in the class as practical exercises
Week 15 Duration of exercises- 3 weeks
Project/ revision/ May be taken as a part of continuous assessment
practice/ internal viva
guidelines for paper setting and evaluation
1. Minimum one question of 5 marks from each unit should be asked. In total there should be six
questions.
2. Any four questions may be attempted.
3. It is advised to have a soft copy of all assignments for Continuous Assessment part of evaluation of
students.

All the faculty members participated actively in the deliberation while providing useful suggestions, and
appreciated the timely initiative of Prof. A K Singh, the HOD and Dean, Department of Commerce and
expressed sincere thanks to Prof. H. K. Dangi, for his keen interest in holding the meeting and being a mentor
and facilitator in holding the meeting along with the Principal, SGGSCC in providing motivation, staff, and
infrastructure for the meeting.

The meeting ended with a vote of thanks to the Principal of the College Dr. Jatinder Bir Singh, Convener of
the meeting Dr. Manju Bhatia, SGGSCC and Prof. Hamendra Dangi, Representative, Department of Commerce.

Dr. Manju Bhatia HKD

Professor Hamendra Dangi
(Convenor of the Meeting) (Representative, Department of Commerce)
Associate Professor, Commerce Professor,
(Sri Guru Gobind Singh College of Commerce) Department of Commerce, DSE
University of Delhi University of Delhi

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