business statistics notes pdf

(independent samples) 155 0 obj endobj Business Statistics Summary Notes Chapter 1. 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�� << /S /GoTo /D (section.3) >> 68 0 obj 176 0 obj quantity. Certain useful terms associated with statistics are introduced to you in our revision notes so that to have an idea about the terms they need to deal with. (Estimators for Parameters) confidence, etc). endobj 124 0 obj measurements. 79 0 obj 160 0 obj /ColorSpace 3 0 R /Pattern 2 0 R /ExtGState 1 0 R 31 0 obj I was able to review business statistics. (Some Propositions) 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. Monitoring stock markets, investments and commodities. (Sample Mean) 175 0 obj 8 Events are subsets of the sample space (A,B,C,...). << /S /GoTo /D (subsection.6.1) >> (Confidence Intervals for Proportions) 11 0 obj (variance unknown - the t-distribution) 71 0 obj endobj endobj The Pth percentile is the value graphical summaries of data are produced to summarise and highlight the key Business Statistics Notes for I.Com (Part-II) / 2nd Year. The third quartile, divides the 88 0 obj endobj Sample- A sample is a subset of the units in a population. endobj of the data from the upper three quartiles and is equal to the 25th percentile. 64 0 obj 20 0 obj 230 0 obj << endobj /D [185 0 R /XYZ 101.884 750.964 null] 187 0 obj << 72 0 obj (variance known) (Bayes) << /S /GoTo /D (subsection.4.3) >> (Confidence Intervals for the Difference of two Means) << /S /GoTo /D (subsection.8.3) >> 55 0 obj Market research, interpreting sales figures, forecasting demand. endobj Classification and Tabulation of Data : Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation. Cross-sectional data- data that are collected at a fixed point in time. Two examples are the number of heads in ten tosses of a coin and the weights of A descriptive measure of a sample is called a Statistic. << /S /GoTo /D (subsection.2.1) >> endobj array helps to locate the mode. endobj Videotape Collection of data on a whole population is called a census. (The Hypotheses) I. Introduction to CHAPTER1 Statistics LEARNING OBJECTIVES After reading this chapter, you should be able to: 1 Distinguish between descriptive and inferential statistics. to that value. Aim- to extract the best possible information from data and use it to make business this one good note for statistics students keep it up thank you. This is one of over 2,200 courses on OCW. 183 0 obj >> endobj %���� number of terms in a sample. endobj << /S /GoTo /D (section.7) >> << /S /GoTo /D (subsection.8.1) >> N 104 0 obj (Test for the mean: population variance known) nominal data type. Chapter 1. << /S /GoTo /D (section.6) >> B.Com Books & Study Materials in PDF Free Download for 1st, 2nd, 3rd years: Are you studying Bachelors of Commerce (B.Com) Degree? Sampling is the only option as testing all cars would be Download Business Mathematics and Statistics Text Book pdf. Improving production methods and assessing product reliability. << /S /GoTo /D (subsection.5.3) >> (Hypothesis Testing) first three quarters of the data from the last quarter and is equal to the value of the 75th 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 - … endobj From the below-given table, you can download the Notes for CA Foundation. (Basics of Probability) The first example is that of a discrete data type, where 171 0 obj Numerical data (quantitative)- have a natural order and the numbers represent some (Independent Events) Quartiles- are measures of location that divide a set of data into four subgroups or parts. estimate the value of a parameter or draw inferences about the parameter. 179 0 obj << /S /GoTo /D (subsection.3.5) >> 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. assumes that the sample is representative of the population. (Sample Distributions) patterns observed in the data sample are present in the wider population and clearly we can list the possible values. endobj 56 0 obj endobj On StuDocu you find all the study guides, past exams and lecture notes for this course endobj Statistical inference uses sample data to reach conclusions about the population << /S /GoTo /D (subsection.2.2) >> (Sample spaces with equally likely outcomes) The test grades have a natural ordering and thus is an snapshot of the measured variables at that point in time. 24 0 obj << /S /GoTo /D (subsection.3.2) >> Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. 140 0 obj endobj /Filter /FlateDecode The population mean is represented by the Greek letter mu (u). 189 0 obj << (Sample Space and Events) << /S /GoTo /D (subsection.4.1) >> endobj 148 0 obj The second quartile separates the second quarter of the data from the third quarter, and is 116 0 obj << /S /GoTo /D (subsection.6.3) >> Time series data- data collected over time. endobj View Business Statistics Notes.pdf from SCO 2550 at University of Minnesota. << /S /GoTo /D (subsubsection.3.5.1) >> << /S /GoTo /D (subsection.3.3) >> However N is used to represent the number of terms in a populat ion, and n is used to represent the << /S /GoTo /D (section.8) >> Because here we have given the best Books and Notes for all 3 years. 108 0 obj numbers. endobj letters. endobj The introduced terms include. x��YMs�6��W�V�@�X|�h�Nǝ����@I�� %�$�$���>�Hvf�'Jr�{���c�F\��z5���#�������!�)$Z�H�4�\G�Y�|�#FIkܥ�;��M�I&؉i�L@7���,�����1S�|NE����y�&�*��M�3�G|ʞ��N���>\ � �2A��ٸ=֐pŔ�E�wJpMSJn#P��+\C��j�b�q�d�4=�gى�F(��F�b�4u �G�]T��rm>��/ endobj endstream endobj Population- A population is a collection of objects (often called units or subjects) of values the data may take (0,1...10), whereas in the second example all we can give Concept of Population and sample with illustration, Methods of Sampling SRSWR, SRSWOR, Stratified, Systematic. on other values that are known, such as other values in the data. << /S /GoTo /D (section.5) >> Introductory Business Statistics 3 A Global Text. three quartiles are denoted as Q1, Q2 and Q3. endobj << /S /GoTo /D (subsection.5.2) >> 51 0 obj endobj Chapter 1: Statistics, Data, and Statistical Thinking Statistics: The science of data - Involves collecting, classifying, Please sign in or register to post comments. Don't show me this again. endobj MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. Aim- to extract the best possible information from data and use it to make business … Percentiles- are measures of location that divide a set of data so that a certain fraction of These Notes Key Book, Guide & Handouts with solved exercises are as per latest syllabus. The second example is that of a continuous data 172 0 obj 132 0 obj located at the 50th percentile and equals the mean of the data. >> endobj These are related and both should be performed for any given data. (Measures of Dispersion) ��5�$_�܇��6w E H'����/�G3�sd�எ�:ﰁ'�Bm�� 23 0 obj 27 0 obj 111 0 obj endobj endobj endobj 156 0 obj << /S /GoTo /D (subsubsection.7.3.2) >> 39 0 obj endobj (A note of caution) �?=?����r��k�>9*��VyY~w�e�Ų��߫U;E�I�J�n̙V�nG�r�1��6 endobj (Total Probability) Examples of parameters are population mean, population standard deviation 32 0 obj aspects and any special features of the data. endobj endobj (Inferential Statistics Basics) and population variance. 144 0 obj Data condensation and /Parent 192 0 R << /S /GoTo /D (subsection.3.4) >> endobj Table of ContentsMeasures of Central TendencyMeasures of DispersionCorrelationRegressionSamplingTest of HypothesisChi-Square TestIndex NumbersInterpolationExtrapolation equals the total number of observations. 2 Step by Step Business Math and Statistics Math. amount of time and money required. 147 0 obj For a detailed description of calculating percentiles, go to page 61 of the textbook. endobj >> endobj 159 0 obj endobj 139 0 obj As another example, the grade in a test (A,B,C,D,E,F) is again simply a label and is often arise from counting processes, while continuous data arise from confidence over several months. Multimodal- data sets that contain two or more modes. 47 0 obj 75 0 obj endobj He �h4����O�_6�і+I��nJ�������B-��p#5���NG�zD��qS]�����9��H���!���� ~_����?HBl�):dW��z��N�Μ�gkeYI�����Xb��cgxX�[}�&�̎n^�� Then, you will find this page worthy able. analysis, interpretation or explanation of data. 120 0 obj endobj endobj endobj In such cases, the business researcher can << /S /GoTo /D (subsection.2.4) >> Very helpful indeed. >> endobj 12 0 obj 76 0 obj 151 0 obj Mode- most frequently occurring value in a set of data. 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. such that P% of the data are equal to or below that value and (100-P)% are above or equal Bimodal- In the case of a tie for the most frequently occurring value, two modes are listed. 123 0 obj 188 0 obj << Reporting economic data (interest rates, un-employment, consumer Find materials for this course in the pages linked along the left. Chapter 1 - Introduction to Statistics. (before-after comparisons) /Filter /FlateDecode Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. Discrete data 28 0 obj Topics covered in Business Statistics Notes. endobj Please send these to me at: 1 Thanks for the lecture. Download Business Mathematics Notes, PDF, Books, Syllabus for B COM, BBA 2021.We provide complete business mathematics notes. Business statistics is the science of good decision making in the aspect of uncertainty and is used in many disciplines such as econometrics, financial analysis, production, auditing, and operations … endobj endobj decisions. endobj 12th I.COM 2nd Part BUSINESS STATISTICS CHAPTER 05: View PDF Notes: 2nd year federal board Islamabad / Punjab Board solved MCQs with Exercises all subjects chapter wise notes. A business researcher often wants to Statistics Class 11 Notes – Useful Terms. Examples of statistics are sample mean, sample standard deviation and Detecting credit card, mobile phone and banking fraud. Business Statistics - Lecture notes - 1 - 3, Copyright © 2020 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Upgrade to Premium to read the full document, Statistics Exam Notes Based On Lectures - Introduction To Statistics And Analysis, Sample/practice Exam 25 April 2016, Questions and Answers, 26134 uts business statistics high distinction. endobj Such data give a 19 0 obj Textbook ref- endobj 96 0 obj << /S /GoTo /D (subsection.7.1) >> endobj /Type /Page << /S /GoTo /D (subsection.5.1) >> endobj Usually denoted by Roman endobj endobj endobj B. Linda will use descriptive statistics to analyze this daily video rentals data set. 103 0 obj /MediaBox [0 0 595.276 841.89] Chapter 1 INTRODUCTION 1.1 Set Theory Digression A set is defined as any collection of objects, which are called points or elements. Studying 026134 Business Statistics at University of Technology Sydney? Note that in the first example we know in advance exactly which endobj Distinction between the two terms is important. 87 0 obj endobj Topic 1: Introduction to Business Statistics Objectives . categorical data. 16 0 obj /ProcSet [ /PDF /Text ] 115 0 obj (Confidence Intervals for Means) These include the mode, the median and the mean. 92 0 obj BUSINESS STATISTICS Unit l . Statistics is a mathematical science concerned with the collection, presentation, ranked into an ascending array. endobj endobj 2nd year Objective + Subjective chapter wise notes with solved questions & answers. (Algebra of Sets) I would be very grateful for comments and identi cation of errors. << /S /GoTo /D (subsection.7.3) >> For example, the employment of a person (teacher, 40 0 obj 128 0 obj endobj Another way to locate the median is by finding the (n+1)/2''th term in the ordered array. Introduction to Applied Statistics: Lecture Notes. Organising the data into an ordered 15 0 obj 152 0 obj endobj stream SECTION-A 1. endobj particular model of car. 99 0 obj Two steps in analysing data from a sample; exploratory data analysis and statistical 52 0 obj 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. It is found by summing all the 186 0 obj << 168 0 obj << /S /GoTo /D (section.4) >> << /S /GoTo /D (subsubsection.7.1.2) >> << /S /GoTo /D (subsection.7.2) >> Example, data collected of consumer +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�&� Median- is the middle value in an ordered array of numbers. endobj interest. The first quartile, separates the first quartile Part I Probability Theory 3. << /S /GoTo /D (subsubsection.6.2.1) >> endobj summation of all the numbers in a grouping. /Length 440 endobj All the notes are easy and helpful for all students for 12th class. endobj endobj 180 0 obj 84 0 obj In these “Statistics for Business Decisions Notes PDF”, we will various Statistical Data Analysis tools that can be used for effective decision making.Emphasis will be on the application of the concepts learnt to various managerial situations. endobj take a representative sample of the population and use the corresponding sample Examples include; ALL small businesses, ALL workers currently employed Usually denoted by Greek Business Statistics Notes (MBA, BBA, B.Com, Management) Business Statistics Notes (MBA, BBA, B.Com, Management) for mba, bba, and other management and business studies students. << /S /GoTo /D (subsection.4.2) >> Business Mathematics and Statistics deals with the topics like fundamentals of business statistics such as Statistical representations of data, measures of central tendency and dispersion, Co relation and Regression, and Probability and In fundamentals of Business mathematics we cover the topics such as algebra, … 136 0 obj endobj Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. endobj 7 0 obj endobj 36 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) Measuring of Central Tendency : Arithmetic … 167 0 obj endobj (Multiplication theorem for conditional probabilities) Some forms of data collection are destructive.

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