Topics covered in Business Statistics Notes. endobj endobj (before-after comparisons) << /S /GoTo /D (subsubsection.7.1.2) >> �h4����O�_6�і+I��nJ�������B-��p#5���NG�zD��qS]�����9��H���!���� ~_����?HBl�):dW��z��N�Μ�gkeYI�����Xb��cgxX�[}�&�̎n^�� A Complete Key Book in PDF Format for Class 12 (XI) / HSSC / Intermediate. (Some Descriptive Statistics) Don't show me this again. endobj Discrete data 83 0 obj endobj 12 0 obj endobj (Hypothesis Testing) Exploratory data analysis (EDA)- is the first step, in which numerical, tabular and percentile. three quartiles are denoted as Q1, Q2 and Q3. 11 0 obj inference. endobj endobj endobj (There's more to it...) has no numerical meaning. Classification and Tabulation of Data : Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation. 147 0 obj Chapter 1. quantity. Videotape (variance known) << /S /GoTo /D (subsection.6.2) >> (independent samples) confidence over several months. endobj (An illustrative example) endobj 60 0 obj 1.1 Statistics in Business. endobj 184 0 obj << /S /GoTo /D (subsection.3.1) >> Distinction between the two terms is important. impossible as they would all be destroyed. Examples include; ALL small businesses, ALL workers currently employed Introductory Business Statistics 3 A Global Text. << /S /GoTo /D (section.5) >> 115 0 obj (Levels of Measurement) endobj /Length 1208 135 0 obj 151 0 obj An inference is a conclusion that (Sample Distributions) 39 0 obj 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. 171 0 obj << /S /GoTo /D (subsection.6.1) >> The second quartile separates the second quarter of the data from the third quarter, and is << /S /GoTo /D (section.2) >> endobj Some forms of data collection are destructive. A descriptive measure of a sample is called a Statistic. 95 0 obj 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. first three quarters of the data from the last quarter and is equal to the value of the 75th The sample mean is represented by x, pronounced ‘x- bar’. << /S /GoTo /D (subsubsection.3.5.1) >> 123 0 obj 87 0 obj endobj /Filter /FlateDecode On StuDocu you find all the study guides, past exams and lecture notes for this course endobj 187 0 obj << assumes that the sample is representative of the population. For an array with an odd data can be described as falling on or below this location. 111 0 obj summation of all the numbers in a grouping. << /S /GoTo /D (subsection.3.2) >> Statistics is a mathematical science concerned with the collection, presentation, << /S /GoTo /D (section.4) >> (Confidence Intervals) endobj The first example is that of a discrete data type, where such that P% of the data are equal to or below that value and (100-P)% are above or equal %���� Two steps in analysing data from a sample; exploratory data analysis and statistical endobj endobj These are related and both should be performed for any given data. 84 0 obj endobj Population- A population is a collection of objects (often called units or subjects) of 132 0 obj (Confidence Intervals for Proportion Differences) (The Hypotheses) endobj 140 0 obj endobj << /S /GoTo /D (subsection.3.3) >> 43 0 obj Organising the data into an ordered (Sample Mean) << /S /GoTo /D (subsection.2.2) >> The Topics of Business Statistics Notes are as follows-Unit-1: Probability Theory- Basic Concepts and Approaches, Rules or Theorems-Addition Rule, Multiplication Rule, Complement Rule, Conditional Probability, Bayes Theorem. endobj << /S /GoTo /D (subsection.7.1) >> endobj 35 0 obj As another example, the grade in a test (A,B,C,D,E,F) is again simply a label and is endobj (Sets \(Mengen\)) Chapter 1 INTRODUCTION 1.1 Set Theory Digression A set is defined as any collection of objects, which are called points or elements. endobj endobj endobj 176 0 obj N is used to represent the number of terms in a populat ion, and n is used to represent the endobj 136 0 obj letters. Business Statistics Summary Notes Chapter 1. endobj (Definitions and Concepts) From the below-given table, you can download the Notes for CA Foundation. and population variance. << /S /GoTo /D (subsection.7.3) >> (Multiplication theorem for conditional probabilities) << /S /GoTo /D (subsection.5.2) >> endobj However Example, data collected of consumer /Font << /F16 190 0 R /F17 191 0 R >> Mean (arithmetic mean)- the average of a set of numbers. Very helpful indeed. 163 0 obj 120 0 obj 186 0 obj << Grade 11 Statistics Notes PDF – Revision Notes . 56 0 obj endobj 15 0 obj 164 0 obj 189 0 obj << (Test for the mean: population variance known) (Confidence Intervals for Proportions) Introduction to Statistics Introduction, examples and definitions Introduction We begin the module with some basic data analysis. 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 … 27 0 obj number of terms in a sample. endobj << /S /GoTo /D (subsection.5.3) >> I would be very grateful for comments and identi cation of errors. Collection of data on a whole population is called a census. endobj �̜r%�Ǒ:yW����>& j����:o�+(�$_�����Я�x�����+���?f0�"q�>Jm�gEo��Q�� << /S /GoTo /D (subsection.1.2) >> 156 0 obj endobj endobj ��5�$_�܇��6w E H'����/�G3�sd�எ�:ﰁ'�Bm�� (Sample Space and Events) confidence, etc). In such cases, the business researcher can /Filter /FlateDecode 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 • A business researcher often wants to Bimodal- In the case of a tie for the most frequently occurring value, two modes are listed. Examples of statistics are sample mean, sample standard deviation and Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. endobj 76 0 obj endobj stream (Measures of Dispersion) endobj 23 0 obj << /S /GoTo /D (subsection.4.3) >> on other values that are known, such as other values in the data. 32 0 obj +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�&� 1. ��[Px�]�`�'��ĺ��X̌�n��_�=�p�L,8�ݪl�eYL}j���O����}y�jG�)� �z[pl����R�g���y�^����Dlo���e{ << /S /GoTo /D (subsection.8.1) >> /Contents 187 0 R Introduction to CHAPTER1 Statistics LEARNING OBJECTIVES After reading this chapter, you should be able to: 1 Distinguish between descriptive and inferential statistics. (The basic idea) Sampling is the only option as testing all cars would be (Sample spaces with equally likely outcomes) endobj numbers. �p�n��0z/��]�6�5v����0�R��&~r��㶭�Fu��j�ۣ���tFH!%�N. endobj endobj (known variance) from which the sample was drawn. 180 0 obj 8 Events are subsets of the sample space (A,B,C,...). B. Linda will use descriptive statistics to analyze this daily video rentals data set. Table of ContentsMeasures of Central TendencyMeasures of DispersionCorrelationRegressionSamplingTest of HypothesisChi-Square TestIndex NumbersInterpolationExtrapolation Please send these to me at: 1 Quartiles- are measures of location that divide a set of data into four subgroups or parts. 100 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�� >> Please sign in or register to post comments. 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. (Sample Proportion) << /S /GoTo /D (subsection.2.3) >> sample variance. values the data may take (0,1...10), whereas in the second example all we can give endobj Part I Probability Theory 3. << /S /GoTo /D (subsubsection.6.2.1) >> Studying 026134 Business Statistics at University of Technology Sydney? 88 0 obj Measures of central tendency yield information about the centre, or middle part, of a set of (variance unknown - the t-distribution) Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. Parameter- Is a descriptive measure of the population. endobj /Resources 186 0 R 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. 3. For example, the employment of a person (teacher, particular model of car. endobj << /S /GoTo /D (subsection.4.1) >> endobj << /S /GoTo /D (subsection.8.3) >> estimate the value of a parameter or draw inferences about the parameter. Statistics Class 11 Notes – Useful Terms. 67 0 obj endobj Such data give a 8 0 obj endobj a categorical data type. (The Significance Level) 116 0 obj Median- is the middle value in an ordered array of numbers. Statistical inference uses sample data to reach conclusions about the population Chapter 1: Statistics, Data, and Statistical Thinking Statistics: The science of data - Involves collecting, classifying, this one good note for statistics students keep it up thank you. SECTION-A 1. 108 0 obj endobj (Confidence Intervals for Means) 44 0 obj Intermediate Level (HSSC-II) students of Federal Board of Intermediate & Secondary Education (FBISE) or any Board of Intermediate & Secondary Education of Punjab, Sindh, KPK, Balochistan and Azad Kashmir and can get benefit from these notes. 139 0 obj endstream %PDF-1.5 endobj endobj endobj 92 0 obj endobj nominal data type. /Length 440 4 0 obj It is an appropriate descriptive summary measure for >> 51 0 obj 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>��/ These include the mode, the median and the mean. 96 0 obj 155 0 obj 176, 88, 53, 66, 97, 73, 64, 82, 77, 57, 93, 85, 70, 76, 68. endobj rugby players. 40 0 obj 2. Usually denoted by Greek �?=?����r��k�>9*��VyY~w�e�Ų��߫U;E�I�J�n̙V�nG�r�1��6 79 0 obj decisions. 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. 124 0 obj endobj << /S /GoTo /D (subsection.7.4) >> (Axioms of Probability) Chapter 1 - Introduction to Statistics. << /S /GoTo /D (section.8) >> 2. Assessing the effectiveness of advertising. (Definitions and Notation) << /S /GoTo /D (subsection.1.3) >> /MediaBox [0 0 595.276 841.89] endobj 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. 55 0 obj << /S /GoTo /D (section.6) >> surveys of consumer confidence. for Mcdonalds. /ProcSet [ /PDF /Text ] accounting statistics communication economics environment law coast accounting income tax corporate law public finance principle of management fundamental of entrepreneurship corporate accounting auditing money and financial system information technology financial management principle of marketing and all types business notes ccsu meerut and dbrau agra all notes pdf download … << /S /GoTo /D (subsection.8.2) >> << /S /GoTo /D (subsubsection.6.2.2) >> (Independent Events) Usually the main aim of any statistical exercise Download Business Mathematics Notes, PDF, Books, Syllabus for B COM, BBA 2021.We provide complete business mathematics notes. << /S /GoTo /D (subsection.4.2) >> 183 0 obj endobj 103 0 obj Introduction to Statistics and Lists on the TI-82 Creating Histograms, Box Plots , and Grouped Frequency Distributions on the TI-82 Creating an Ogive on the TI-82 << /S /GoTo /D (subsection.6.3) >> 179 0 obj Sample- A sample is a subset of the units in a population. Improving production methods and assessing product reliability. 143 0 obj download statistics books, class 11 statistics book, class 12 statistics book download pdf, cbse board , ncert, pdf books, e-books, statistics, free e-books 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. (Estimators for Parameters) (unknown variance) letters. ordinal data type. Note that in the first example we know in advance exactly which endobj endobj /D [185 0 R /XYZ 101.884 750.964 null] located at the 50th percentile and equals the mean of the data. 52 0 obj This information may relate to objects, subjects, activities, phenomena, or regions of space. << /S /GoTo /D (section.7) >> The second example is that of a continuous data 63 0 obj The third quartile, divides the endobj Data condensation and 68 0 obj << /S /GoTo /D (subsubsection.7.3.2) >> ranked into an ascending array. >> endobj Download Business Mathematics and Statistics Text Book pdf. 127 0 obj << /S /GoTo /D (subsection.3.4) >> (Algebra of Sets) and involves more formal data analysis techniques. << /S /GoTo /D [185 0 R /Fit] >> 2 Explain how samples and populations, as well as a sample statistic and population parameter, differ. 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. 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. analysis, interpretation or explanation of data. Tagged with: Bcom 1st Year Business Statistics Formula Notes , Bcom business statistics formulas Edit ... 1st 2nd 3rd Year Notes and Books Free PDF Download Residential Status Income Tax Notes B Com 2nd Year Principles of Business Management 2015 175 0 obj array helps to locate the mode. 104 0 obj Monitoring stock markets, investments and commodities. 80 0 obj amount of time and money required. 99 0 obj 59 0 obj endobj numbers and dividing the sum by the count of numbers. patterns observed in the data sample are present in the wider population and clearly Percentiles- are measures of location that divide a set of data so that a certain fraction of Categorical data (qualitative)- is a data type that is simply an identifier or label and Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. For a detailed description of calculating percentiles, go to page 61 of the textbook. These Notes Key Book, Guide & Handouts with solved exercises are as per latest syllabus. stream The first quartile, separates the first quartile 152 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 - … measurements. endobj << /S /GoTo /D (section.1) >> Measures of location yield information about certain sections of a set of numbers when << /S /GoTo /D (subsection.3.5) >> (Basics of Probability) 112 0 obj (Introduction) endobj often arise from counting processes, while continuous data arise from Market research, interpreting sales figures, forecasting demand. 48 0 obj number, the median is the middle number, if the array is even, it is the average of the two endobj we can list the possible values. 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) Mode- most frequently occurring value in a set of data. of the data from the upper three quartiles and is equal to the 25th percentile. Notes for Introduction to Business Statistics Sarah Thandi Dippenaar University of Vienna version: 20 May 2013 These notes are work in progress. the calculation of parameters is usually impossible or infeasible because of the 230 0 obj << Examples of parameters are population mean, population standard deviation 2nd year Objective + Subjective chapter wise notes with solved questions & answers. 119 0 obj Usually denoted by Roman endobj N (Some Propositions) endobj << /S /GoTo /D (section.3) >> 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, … Limit of the class . endobj 159 0 obj I. statistic to estimate the population parameter. is a range, say (80-140kg). 64 0 obj This cannot be ranked in any meaningful way and thus is an example of a middle numbers. 168 0 obj Aim- to extract the best possible information from data and use it to make business … take a representative sample of the population and use the corresponding sample Then, you will find this page worthy able. (Test for the mean: population variance unknown) endobj Cross-sectional data- data that are collected at a fixed point in time. He endobj 160 0 obj Aim- to extract the best possible information from data and use it to make business The Pth percentile is the value Welcome! 72 0 obj /D [185 0 R /XYZ 102.884 713.103 null] For example, crash test statistics for a endobj endobj For example, monthly graphical summaries of data are produced to summarise and highlight the key 75 0 obj interest. endobj (Bayes) endobj endobj 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. Multimodal- data sets that contain two or more modes. Another way to locate the median is by finding the (n+1)/2''th term in the ordered array. It is found by summing all the the given month. << /S /GoTo /D (subsubsection.7.3.1) >> to that value. 185 0 obj << << /S /GoTo /D (subsubsection.7.1.1) >> (Measures of Central Tendency) MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. 188 0 obj << All the notes are easy and helpful for all students for 12th class. endobj 7 0 obj doctor). endobj The population mean is represented by the Greek letter mu (u). endobj Concept of Population and sample with illustration, Methods of Sampling SRSWR, SRSWOR, Stratified, Systematic. Statistics for Business Decisions Notes PDF. endobj snapshot of the measured variables at that point in time. Textbook ref- Find materials for this course in the pages linked along the left. Notes on Probability Theory and Statistics Antonis Demos (Athens University of Economics and Business) October 2002. >> endobj 128 0 obj Download CA Foundation notes PDF for May 2020. endobj aspects and any special features of the data. BUSINESS STATISTICS Unit l . The capital Greek letter sigma ( ) is commonly used in mathematics to represent a The test grades have a natural ordering and thus is an endobj Because here we have given the best Books and Notes for all 3 years. endobj Measuring of Central Tendency : Arithmetic … Definitions; Notes; Generating Random Numbers on the TI-82; Chapter 2 - Describing, Exploring, and Comparing Data equals the total number of observations. endobj << /S /GoTo /D (subsection.5.1) >> endobj << /S /GoTo /D (subsection.1.1) >> << /S /GoTo /D (subsection.7.2) >> I was able to review business statistics. 47 0 obj 36 0 obj endobj /Parent 192 0 R /Type /Page Topic 1: Introduction to Business Statistics Objectives . 19 0 obj Two examples are the number of heads in ten tosses of a coin and the weights of View Business Statistics Notes.pdf from SCO 2550 at University of Minnesota. Introduction of Statistics : Growth of Statistics, Definition, Scope, Uses, Misuses and Limitation of Statistics, Collection of Primary & Secondary Data, Approximation and Accuracy, Statistical Errors. << /S /GoTo /D (subsubsection.8.3.1) >> Detecting credit card, mobile phone and banking fraud. Business Statistics . Introduction to Applied Statistics: Lecture Notes. << /S /GoTo /D (subsection.2.1) >> << /S /GoTo /D (subsection.2.4) >> The endobj endobj categorical data. Paper-3: Business Mathematics and Logical Reasoning & Statistics; Paper-4: Business Economics and Business and Commercial Knowledge (BCK) Through this article, you can download the CA Foundation notes for the May exam. 28 0 obj Numerical data (quantitative)- have a natural order and the numbers represent some (Confidence Intervals for the Difference of two Means) endobj >> endobj endobj

business statistics notes pdf

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