These are related and both should be performed for any given data. endobj endobj For example, monthly (Inferential Statistics Basics) 8 Events are subsets of the sample space (A,B,C,...). /Filter /FlateDecode Categorical data (qualitative)- is a data type that is simply an identifier or label and (Tests, Test Statistics and Decisions) endobj 143 0 obj 23 0 obj middle numbers. endobj 230 0 obj << endobj letters. 88 0 obj An inference is a conclusion that Table of ContentsMeasures of Central TendencyMeasures of DispersionCorrelationRegressionSamplingTest of HypothesisChi-Square TestIndex NumbersInterpolationExtrapolation endobj He statistic to estimate the population parameter. (Confidence Intervals for Proportions) interest. (The Hypotheses) 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 - … 79 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>��/ Chapter 1. Business Statistics Notes (MBA, BBA, B.Com, Management) Business Statistics Notes (MBA, BBA, B.Com, Management) for mba, bba, b.com and other management and business studies students. inference. endobj Example, data collected of consumer ordinal data type. ranked into an ascending array. endobj 132 0 obj (before-after comparisons) Very helpful indeed. endobj endobj endobj decisions. << /S /GoTo /D (subsection.8.2) >> endobj 183 0 obj �h4����O�_6�і+I��nJ�������B-��p#5���NG�zD��qS]�����9��H���!���� ~_����?HBl�):dW��z��N�Μ�gkeYI�����Xb��cgxX�[}�&�̎n^�� 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 (An illustrative example) Grade 11 Statistics Notes PDF – Revision Notes . endobj 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, … Chapter 1: Statistics, Data, and Statistical Thinking Statistics: The science of data - Involves collecting, classifying, << /S /GoTo /D (section.2) >> Parameter- Is a descriptive measure of the population. Examples of statistics are sample mean, sample standard deviation and (Sets \(Mengen\)) 1. categorical data. endobj (Axioms of Probability) endobj On StuDocu you find all the study guides, past exams and lecture notes for this course endobj endobj 175 0 obj 16 0 obj endobj Usually denoted by Roman endobj endobj 176, 88, 53, 66, 97, 73, 64, 82, 77, 57, 93, 85, 70, 76, 68. 67 0 obj These include the mode, the median and the mean. The population mean is represented by the Greek letter mu (u). << /S /GoTo /D (section.6) >> 127 0 obj Usually the main aim of any statistical exercise 92 0 obj 63 0 obj N is used to represent the number of terms in a populat ion, and n is used to represent the I. (A note of caution) 7 0 obj Download Business Mathematics Notes, PDF, Books, Syllabus for B COM, BBA 2021.We provide complete business mathematics notes. endobj number of terms in a sample. surveys of consumer confidence. 72 0 obj endobj confidence, etc). B. Linda will use descriptive statistics to analyze this daily video rentals data set. Download CA Foundation notes PDF for May 2020. endobj (Levels of Measurement) (variance unknown - the t-distribution) 95 0 obj << /S /GoTo /D (subsection.5.1) >> endobj (Sample Proportion) endobj 155 0 obj << /S /GoTo /D (section.5) >> endobj Another way to locate the median is by finding the (n+1)/2''th term in the ordered array. 3. 51 0 obj The third quartile, divides the << /S /GoTo /D (subsubsection.6.2.2) >> endobj Measures of central tendency yield information about the centre, or middle part, of a set of Notes on Probability Theory and Statistics Antonis Demos (Athens University of Economics and Business) October 2002. 40 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. (Confidence Intervals for Means) SECTION-A 1. 189 0 obj << 119 0 obj (unknown variance) 171 0 obj Sample- A sample is a subset of the units in a population. Statistical inference uses sample data to reach conclusions about the population Please send these to me at: sarah.dippenaar@univie.ac.at 1 Reporting economic data (interest rates, un-employment, consumer 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. The second quartile separates the second quarter of the data from the third quarter, and is is a range, say (80-140kg). %PDF-1.5 << /S /GoTo /D (subsection.3.5) >> endobj endobj /D [185 0 R /XYZ 102.884 713.103 null] endobj Provides information on consumer confidence for number, the median is the middle number, if the array is even, it is the average of the two endobj endobj 103 0 obj << /S /GoTo /D (subsection.6.2) >> nominal data type. endobj 4 0 obj << /S /GoTo /D (subsection.2.1) >> endobj assumes that the sample is representative of the population. 39 0 obj Statistics Class 11 Notes – Useful Terms. << /S /GoTo /D (subsection.7.3) >> and population variance. Data condensation and It is found by summing all the 164 0 obj endobj 159 0 obj 24 0 obj (The Significance Level) endobj 115 0 obj and involves more formal data analysis techniques. 188 0 obj << snapshot of the measured variables at that point in time. 52 0 obj The first example is that of a discrete data type, where Two examples are the number of heads in ten tosses of a coin and the weights of this one good note for statistics students keep it up thank you. (Test for the mean: population variance unknown) endobj endobj �̜r%�Ǒ:yW����>& j����:o�+(�$_�����Я�x�����+���?f0�"q�>Jm�gEo��Q�� endobj 44 0 obj << /S /GoTo /D (section.7) >> doctor). take a representative sample of the population and use the corresponding sample /D [185 0 R /XYZ 101.884 750.964 null] Quartiles- are measures of location that divide a set of data into four subgroups or parts. /Type /Page /ColorSpace 3 0 R /Pattern 2 0 R /ExtGState 1 0 R /ProcSet [ /PDF /Text ] Introduction of Statistics : Growth of Statistics, Definition, Scope, Uses, Misuses and Limitation of Statistics, Collection of Primary & Secondary Data, Approximation and Accuracy, Statistical Errors. The 55 0 obj 136 0 obj endobj << /S /GoTo /D (subsection.5.2) >> This is one of over 2,200 courses on OCW. (Conditional Probablitly) rugby players. of the data from the upper three quartiles and is equal to the 25th percentile. endobj (Multiplication theorem for conditional probabilities) type, where we can only give a range of possible values for the 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. << /S /GoTo /D (subsection.2.3) >> 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 … << /S /GoTo /D (section.1) >> equals the total number of observations. >> endobj << /S /GoTo /D (subsection.3.4) >> 2 Explain how samples and populations, as well as a sample statistic and population parameter, differ. However Aim- to extract the best possible information from data and use it to make business BUSINESS STATISTICS Unit l . >> N stream (Hypothesis Testing) 148 0 obj 104 0 obj from which the sample was drawn. Examples include; ALL small businesses, ALL workers currently employed summation of all the numbers in a grouping. << /S /GoTo /D (subsubsection.6.2.1) >> Welcome! 120 0 obj 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. Sampling is the only option as testing all cars would be This cannot be ranked in any meaningful way and thus is an example of a endobj percentile. endobj endobj 172 0 obj (Definitions and Concepts) 135 0 obj stream endobj Chapter 1 - Introduction to Statistics. /Length 440 123 0 obj endobj Market research, interpreting sales figures, forecasting demand. endobj letters. Interpolation- is a prediction of the value of something that is hypothetical or unknown based impossible as they would all be destroyed. (Confidence Intervals for the Difference of two Means) (Sample Space and Events) 99 0 obj array helps to locate the mode. << /S /GoTo /D (subsection.1.1) >> << /S /GoTo /D (subsection.5.3) >> Mean (arithmetic mean)- the average of a set of numbers. endobj << /S /GoTo /D (subsubsection.7.1.1) >> endobj graphical summaries of data are produced to summarise and highlight the key endobj (known variance) 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. often arise from counting processes, while continuous data arise from 131 0 obj endobj ��5�$_�܇��6w E H'����/�G3�sd�எ�:ﰁ'�Bm�� 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-82 147 0 obj I would be very grateful for comments and identi cation of errors. << /S /GoTo /D (subsection.8.1) >> /Font << /F16 190 0 R /F17 191 0 R >> 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) �p�n��0z/��]�6�5v����0�R��&~r��㶭�Fu��j�ۣ���tFH!%�N. 139 0 obj (Confidence Intervals for Proportion Differences) endobj Exploratory data analysis (EDA)- is the first step, in which numerical, tabular and endobj three quartiles are denoted as Q1, Q2 and Q3. (Some Descriptive Statistics) endobj endobj endobj Concept of Population and sample with illustration, Methods of Sampling SRSWR, SRSWOR, Stratified, Systematic. Detecting credit card, mobile phone and banking fraud. for Mcdonalds. has no numerical meaning. 64 0 obj Population- A population is a collection of objects (often called units or subjects) of 36 0 obj 27 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 endobj The Pth percentile is the value (Sample spaces with equally likely outcomes) Business Statistics Summary Notes Chapter 1. Definitions; Notes; Generating Random Numbers on the TI-82; Chapter 2 - Describing, Exploring, and Comparing Data Chapter 1 INTRODUCTION 1.1 Set Theory Digression A set is deﬁned as any collection of objects, which are called points or elements. 163 0 obj (Measures of Dispersion) endobj 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. << /S /GoTo /D (subsubsection.8.3.1) >> (variance known) << /S /GoTo /D [185 0 R /Fit] >> endobj << /S /GoTo /D (subsubsection.7.3.2) >> Topic 1: Introduction to Business Statistics Objectives . 68 0 obj Measuring of Central Tendency : Arithmetic … numbers and dividing the sum by the count of numbers. Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. 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. located at the 50th percentile and equals the mean of the data. 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 b.com all notes pdf download … (Estimators for Parameters) 8 0 obj A descriptive measure of a sample is called a Statistic. (Definitions and Notation) endobj The sample mean is represented by x, pronounced ‘x- bar’. 43 0 obj 187 0 obj << Organising the data into an ordered This information may relate to objects, subjects, activities, phenomena, or regions of space. << /S /GoTo /D (subsection.8.3) >> As another example, the grade in a test (A,B,C,D,E,F) is again simply a label and is 100 0 obj Measures of location yield information about certain sections of a set of numbers when For a detailed description of calculating percentiles, go to page 61 of the textbook. 80 0 obj (Basics of Probability) 112 0 obj << /S /GoTo /D (subsection.3.1) >> endobj Tagged with: Bcom 1st Year Business Statistics Formula Notes , Bcom business statistics formulas Edit ... B.com 1st 2nd 3rd Year Notes and Books Free PDF Download Residential Status Income Tax Notes B Com 2nd Year Principles of Business Management 2015 Some forms of data collection are destructive. The first quartile, separates the first quartile Monitoring stock markets, investments and commodities. Classification and Tabulation of Data : Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation. the calculation of parameters is usually impossible or infeasible because of the Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. endobj (Test for the mean: population variance known) Distinction between the two terms is important. 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. 107 0 obj The introduced terms include. Usually denoted by Greek Aim- to extract the best possible information from data and use it to make business … estimate the value of a parameter or draw inferences about the parameter. endobj 111 0 obj 71 0 obj Improving production methods and assessing product reliability. (Introduction) << /S /GoTo /D (subsection.7.2) >> In such cases, the business researcher can /Parent 192 0 R << /S /GoTo /D (subsection.6.1) >> endobj (Sample Distributions) The test grades have a natural ordering and thus is an endobj Two steps in analysing data from a sample; exploratory data analysis and statistical A business researcher often wants to 32 0 obj Such data give a >> endobj For an array with an odd Collection of data on a whole population is called a census. 186 0 obj << The second example is that of a continuous data 15 0 obj endobj Notes for Introduction to Business Statistics Sarah Thandi Dippenaar University of Vienna version: 20 May 2013 These notes are work in progress. >> quantity. << /S /GoTo /D (section.3) >> A Complete Key Book in PDF Format for Class 12 (XI) / HSSC / Intermediate. endobj 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. 160 0 obj 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 • << /S /GoTo /D (subsection.4.3) >> 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. Introduction to CHAPTER1 Statistics LEARNING OBJECTIVES After reading this chapter, you should be able to: 1 Distinguish between descriptive and inferential statistics. For example, the employment of a person (teacher, endobj << /S /GoTo /D (subsection.7.4) >> >> endobj ��[Px�]�`�'��ĺ��X̌�n��_�=�p�L,8�ݪl�eYL}j���O����}y�jG�)� �z[pl����R�g���y�^����Dlo���e{ endobj aspects and any special features of the data. << /S /GoTo /D (subsection.1.3) >> << /S /GoTo /D (subsection.3.3) >> 31 0 obj Percentiles- are measures of location that divide a set of data so that a certain fraction of Download Business Mathematics and Statistics Text Book pdf. to that value. data can be described as falling on or below this location. (There's more to it...) 168 0 obj 167 0 obj 11 0 obj 60 0 obj All the notes are easy and helpful for all students for 12th class. 176 0 obj These Notes Key Book, Guide & Handouts with solved exercises are as per latest syllabus. 84 0 obj Mode- most frequently occurring value in a set of data. View Business Statistics Notes.pdf from SCO 2550 at University of Minnesota. first three quarters of the data from the last quarter and is equal to the value of the 75th patterns observed in the data sample are present in the wider population and clearly 83 0 obj 56 0 obj confidence over several months. /Contents 187 0 R (The basic idea) endobj << /S /GoTo /D (subsection.4.1) >> MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. particular model of car. 140 0 obj 47 0 obj << /S /GoTo /D (subsection.2.4) >> numbers. +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�&� 116 0 obj 185 0 obj << Studying 026134 Business Statistics at University of Technology Sydney? Topics covered in Business Statistics Notes. Introductory Business Statistics 3 A Global Text. endobj endobj << /S /GoTo /D (section.8) >> endobj >> endobj The capital Greek letter sigma ( ) is commonly used in mathematics to represent a 2. You can get All 6 semesters B.com Notes & Books in PDF formats. << /S /GoTo /D (subsubsection.7.3.1) >> 91 0 obj values the data may take (0,1...10), whereas in the second example all we can give 108 0 obj Multimodal- data sets that contain two or more modes. on other values that are known, such as other values in the data. Textbook ref- (Sample Mean) measurements. Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. Examples of parameters are population mean, population standard deviation Statistics is a mathematical science concerned with the collection, presentation, endobj 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. (Some Propositions) 184 0 obj (Total Probability) endobj (Bayes) Note that in the first example we know in advance exactly which << /S /GoTo /D (subsubsection.3.5.1) >> 179 0 obj << /S /GoTo /D (subsubsection.7.1.2) >> For example, crash test statistics for a endobj 144 0 obj 28 0 obj Find materials for this course in the pages linked along the left. (Measures of Central Tendency) a categorical data type. endobj Limit of the class . Videotape 2nd year Objective + Subjective chapter wise notes with solved questions & answers. endobj endobj Time series data- data collected over time. endobj endobj It is an appropriate descriptive summary measure for Cross-sectional data- data that are collected at a fixed point in time. endobj << /S /GoTo /D (subsection.7.1) >> Business Statistics . 156 0 obj Statistics for Business Decisions Notes PDF. 20 0 obj Median- is the middle value in an ordered array of numbers. Please sign in or register to post comments. endobj Don't show me this again. endobj endobj (independent samples) 87 0 obj such that P% of the data are equal to or below that value and (100-P)% are above or equal From the below-given table, you can download the Notes for CA Foundation. << /S /GoTo /D (subsection.2.2) >> %���� endobj Introduction to Statistics Introduction, examples and deﬁnitions Introduction We begin the module with some basic data analysis. /Filter /FlateDecode 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. 19 0 obj Then, you will find this page worthy able. (Algebra of Sets) we can list the possible values. /MediaBox [0 0 595.276 841.89] << /S /GoTo /D (subsubsection.8.3.2) >> 124 0 obj (Confidence Intervals) /Length 1208 endobj 12 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. endobj << /S /GoTo /D (subsection.4.2) >> I was able to review business statistics. Introduction to Applied Statistics: Lecture Notes. Numerical data (quantitative)- have a natural order and the numbers represent some 76 0 obj analysis, interpretation or explanation of data. /Resources 186 0 R (Independent Events) 2 Step by Step Business Math and Statistics Math. 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�� �?=?����r��k�>9*��VyY~w�e�Ų��߫U;E�I�J�n̙V�nG�r�1��6 sample variance. Assessing the effectiveness of advertising. Business Statistics Notes for I.Com (Part-II) / 2nd Year. Thanks for the lecture. Because here we have given the best B.com Books and Notes for all 3 years. << /S /GoTo /D (section.4) >> 59 0 obj 48 0 obj 1.1 Statistics in Business. endstream << /S /GoTo /D (subsection.1.2) >> << /S /GoTo /D (subsection.6.3) >> << /S /GoTo /D (subsection.3.2) >> 2. 96 0 obj 35 0 obj 75 0 obj Bimodal- In the case of a tie for the most frequently occurring value, two modes are listed. endobj endobj Discrete data B.Com Books & Study Materials in PDF Free Download for 1st, 2nd, 3rd years: Are you studying Bachelors of Commerce (B.Com) Degree? Part I Probability Theory 3. 151 0 obj endobj the given month. 152 0 obj 180 0 obj amount of time and money required. 128 0 obj

Xhosa Love Poems Mp3, Induction Cooktop Vs Gas, Easy Shepherd's Pie With Instant Mashed Potatoes And Beef Broth, Family Tree Of Chinese Emperors, Disadvantages Of Network Diagram In Project Management, Can You Eat Perch Uk, Utsa Main Campus,