type, where we can only give a range of possible values for the data. << /S /GoTo /D (section.5) >> graphical summaries of data are produced to summarise and highlight the key Don't show me this again. Aim- to extract the best possible information from data and use it to make business … endobj /ProcSet [ /PDF /Text ] 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 Another way to locate the median is by finding the (n+1)/2''th term in the ordered array. (Estimators for Parameters) << /S /GoTo /D (subsubsection.3.5.1) >> to that value. 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. 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. 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. (variance known) 131 0 obj quantity. 128 0 obj endobj A Complete Key Book in PDF Format for Class 12 (XI) / HSSC / Intermediate. /Type /Page endobj %PDF-1.5 Usually denoted by Roman endobj Percentiles- are measures of location that divide a set of data so that a certain fraction of Collection of data on a whole population is called a census. 99 0 obj 132 0 obj >> endobj << /S /GoTo /D (section.3) >> The test grades have a natural ordering and thus is an numbers and dividing the sum by the count of numbers. Statistical inference uses sample data to reach conclusions about the population >> << /S /GoTo /D (subsection.5.1) >> ranked into an ascending array. endobj 179 0 obj Two examples are the number of heads in ten tosses of a coin and the weights of N 16 0 obj endobj 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>��/ << /S /GoTo /D (subsection.4.3) >> << /S /GoTo /D (subsubsection.8.3.2) >> (Levels of Measurement) 111 0 obj 164 0 obj 123 0 obj 107 0 obj endobj 47 0 obj (Sample Distributions) 168 0 obj Chapter 1: Statistics, Data, and Statistical Thinking Statistics: The science of data - Involves collecting, classifying, 68 0 obj endobj endobj equals the total number of observations. 20 0 obj 71 0 obj View Business Statistics Notes.pdf from SCO 2550 at University of Minnesota. << /S /GoTo /D (subsection.4.1) >> 139 0 obj 104 0 obj It is an appropriate descriptive summary measure for 124 0 obj nominal data type. 183 0 obj Example, data collected of consumer endstream Introduction to Applied Statistics: Lecture Notes. 156 0 obj (Confidence Intervals for Proportion Differences) Usually denoted by Greek Part I Probability Theory 3. As another example, the grade in a test (A,B,C,D,E,F) is again simply a label and is 144 0 obj 147 0 obj For example, crash test statistics for a (Confidence Intervals for the Difference of two Means) sample variance. 116 0 obj endobj /ColorSpace 3 0 R /Pattern 2 0 R /ExtGState 1 0 R The The capital Greek letter sigma ( ) is commonly used in mathematics to represent a endobj first three quarters of the data from the last quarter and is equal to the value of the 75th Studying 026134 Business Statistics at University of Technology Sydney? 100 0 obj 151 0 obj 15 0 obj number of terms in a sample. from which the sample was drawn. Download Business Mathematics Notes, PDF, Books, Syllabus for B COM, BBA 2021.We provide complete business mathematics notes. Then, you will find this page worthy able. Very helpful indeed. << /S /GoTo /D (subsection.8.3) >> Table of ContentsMeasures of Central TendencyMeasures of DispersionCorrelationRegressionSamplingTest of HypothesisChi-Square TestIndex NumbersInterpolationExtrapolation A descriptive measure of a sample is called a Statistic. SECTION-A 1. 31 0 obj endobj Numerical data (quantitative)- have a natural order and the numbers represent some 32 0 obj interest. << /S /GoTo /D (subsection.3.5) >> Welcome! confidence, etc). 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. It is found by summing all the statistic to estimate the population parameter. 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. Multimodal- data sets that contain two or more modes. 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 … Measures of location yield information about certain sections of a set of numbers when B.Com Books & Study Materials in PDF Free Download for 1st, 2nd, 3rd years: Are you studying Bachelors of Commerce (B.Com) Degree? Assessing the effectiveness of advertising. 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 148 0 obj Data condensation and endobj These Notes Key Book, Guide & Handouts with solved exercises are as per latest syllabus. and involves more formal data analysis techniques. endobj endobj 1. 108 0 obj 67 0 obj Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. 2. 84 0 obj and population variance. decisions. Statistics is a mathematical science concerned with the collection, presentation, ��[Px�]�`�'��ĺ��X̌�n��_�=�p�L,8�ݪl�eYL}j���O����}y�jG�)� �z[pl����R�g���y�^����Dlo���e{ Business Statistics Summary Notes Chapter 1. Please send these to me at: sarah.dippenaar@univie.ac.at 1 << /S /GoTo /D [185 0 R /Fit] >> �h4����O�_6�і+I��nJ�������B-��p#5���NG�zD��qS]�����9��H���!���� ~_����?HBl�):dW��z��N�Μ�gkeYI�����Xb��cgxX�[}�&�̎n^�� << /S /GoTo /D (subsection.2.1) >> 159 0 obj (Measures of Dispersion) (Conditional Probablitly) patterns observed in the data sample are present in the wider population and clearly 23 0 obj Download Business Mathematics and Statistics Text Book pdf. endobj << /S /GoTo /D (subsection.3.2) >> often arise from counting processes, while continuous data arise from 12 0 obj endobj (An illustrative example) The introduced terms include. This is one of over 2,200 courses on OCW. endobj << /S /GoTo /D (subsection.8.2) >> endobj (Multiplication theorem for conditional probabilities) Measures of central tendency yield information about the centre, or middle part, of a set of letters. Videotape (Test for the mean: population variance unknown) Notes for Introduction to Business Statistics Sarah Thandi Dippenaar University of Vienna version: 20 May 2013 These notes are work in progress. 143 0 obj Introduction to CHAPTER1 Statistics LEARNING OBJECTIVES After reading this chapter, you should be able to: 1 Distinguish between descriptive and inferential statistics. Provides information on consumer confidence for has no numerical meaning. endobj Notes on Probability Theory and Statistics Antonis Demos (Athens University of Economics and Business) October 2002. Population- A population is a collection of objects (often called units or subjects) of endobj 24 0 obj aspects and any special features of the data. << /S /GoTo /D (subsubsection.7.3.1) >> endobj values the data may take (0,1...10), whereas in the second example all we can give The population mean is represented by the Greek letter mu (u). +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�&� 189 0 obj << endobj << /S /GoTo /D (subsubsection.7.1.1) >> /Parent 192 0 R 56 0 obj take a representative sample of the population and use the corresponding sample stream Textbook ref- 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. 163 0 obj 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 … endobj For example, monthly 1.1 Statistics in Business. For an array with an odd confidence over several months. << /S /GoTo /D (section.8) >> (independent samples) /Filter /FlateDecode Examples include; ALL small businesses, ALL workers currently employed 136 0 obj Topic 1: Introduction to Business Statistics Objectives . �p�n��0z/��]�6�5v����0�R��&~r��㶭�Fu��j�ۣ���tFH!%�N. 60 0 obj endobj << /S /GoTo /D (subsubsection.7.1.2) >> ordinal data type. measurements. 185 0 obj << endobj endobj (The Hypotheses) For a detailed description of calculating percentiles, go to page 61 of the textbook. 180 0 obj Examples of statistics are sample mean, sample standard deviation and three quartiles are denoted as Q1, Q2 and Q3. Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. summation of all the numbers in a grouping. endobj 176, 88, 53, 66, 97, 73, 64, 82, 77, 57, 93, 85, 70, 76, 68. << /S /GoTo /D (subsection.3.1) >> (Bayes) endobj The third quartile, divides the Mode- most frequently occurring value in a set of data. endobj 7 0 obj 59 0 obj (Hypothesis Testing) 2nd year Objective + Subjective chapter wise notes with solved questions & answers. Interpolation- is a prediction of the value of something that is hypothetical or unknown based 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. (Sample Proportion) (A note of caution) 127 0 obj Time series data- data collected over time. These include the mode, the median and the mean. endobj 186 0 obj << 11 0 obj Business Statistics . 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. endobj /Resources 186 0 R the given month. 87 0 obj (Some Propositions) << /S /GoTo /D (subsection.5.3) >> Aim- to extract the best possible information from data and use it to make business 2 Explain how samples and populations, as well as a sample statistic and population parameter, differ. 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. 2. 8 0 obj 172 0 obj 72 0 obj particular model of car. (Independent Events) A business researcher often wants to endobj Market research, interpreting sales figures, forecasting demand. estimate the value of a parameter or draw inferences about the parameter. Business Statistics Notes for I.Com (Part-II) / 2nd Year. 120 0 obj numbers. 27 0 obj I was able to review business statistics. 55 0 obj 119 0 obj Exploratory data analysis (EDA)- is the first step, in which numerical, tabular and (There's more to it...) %���� Limit of the class . The first example is that of a discrete data type, where endobj 52 0 obj Examples of parameters are population mean, population standard deviation 155 0 obj << /S /GoTo /D (subsection.1.2) >> << /S /GoTo /D (subsubsection.6.2.1) >> (Axioms of Probability) endobj 176 0 obj (Definitions and Notation) (Confidence Intervals for Means) (Algebra of Sets) >> endobj endobj 64 0 obj endobj endobj endobj endobj (before-after comparisons) 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. 184 0 obj Median- is the middle value in an ordered array of numbers. Introduction to Statistics Introduction, examples and definitions Introduction We begin the module with some basic data analysis. endobj 80 0 obj 135 0 obj located at the 50th percentile and equals the mean of the data. << /S /GoTo /D (subsection.7.3) >> letters. << /S /GoTo /D (section.2) >> endobj 92 0 obj 4 0 obj >> endobj In such cases, the business researcher can 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 - … /MediaBox [0 0 595.276 841.89] is a range, say (80-140kg). Cross-sectional data- data that are collected at a fixed point in time. << /S /GoTo /D (subsection.1.3) >> endobj endobj Measuring of Central Tendency : Arithmetic … endobj Chapter 1. Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. we can list the possible values. /Length 1208 << /S /GoTo /D (subsection.4.2) >> 3. (Inferential Statistics Basics) on other values that are known, such as other values in the data. Note that in the first example we know in advance exactly which 8 Events are subsets of the sample space (A,B,C,...). endobj �?=?����r��k�>9*��VyY~w�e�Ų��߫U;E�I�J�n̙V�nG�r�1��6 230 0 obj << Parameter- Is a descriptive measure of the population. 91 0 obj 48 0 obj array helps to locate the mode. 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 , examples and definitions Introduction we begin the module with some basic analysis! 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