• Measures of Central Tendency – Mean, Median, Mode
• Descriptive statistics
• Measures of Central Tendency
• Mean
• Median
• Mode
• Advantages and disadvantages of– Mean, Median, Mode

• Theory of Correlation: Meaning of Correlation, Simple Correlation, Co-efficient, Rank Correlation.
• Correlation
• Introduction
• Types
• Coefficient of correlation
• Measurement of correlation
• Scatter Diagram
• Karl Pearson’s coefficient of correlation
• Rank correlation
• Coefficient  of Variation
• Properties of correlation coefficient

• Regression Analysis
• Regression –Introduction and definition
• Types of regression
• Line of best fit
• Regression equations
• Properties of regression lines and regression coefficients
• Standard error of estimate
• Simple linear regression
• Problems based on linear regression

• Sets, Set Operations, Venn diagram
• Introduction and definition
• Different types of sets
• Union, intersection and complement of a set
• Difference of two sets
• Venn diagram

• Probability: Random Experiment, Sample Space and Events, Addition and Multiplication theorems
• Probability
• Definitions –random experiment, sample space events etc.
• Statement of Addition theorem and multiplication theorems
• Problems based on the above theorems
• Conditional probability

• Bayes Theorems and its Applications
• Probability
• Inverse Probability
• Bayes theorem and its applications in business

• Decision Theory
• Decision analysis concept
• Types of decision making environment
• Decision making under certainty
• Decision making under un uncertainty
• Maximin, minimax, maximax, Laplace and Hurwitz alpha criterion
• Decision making under risk –EOL,EMV and EVPI criteria
• Decision trees

• Random Variable and Probability Distribution: Binomial, Poisson, Normal
• Discrete and continuous random variable
• Probability Distributions continuous and discrete
• Binomial distribution
• Poisson distribution
• Normal Distribution
• Uniform Distribution
• Problems based on the above

• Concepts of Population, Sampling Etc.
• Survey and sampling
• Population and universe
• Sampling
• Sample
• Types of Sampling
• Steps in sampling

• Non Parametric Tests
• Mann-Whitney U test
• Kolmogorov-Smirnov Z test
• Chi square test