**Measures of Central Tendency – Mean, Median, Mode**
**Descriptive statistics**
**Measures of Central Tendency **
**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