• 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