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

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