Statisitcs for Management

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Statisitcs for Management SOLVED PAPERS AND GUESS

Product Details: Uttarakhand Technical University Statisitcs for Management

Pub. Date: NEW EDITION APPLICABLE FOR Current EXAM

Publisher: MEHTA SOLUTIONS

Edition Description: 2021-22

RATING OF BOOK: EXCELLENT

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If you find yourself getting fed up and frustrated with other Uttarakhand Technical University book solutions now mehta solutions brings top solutions for Uttarakhand Technical University Statisitcs for Management book contains previous year solved papers plus faculty important questions and answers specially for Uttarakhand Technical University .questions and answers are specially design specially for Uttarakhand Technical University students .

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STATISTICS FOR MANAGEMENT

Unit-I

Introduction: Definition of Statistics, Characteristics, Functions, Importance, Limitations and Types of Statistics, Uses of Statistics in Functional Areas of Management, Introduction to Sampling.

Classification and Presentation of Data: Frequency Distribution – Discrete and Continuous Frequency Distribution; Diagrammatic and Graphic Representation – Line, Bar, Rectangle and Pie Diagram, Graphs – Histograms, Frequency Polygon, Cumulative Frequency Curves or Ogives – Advantages and Limitations of Diagrams and Graph, Tabulation – Types of Tables.

Unit-II

Measures of Central Tendency and Dispersion: Average – Concept, Types, Mathematical Averages – Arithmetic, Geometric, and Harmonic Mean, Position and Locational Averages, Median, Mode. Measures of Dispersion – Range, Quartile Deviation – Mean and Standard Deviation, Variance – Coefficient of Variance – Comparison of Various Measures of Dispersion, Skewness – Relative Measures of Skewness – Karl Pearson, Bowley, Kelly – Coefficient of Skewness, Kurtosis.

Unit-III

Correlation and Regression: Correlation – Scatter Diagram, Karl Pearson’s Coefficient of Correlation, Spearman’s Coefficient of Rank Correlation; Concurrent Deviation; Regression Method of Least Squares, Method of Regression Coefficient, Properties of Regression Coefficient, Partial and Multiple Correlation and Regression Coefficient.

Unit-IV

Time Series and Forecasting: Time Series – Introduction, Objectives of Time Series, Identification of Trend, Variation in Time Series – Secular Variation, Cyclical Variation, Seasonal Variation, and Irregular Variation, Methods of Estimating Trend, Choosing Appropriate Forecasting Model.

Unit-V

Probability and Probability Distribution: Classical and Axiomatic Approaches, Basic Theorems – Addition, Multiplication – Conditional and Bayes Theorem, Random Variables and Concept of Probability Distribution. Theoretical Probability Distributions – Binomial, Poisson, and Normal, Exponential Distribution and its Problems.

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