Course Objective:
To gain understanding the fundamental concepts of business statistics and its applications in business decision making.
Course Outcomes:
By completing this course the student will learn to perform the following:
CO-1 Understand the basic concepts in business statistics.
CO-2 Explain basic statistical concepts such as statistical data collection, distinguish between primary data and secondary data.
CO-3 Explain statistical series, classification, tabular and graphical representation of data.
CO-4 Define and calculate different measures of central tendency viz. – Mean, Median, Mode, Geometric mean, Harmonic mean and use appropriate measures of central tendency.
CO-5 Define and calculate different measures of dispersion viz. – range, quartile deviation, mean deviation, and standard deviation; and use appropriate measures of dispersion.
CO-6 Define and calculate coefficient of Skewness and Kurtosis.
CO-7 Describe different types of correlation, elaborate methods of calculating correlation of both ungrouped and grouped data.
CO-8 Choose appropriate statistical method for solving practical problems.
- Teacher: Dr. SRIDHAR BABU MOTHUKURI