Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. View Business Statistics Notes.pdf from SCO 2550 at University of Minnesota. 148 0 obj For example, monthly 2 Explain how samples and populations, as well as a sample statistic and population parameter, differ. << /S /GoTo /D (section.8) >> 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. (Basics of Probability) ordinal data type. 179 0 obj Part I Probability Theory 3. (Sets \(Mengen\)) Percentiles- are measures of location that divide a set of data so that a certain fraction of (Measures of Central Tendency) << /S /GoTo /D (subsection.6.2) >> 124 0 obj For a detailed description of calculating percentiles, go to page 61 of the textbook. endstream Mean (arithmetic mean)- the average of a set of numbers. endobj the given month. endobj 183 0 obj Reporting economic data (interest rates, un-employment, consumer Bimodal- In the case of a tie for the most frequently occurring value, two modes are listed. << /S /GoTo /D (subsection.7.4) >> x��YMs�6��W�V�@�X|�h�Nǝ����@I�� %�$�$���>�Hvf�'Jr�{���c�F\��z5���#�������!�)$Z�H�4�\G�Y�|�#FIkܥ�;��M�I&؉i�L@7���,�����1S�|NE����y�&�*��M�3�G|ʞ��N���>\ � �2A��ٸ=֐pŔ�E�wJpMSJn#P��+\C��j�b�q�d�4=�gى�F(��F�b�4u �G�]T��rm>��/ A Complete Key Book in PDF Format for Class 12 (XI) / HSSC / Intermediate. is a range, say (80-140kg). endobj Introduction to Applied Statistics: Lecture Notes. endobj three quartiles are denoted as Q1, Q2 and Q3. 19 0 obj endobj Mode- most frequently occurring value in a set of data. He Usually denoted by Roman endobj Multimodal- data sets that contain two or more modes. 167 0 obj Notes for Introduction to Business Statistics Sarah Thandi Dippenaar University of Vienna version: 20 May 2013 These notes are work in progress. 188 0 obj << Chapter 1 INTRODUCTION 1.1 Set Theory Digression A set is defined as any collection of objects, which are called points or elements. Textbook ref- endobj +F��u�v�N�WySL��;p��O]M�IQ�5�蘒8%�>�Kw�{g����|�,��|�O���y�&�i�"��9Ü��]~+�y��8eAQ���k&� 8�3 4=|���j�C^v�[5��d�&� endobj A continuous example of how Linda Smith calculates statistics and uses them when making business decisions for Linda'sVideo Showcase is an integral part of Quick Notes Statistics. 175 0 obj (Axioms of Probability) Concept of Population and sample with illustration, Methods of Sampling SRSWR, SRSWOR, Stratified, Systematic. take a representative sample of the population and use the corresponding sample �̜r%�Ǒ:yW����>& j����:o�+(�$_�����Я�x�����+���?f0�"q�>Jm�gEo��Q�� endobj An inference is a conclusion that Examples of parameters are population mean, population standard deviation on other values that are known, such as other values in the data. For example, the employment of a person (teacher, The introduced terms include. These Notes Key Book, Guide & Handouts with solved exercises are as per latest syllabus. amount of time and money required. Topics covered in Business Statistics Notes. << /S /GoTo /D (subsection.3.5) >> patterns observed in the data sample are present in the wider population and clearly %PDF-1.5 << /S /GoTo /D (subsection.7.1) >> Please send these to me at: 1 measurements. 87 0 obj 155 0 obj << /S /GoTo /D (subsubsection.3.5.1) >> 67 0 obj This information may relate to objects, subjects, activities, phenomena, or regions of space. 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 • Examples include; ALL small businesses, ALL workers currently employed Chapter 1: Statistics, Data, and Statistical Thinking Statistics: The science of data - Involves collecting, classifying, << /S /GoTo /D (subsection.2.1) >> /Length 1208 (Test for the mean: population variance unknown) 32 0 obj 12 0 obj letters. These include the mode, the median and the mean. 111 0 obj << /S /GoTo /D (subsection.1.2) >> Some forms of data collection are destructive. << /S /GoTo /D (section.7) >> 131 0 obj (Measures of Dispersion) << /S /GoTo /D (section.6) >> ranked into an ascending array. endobj categorical data. The second example is that of a continuous data 108 0 obj (Estimators for Parameters) letters. (Hypothesis Testing) BUSINESS STATISTICS Unit l . nominal data type. << /S /GoTo /D (subsection.5.1) >> (The basic idea) Definitions; Notes; Generating Random Numbers on the TI-82; Chapter 2 - Describing, Exploring, and Comparing Data ��[Px�]�`�'��ĺ��X̌�n��_�=�p�L,8�ݪl�eYL}j���O����}y�jG�)� �z[pl����R�g���y�^����Dlo���e{ %���� endobj Studying 026134 Business Statistics at University of Technology Sydney? doctor). 1.1 Statistics in Business. Thanks for the lecture. Statistical inference uses sample data to reach conclusions about the population endobj However 80 0 obj Aim- to extract the best possible information from data and use it to make business … 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. statistic to estimate the population parameter. Welcome! Then, you will find this page worthy able. (Multiplication theorem for conditional probabilities) (variance known) << /S /GoTo /D (subsection.3.4) >> 3. Measuring of Central Tendency : Arithmetic … 75 0 obj endobj endobj 7 0 obj Very helpful indeed. 76 0 obj 84 0 obj 187 0 obj << Notes on Probability Theory and Statistics Antonis Demos (Athens University of Economics and Business) October 2002. estimate the value of a parameter or draw inferences about the parameter. (The Significance Level) (variance unknown - the t-distribution) Market research, interpreting sales figures, forecasting demand. << /S /GoTo /D (subsection.5.2) >> 164 0 obj endobj endobj endobj On StuDocu you find all the study guides, past exams and lecture notes for this course endobj 144 0 obj endobj 8 Events are subsets of the sample space (A,B,C,...). a categorical data type. << /S /GoTo /D (subsection.3.3) >> endobj (before-after comparisons) often arise from counting processes, while continuous data arise from (Sample Distributions) endobj endobj endobj I was able to review business statistics. Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. endobj endobj quantity. Please sign in or register to post comments. << /S /GoTo /D (section.4) >> Such data give a Time series data- data collected over time. Statistics for Business Decisions Notes PDF. << /S /GoTo /D (subsubsection.7.3.1) >> Usually denoted by Greek graphical summaries of data are produced to summarise and highlight the key (Sample Space and Events) /ProcSet [ /PDF /Text ] This cannot be ranked in any meaningful way and thus is an example of a SECTION-A 1. /Length 440 values the data may take (0,1...10), whereas in the second example all we can give endobj endobj 112 0 obj 36 0 obj (A note of caution) endobj (The Hypotheses) /D [185 0 R /XYZ 101.884 750.964 null] 136 0 obj 44 0 obj Provides information on consumer confidence for aspects and any special features of the data. 135 0 obj endobj 107 0 obj B. Linda will use descriptive statistics to analyze this daily video rentals data set. << /S /GoTo /D (section.3) >> Discrete data A descriptive measure of a sample is called a Statistic. 151 0 obj 15 0 obj 28 0 obj 56 0 obj 2 Step by Step Business Math and Statistics Math. endobj 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. (Definitions and Concepts) 152 0 obj /Filter /FlateDecode endobj Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. 168 0 obj 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. Improving production methods and assessing product reliability. /Font << /F16 190 0 R /F17 191 0 R >> /Type /Page 51 0 obj Download Business Mathematics Notes, PDF, Books, Syllabus for B COM, BBA 2021.We provide complete business mathematics notes. N is used to represent the number of terms in a populat ion, and n is used to represent the N Videotape << /S /GoTo /D (subsection.5.3) >> �h4����O�_6�і+I��nJ�������B-��p#5���NG�zD��qS]�����9��H���!���� ~_����?HBl�):dW��z��N�Μ�gkeYI�����Xb��cgxX�[}�&�̎n^�� This is one of over 2,200 courses on OCW. (Sample Proportion) 2. Two examples are the number of heads in ten tosses of a coin and the weights of endobj (Test for the mean: population variance known) interest. The Pth percentile is the value << /S /GoTo /D (subsection.8.3) >> Find materials for this course in the pages linked along the left. The sample mean is represented by x, pronounced ‘x- bar’. << /S /GoTo /D (section.5) >> << /S /GoTo /D (subsection.4.3) >> 35 0 obj (Some Descriptive Statistics) 143 0 obj The 147 0 obj 59 0 obj 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. Business Statistics Summary Notes Chapter 1. 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. Statistics Class 11 Notes – Useful Terms. 186 0 obj << Exploratory data analysis (EDA)- is the first step, in which numerical, tabular and 159 0 obj endobj from which the sample was drawn. middle numbers. 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. 4 0 obj endobj 139 0 obj endobj particular model of car. impossible as they would all be destroyed. Because here we have given the best Books and Notes for all 3 years. to that value. >> endobj endobj Download Business Mathematics and Statistics Text Book pdf. << /S /GoTo /D (section.2) >> 72 0 obj endobj Introduction to Statistics Introduction, examples and definitions Introduction We begin the module with some basic data analysis. number, the median is the middle number, if the array is even, it is the average of the two endobj 11 0 obj The second quartile separates the second quarter of the data from the third quarter, and is Don't show me this again. From the below-given table, you can download the Notes for CA Foundation. /MediaBox [0 0 595.276 841.89] type, where we can only give a range of possible values for the data. endobj /ColorSpace 3 0 R /Pattern 2 0 R /ExtGState 1 0 R endobj << /S /GoTo /D (subsection.6.3) >> endobj located at the 50th percentile and equals the mean of the data. endobj endobj (Conditional Probablitly) endobj 189 0 obj << >> endobj endobj decisions. Example, data collected of consumer endobj 95 0 obj (Definitions and Notation)

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