Business Statistics
Subject Overview
Business Statistics gives BBA students the quantitative toolkit for evidence-based decision-making — the same statistical foundation B.Com students build, applied to management contexts. You'll cover data collection and sampling concepts, measures of central tendency and variation, correlation and regression analysis, and close with probability theory and probability distributions (Binomial, Poisson, Normal). This is a 6-credit core paper across 4 units, and it directly supports Operation Research and Business Research Methods later in the program.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Introduction to statistics & sampling
Meaning, features, importance and scope of statistics, sources of primary and secondary data, frequency distribution, population and sample, descriptive and inferential statistics, probability and non-probability sampling methods
Unit 2: Central tendency, variation & sampling distribution
Arithmetic, geometric and harmonic mean, mode and median, quartiles, deciles and percentiles, range, quartile deviation, mean deviation, standard deviation and variance, sampling distribution
Unit 3: Correlation & regression analysis
Simple, multiple and partial correlation, linear and non-linear correlation, scatter diagrams, Pearson's correlation coefficient, Rank correlation, principle of least squares, regression coefficient properties
Unit 4: Probability & probability distributions
Approaches to calculating probability, addition and multiplication laws, conditional probability and Bayes' Theorem, Binomial, Poisson and Normal distributions