180 0 obj estimate the value of a parameter or draw inferences about the parameter. Business Statistics Notes for I.Com (Part-II) 2nd Year for Federal Board (FBISE) Islamabad & Punjab Boards. 127 0 obj (variance known) measurements. three quartiles are denoted as Q1, Q2 and Q3. 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 endobj endobj (Multiplication theorem for conditional probabilities) 115 0 obj << /S /GoTo /D (subsection.6.3) >> statistic to estimate the population parameter. (Test for the mean: population variance unknown) (Confidence Intervals for the Difference of two Means) << /S /GoTo /D (subsection.4.3) >> (Algebra of Sets) << /S /GoTo /D (subsection.6.1) >> 152 0 obj However endobj 163 0 obj endobj << /S /GoTo /D (subsection.3.5) >> Measuring of Central Tendency : Arithmetic … /Resources 186 0 R /Type /Page endobj type, where we can only give a range of possible values for the data. << /S /GoTo /D (subsubsection.6.2.2) >> Detecting credit card, mobile phone and banking fraud. Two examples are the number of heads in ten tosses of a coin and the weights of 31 0 obj on other values that are known, such as other values in the data. The population mean is represented by the Greek letter mu (u). 91 0 obj endobj 96 0 obj of the data from the upper three quartiles and is equal to the 25th percentile. endobj endobj A business researcher often wants to Chapter 1. N Quartiles- are measures of location that divide a set of data into four subgroups or parts. /Filter /FlateDecode For a detailed description of calculating percentiles, go to page 61 of the textbook. 88 0 obj endobj 8 0 obj 24 0 obj endobj Table of ContentsMeasures of Central TendencyMeasures of DispersionCorrelationRegressionSamplingTest of HypothesisChi-Square TestIndex NumbersInterpolationExtrapolation endobj Two steps in analysing data from a sample; exploratory data analysis and statistical The capital Greek letter sigma ( ) is commonly used in mathematics to represent a endobj The Aim- to extract the best possible information from data and use it to make business … << /S /GoTo /D (section.5) >> 186 0 obj << It is an appropriate descriptive summary measure for All the notes are easy and helpful for all students for 12th class. endobj (Some Descriptive Statistics) endobj He Population- A population is a collection of objects (often called units or subjects) of Introduction of Statistics : Growth of Statistics, Definition, Scope, Uses, Misuses and Limitation of Statistics, Collection of Primary & Secondary Data, Approximation and Accuracy, Statistical Errors. Then, you will find this page worthy able. Usually the main aim of any statistical exercise 67 0 obj Topic 1: Introduction to Business Statistics Objectives . array helps to locate the mode. << /S /GoTo /D (section.8) >> /Font << /F16 190 0 R /F17 191 0 R >> 52 0 obj << /S /GoTo /D (section.7) >> assumes that the sample is representative of the population. This is one of over 2,200 courses on OCW. 39 0 obj A Complete Key Book in PDF Format for Class 12 (XI) / HSSC / Intermediate. endobj Textbook ref- 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. Monitoring stock markets, investments and commodities. endobj Topics covered in Business Statistics Notes. 63 0 obj << /S /GoTo /D (subsubsection.7.1.1) >> endobj endobj endobj endobj << /S /GoTo /D (subsection.7.2) >> 99 0 obj 80 0 obj These Notes Key Book, Guide & Handouts with solved exercises are as per latest syllabus. (Sets \(Mengen\)) endobj (Independent Events) (Conditional Probablitly) 72 0 obj << /S /GoTo /D (subsubsection.7.3.1) >> Classification and Tabulation of Data : Meaning and Characteristics, Frequency Distribution, Simple and Manifold Tabulation. quantity. (The Significance Level) 1. 2 Step by Step Business Math and Statistics Math. Examples include; ALL small businesses, ALL workers currently employed endobj 2. << /S /GoTo /D (subsection.6.2) >> << /S /GoTo /D (subsection.2.4) >> Distinction between the two terms is important. endobj You can get All 6 semesters B.com Notes & Books in PDF formats. endobj (There's more to it...) endobj endobj endobj << /S /GoTo /D (subsection.7.3) >> 131 0 obj 95 0 obj endobj 100 0 obj << /S /GoTo /D (subsection.4.1) >> (independent samples) The first quartile, separates the first quartile first three quarters of the data from the last quarter and is equal to the value of the 75th data can be described as falling on or below this location. /ProcSet [ /PDF /Text ] rugby players. ordinal data type. numbers. 2nd year Objective + Subjective chapter wise notes with solved questions & answers. /Length 1208 surveys of consumer confidence. The sample mean is represented by x, pronounced ‘x- bar’. Improving production methods and assessing product reliability. Business Statistics - Lecture notes - 1 - 3, Copyright © 2020 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Upgrade to Premium to read the full document, Statistics Exam Notes Based On Lectures - Introduction To Statistics And Analysis, Sample/practice Exam 25 April 2016, Questions and Answers, 26134 uts business statistics high distinction. endobj ��[Px�]�`�'��ĺ��X̌�n��_�=�p�L,8�ݪl�eYL}j���O����}y�jG�)� �z[pl����R�g���y�^����Dlo���e{ Cross-sectional data- data that are collected at a fixed point in time. << /S /GoTo /D (subsubsection.7.1.2) >> 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. Videotape particular model of car. Thanks for the lecture. categorical data. is a range, say (80-140kg). B. Linda will use descriptive statistics to analyze this daily video rentals data set. This information may relate to objects, subjects, activities, phenomena, or regions of space. endobj from which the sample was drawn. Statistics is a mathematical science concerned with the collection, presentation, analysis, interpretation or explanation of data. endobj number of terms in a sample. 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 • 139 0 obj endobj Usually denoted by Roman endobj << /S /GoTo /D (subsection.5.3) >> 104 0 obj (Tests, Test Statistics and Decisions) B.Com Books & Study Materials in PDF Free Download for 1st, 2nd, 3rd years: Are you studying Bachelors of Commerce (B.Com) Degree? The first example is that of a discrete data type, where take a representative sample of the population and use the corresponding sample Statistics is a mathematical science concerned with the collection, presentation, ��5�$_�܇��6w E H'����/�G3�sd�எ�:ﰁ'�Bm�� number, the median is the middle number, if the array is even, it is the average of the two Time series data- data collected over time. 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 … (Estimators for Parameters) 44 0 obj (Some Propositions) (variance unknown - the t-distribution) Assessing the effectiveness of advertising. 2. analysis, interpretation or explanation of data. Limit of the class . (Measures of Central Tendency) Usually denoted by Greek often arise from counting processes, while continuous data arise from >> (The basic idea) 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. 2 Explain how samples and populations, as well as a sample statistic and population parameter, differ. Interpolation- is a prediction of the value of something that is hypothetical or unknown based endobj Organising the data into an ordered endobj endobj 176, 88, 53, 66, 97, 73, 64, 82, 77, 57, 93, 85, 70, 76, 68. Statistics for Business Decisions Notes PDF. endobj Parameter- Is a descriptive measure of the population. From the below-given table, you can download the Notes for CA Foundation. /Filter /FlateDecode << /S /GoTo /D (subsection.1.2) >> 59 0 obj endobj 36 0 obj 16 0 obj 23 0 obj /Contents 187 0 R 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. >> endobj (Axioms of Probability) endobj 32 0 obj Notes for Introduction to Business Statistics Sarah Thandi Dippenaar University of Vienna version: 20 May 2013 These notes are work in progress. �̜r%�Ǒ:yW����>& j����:o�+(�$_�����Я�x�����+���?f0�"q�>Jm�gEo��Q�� +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�&� (Confidence Intervals for Proportion Differences) 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) 15 0 obj 155 0 obj letters. endobj 189 0 obj << 164 0 obj endobj 188 0 obj << The second quartile separates the second quarter of the data from the third quarter, and is << /S /GoTo /D (section.2) >> >> endobj Please sign in or register to post comments. (Confidence Intervals) endobj 48 0 obj << /S /GoTo /D (section.3) >> amount of time and money required. Statistical inference uses sample data to reach conclusions about the population Don't show me this again. Provides information on consumer confidence for The Pth percentile is the value 175 0 obj 68 0 obj endobj (Introduction) << /S /GoTo /D (section.1) >> Chapter 1 - Introduction to Statistics. Measures of location yield information about certain sections of a set of numbers when Studying 026134 Business Statistics at University of Technology Sydney? �?=?����r��k�>9*��VyY~w�e�Ų��߫U;E�I�J�n̙V�nG�r�1��6 Definitions; Notes; Generating Random Numbers on the TI-82; Chapter 2 - Describing, Exploring, and Comparing Data 19 0 obj 20 0 obj 167 0 obj << /S /GoTo /D (subsection.8.1) >> 43 0 obj Sampling is the only option as testing all cars would be endobj Part I Probability Theory 3. 47 0 obj Example, data collected of consumer and population variance. (Sample Proportion) endobj endobj (Hypothesis Testing) Because here we have given the best B.com Books and Notes for all 3 years. (An illustrative example) (Test for the mean: population variance known) graphical summaries of data are produced to summarise and highlight the key decisions. << /S /GoTo /D (subsection.3.2) >> 3. MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. The third quartile, divides the endobj Please send these to me at: sarah.dippenaar@univie.ac.at 1 Download Business Mathematics and Statistics Text Book pdf. endobj 11 0 obj endobj endobj Chapter 1: Statistics, Data, and Statistical Thinking Statistics: The science of data - Involves collecting, classifying, endobj View Business Statistics Notes.pdf from SCO 2550 at University of Minnesota. 71 0 obj << /S /GoTo /D (subsection.3.3) >> a categorical data type. �p�n��0z/��]�6�5v����0�R��&~r��㶭�Fu��j�ۣ���tFH!%�N. 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. 35 0 obj 132 0 obj Collection of data on a whole population is called a census. << /S /GoTo /D (section.6) >> 230 0 obj << endobj (Measures of Dispersion) Introduction to CHAPTER1 Statistics LEARNING OBJECTIVES After reading this chapter, you should be able to: 1 Distinguish between descriptive and inferential statistics. (The Hypotheses) endobj patterns observed in the data sample are present in the wider population and clearly 60 0 obj For example, monthly These are related and both should be performed for any given data. On StuDocu you find all the study guides, past exams and lecture notes for this course 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. 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. 64 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 Find materials for this course in the pages linked along the left. 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�� I would be very grateful for comments and identi cation of errors. endobj Exploratory data analysis (EDA)- is the first step, in which numerical, tabular and endobj /Parent 192 0 R >> Mean (arithmetic mean)- the average of a set of numbers. Mode- most frequently occurring value in a set of data. 108 0 obj endobj << /S /GoTo /D (subsection.2.1) >> endobj Measures of central tendency yield information about the centre, or middle part, of a set of 12 0 obj Such data give a 111 0 obj endobj 156 0 obj letters. equals the total number of observations. << /S /GoTo /D (subsection.3.1) >> 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. 136 0 obj (Definitions and Notation) 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 endstream 40 0 obj 160 0 obj endobj 159 0 obj 4 0 obj (Sample Distributions) /MediaBox [0 0 595.276 841.89] (known variance) 119 0 obj endobj Download CA Foundation notes PDF for May 2020. endobj Introduction to Statistics Introduction, examples and deﬁnitions Introduction We begin the module with some basic data analysis. 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. located at the 50th percentile and equals the mean of the data. An inference is a conclusion that /ColorSpace 3 0 R /Pattern 2 0 R /ExtGState 1 0 R 107 0 obj numbers and dividing the sum by the count of numbers. sample variance. (before-after comparisons) 128 0 obj this one good note for statistics students keep it up thank you. 168 0 obj endobj Business Statistics . Discrete data 116 0 obj endobj << /S /GoTo /D (subsection.2.3) >> Some forms of data collection are destructive. A descriptive measure of a sample is called a Statistic. << /S /GoTo /D (subsubsection.6.2.1) >> percentile. endobj Download Business Mathematics Notes, PDF, Books, Syllabus for B COM, BBA 2021.We provide complete business mathematics notes. This cannot be ranked in any meaningful way and thus is an example of a endobj has no numerical meaning. 187 0 obj << 28 0 obj endobj << /S /GoTo /D [185 0 R /Fit] >> endobj 151 0 obj << /S /GoTo /D (subsection.1.3) >> endobj 83 0 obj 135 0 obj (A note of caution) 171 0 obj Introduction: Meaning and Definition of Statistics, Scope of Statistics in Economics, Management, Science and Industry. (Definitions and Concepts) Multimodal- data sets that contain two or more modes. (Bayes) endobj 1.1 Statistics in Business. endobj %PDF-1.5 124 0 obj middle numbers. 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>��/

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