STATISTICAL APPLICATION

STATISTICAL APPLICATION
AREA OF STUDY:
BAC 114

Year: 1
Semester: 2

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* Continuous
** Duration: 3 hours

Unit 1: Introduction L. H. 3
Origin, Meaning, Definitions, Uses, Functions, Scope and Limitation of Statistics. Types and Sources of Data: Methods of collection primary and secondary data, precautions in the use of secondary data, problems of data collection.
Unit 2: Classifications and Presentation of Data L. H. 4
Need, Meaning, Objectives and Types of classification; construction of frequency distribution. Presentation of data: Tabular, Diagrammatic and Graphic Presentation.
Unit 3: Measures of Central Tendency and Dispersion L. H. 10
Introduction, Types of Averages and their computations: Mean, Median, Mode, Weighted Average, Geometric mean, Harmonic mean, Criteria for good measure of central tendency, General limitations of an average. Measures of Dispersion: Concept, Types, Absolute and Relative measures, Range, Quartile deviation, Mean deviation, Standard deviation, Coefficient of variation.
Unit 4: Measures of Skewness, Kurtosis and Moments L. H. 5
Meaning, Objectives and measurement of Skewness-Karl Person's, Bowley's and Kelly's. Kurtosis and its measurement, Moments and its measurement.
Unit 5: Correlation and Regression L. H. 6
Introduction, Types of Correlation, Methods of Studying Correlation-Scatter Diagram, Karl Pearson's Correlation including bi-variate frequency distribution, Probable error. Interpretation of results, rank correlation. Regression equations, Properties and its coefficient.
Unit 6: Index Numbers L. H. 8
Introduction, Uses of Index Numbers, Problems in the Construction of Index Number, Type of Index Number. Methods of constructing Index Number: Unweighted index Number, Weighted Index Numbers, Weighted Aggregative Index Numbers (Laspeyres, Passches and Fishers Ideal Methods). Weighted Average of Relatives. Test of consistency: time reversal and factor reversal, Cost of living index numbers, Method of constructing cost of living index numbers.
Unit 7: Time series analysis L. H. 8
Meaning, Utility and Component of a Time Series, Measurement of Trend: Graphic Method, Semi-Average Method. Moving Average Method, Least Square Method; Measurement of Seasonal Variation: Method of Simple Average (monthly, quarterly), Ratio to Moving Average Method.
Unit 8: Sampling L. H. 6
Introduction, Basic Terminologies used in Probability, Approaches to Probability: Classical, Relative Frequency and Subjective Approach, Permutation and Combination, Addition and Multiplication of Probability for two events, Conditional Probability, and Bayes Theorem.
Suggested Readings:
1. Elhance, D. N., Veena Elhance and B. M. Agrawal; Functions of Statistics; Kitab Mahal, Allahabad.
2. Bajracharya, B. C., Basic Statistics, MK Publishers Kathmandu.
3. Pant, G. D. and A. K. Chaudhary, Business Statistics & Mathematics
4. Shrestha, Sunity and S. Amatya, Business Statistics.