Matrices-arithmetical operations involving matrix Determinants inverse of a matrix. Solving simultaneous equations using matrix. Introduction to calculus –introduction to differentiation and integration application in business
Module II
Presentation of data -graphs and charts-frequency distribution Descriptive statistics Measures of central tendency -Measures of dispersion Measures of dispersion-Measures of position
Module III
Basic probability concepts-Marginal, joint and conditional probability-Addition and
Multiplication theorem and its Business applications
Module lV
Probability distributions-Binomial Poisson, Normal, Exponential distributions Business applications of the above. Concept of Sampling and sampling distributions
Module V
Correlation and Regression analysis.
Correlation- Different types of correlation- Coefficient of correlation -Karl Pearson’s correlation coefficient-Spearman’s rank correlation coefficient- Concurrent deviation method-Coefficient of Determination Regression analysis, Line of best fit, Least square method. Business application. Time series analysis –Different components of time series-simple problems only.
