MSM1204 – STATISTICAL METHODS
Unit 1:
- Descriptive Statistics and Correlation
- [Revision:Measures of location: Mean, Median,Mode]
- Percentiles, Quartiles;
- Measures of Variability: Range, Inter-quartile Range, Variance,
- Standard Deviation, Coefficient of Variation,
- Measures of Distribution Shape,
- Relative Location and Detecting Outliers,
- Measures of Association Between Two Variables; Covariance, Correlation
Unit 2:
- Probability Distribution
- [Revision: Probability: Basic probability concepts,
- Methods for assigning probability,
- Events and their probability, addition rule,
- Conditional probability,
- Multiplication rule & Bayes’ theorem (statement only)]
- Random variable, Discrete and continuous random variable,
- Expected value and variance of random variable,
- Probability distribution, Binomial distribution, Poisson distribution,
- Hypergeometric distribution, Uniform distribution, Normal distribution,
- Normal approximation of Binomial, exponential distribution,
- Relationship between Poisson and Exponential distribution
Unit 3:
- Statistical Inference- Sampling methods, sampling distribution,
- Central limit theorem(statement only),
- Point and interval estimation,
- Sampling distribution of sample mean, sampling distribution of sample proportion,
- Hypothesis tests: Null & alternative hypothesis, Type I & II errors,
- Test of hypothesis about population proportion,
- Sampling distribution and test of hypothesis about difference between two population means.
Unit 4:
- Regression- Introduction to Regression,
- Simple linear Regression Model; least Square Method,
- Coefficient of Determination,
- Correlation Coefficient.
Download Reference Books:
1. Statistics for business and economics - Anderson & Sweeney & Williams, 9th edition.
2. Business statistics using Excel - Glyn Davis & Branko Pecar, OXFORD University press (Indian ed).
3. Statistical Methods by S.P. Gupta.
OLD Papers
* April/May 2020 (MCQ Base Online Exam held in 23/09/2020)
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