Description

Business Statistics

Basic statistical concepts and terminology involved in sampling methods, normal distribution, statistical inference. etc. will be understood by the students in the book of business statistics.

The course focuses on how to interpret and solve business-related world problems and to develop simple statistical models from a business perspective.

Components

To create a better understanding of statistical concepts of business statistics in solving business and commerce related problems, the course serves a good foundation for further study in management, accounting, marketing, and finance.

Topics like Sampling methods, Normal distribution, Large sample tests, Small sample tests and Nonparametric tests help the students to improve their application skill of the subject Business statistics.

Objective

We have tried to discuss the said topics in a simple language. Review exercises at the end of each chapter and multiple-choice questions along with answers.We hope this would help the students in their preparations for examinations.

Suggestions and feedback from the teaching fraternity and the students are earnestly solicited and will be highly appreciated to improve further the quality of this book.