## Business StatisticsThis Book Has Been Written In Such A Way That The Study Of Statistics Is Made Interesting And It Has Been Oriented Towards Application Of Statistical Techniques To A Variety Of Real Life Problems. Most Of The Existing Books Discuss Application Of Statistical Techniques To Problems Such As Height And Weight, Ages Of Husband And Wife, Etc. There Is Hardly Any Book Which Is Contextually Relevant For Teaching Statistics At The Undergraduate Level. An Attempt Has Been Made In This Book To Bridge This Gap.Authors Have Introduced Varied Real Life Examples By Including A Large Number Of Solved Examples To Illustrate How Statistical Techniques Can Actually Be Applied To A Wide Variety Of Real Life Problems. Many Illustrations Have Been Drawn From Various University Examinations Also. In Addition, To Provide An Opportunity Of Students To Gain More Skills To Apply The Concepts, Large Number Of Problems Have Been Included At The End Of Each Chapter. The Book Contains Fifteen Chapters And The Concepts Have Been Discussed In A Simple Language. The Book Is Meant For Undergraduate Students Of All Indian Universities. It Will Also Serve As A Text For The Professional Examinations, Including Ca And Costing. |

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### Contents

Introduction 1 | 1 |

Collection of Business Data 819 | 8 |

Presentation and Analysis of Statistical Data 2071 | 20 |

Measures of Central Tendency and Location 72143 | 72 |

Measures of Dispersion 144181 | 144 |

Skevmess Kurtosis and Moments 182201 | 182 |

Interpolation and Extrapolation 202225 | 202 |

Correlation Analysis 226280 | 226 |

Random Variables and Probability Distributions 369414 | 369 |

Exponential and Uniform Distributions | 389 |

Sampling and Sampling Schemes 415443 | 415 |

Time Series Analysis 444504 | 444 |

Index Numbers 505542 | 505 |

Sources of Indian Statistics 543586 | 543 |

Statistical Tables 587616 | 587 |

Cumulative Poisson Probabilities | 596 |

### Common terms and phrases

agricultural analysis arithmetic mean base basis binomial binomial distribution Calculate census class interval classification cluster sampling coefficient of correlation coefficient of skewness coefficient of variation collected commodities compiled component Computations consumer correlation coefficient cost Cumulative frequency curve cyclical defective denoted determine elementary units error estimate event example expenditure firm formula frequency distribution geometric mean given in Table graph harmonic mean Hence histogram Illustration index number India indices industries lakhs least squares linear measure median method mode monthly moving average national income normal distribution observations obtained ogive outcomes percent percentage period poisson distribution population probability distribution probability of drawing production quantity Quarter quartile random sample random variable rank correlation regression equation relationship represents seasonal index selected simple random sampling Solution standard deviation straight line survey tion total number trend line trend values variance wages weight workers