Students will learn basic mathematical and statistical concepts. This foundation will help them in understanding analytical procedures used in Data /Business Analytics.
Matrices and Determinants: Definition of a Matrix, Addition & Subtraction of Matrices Multiplication of Matrices, Transpose of a Matrix, Determinants, Determinants of order one and more, Properties of Determinants, Multiplication of two Determinants, Minors and Cofactors System of linear equations, Inverse of a Matrix, Cramer's rule for solution of linear equations, Adjoint of a Matrix, Rank of a Matrix.
Statistics: Introduction to Statistics, Scale of Measurement, Nominal, Ordinal, Interval & Ratio. Frequency Distribution, Histogram, Frequency Polygon, Ogive, Measure of Central Tendency: Mean, Median & Mode, Properties, Advantages and Disadvantages. Measure of Dispersion: Range, Interquartile Range, Standard Deviation, Quartiles, Deciles, Percentiles.
Probability : Introduction to Probability, Types of probability , Experiment, Sample Space Random Experiment, Event, Conditional Probability, General Rule of Addition (without proof), General Rule of Multiplication (without proof), Concept of Baye's Theorem.
Probability Distribution
Discrete Probability Distributions: Binomial, Poisson, Continuous Probability Distribution, Normal Distribution, Central Limit Theorem & t-distribution,.
Statistical Inference and Hypothesis Testing
Population and Sample, Null and Alternate Hypothesis, Level of Significance, Type I and Type II Errors, Confidence Intervals, Sampling Distribution : application of t test(single mean independent two mean, paired) , Chi Square Test (goodness of fit, independence of attributes) , F test. large sample test : One Sample Proportion Test, Two Sample Proportion Tests, Analysis of Variance.
Correlation and Regression (Theoretical Concepts and Inferences)
Analysis of Relationship, Positive and Negative Correlation, Perfect Correlation, Correlation Matrix, Scatter Plots, Simple Linear Regression, R Square, Adjusted R Square, Testing of Slope, Standard Error of Estimate, Assumptions of Linear Regression, Multiple Regression, Coefficients of Partial Determination, Durbin Watson Statistics, Variance Inflation Factor.
Sancheti Kapoor, S Chand , “Business Mathematics “
Zameeruddin, Khanna & Bhambri, “Business Mathematics “,Vikas Publishing
Mittal, Satyaprasad & Rao, “Mathematics and Statistics for Management”, Himalaya Publication
Naval Bajpai ,”Business Statistics” Pearson Publications
Ken Black ,”Business Statistics”, Wiley