Statistics

Mastering Probability and Statistics: A Guide for MBA Students

Leave a Comment / Assignments, Business Statistics, Decision Science, Distance MBA, MBA, NMIMS, nmims assignment solved answers, NMIMS Assignments, Quantitative Technics, Statistics, Statistics for Decision Making, Statistics for Economics / By /

  In the fast-paced world of business and management, making sound decisions amidst uncertainty is critical. Whether you’re analyzing market trends, forecasting revenues, or optimizing supply chains, probability and statistics are the ultimate tools in your arsenal. In this blog, we delve into key concepts that will sharpen your analytical thinking and empower you to …

Mastering Probability and Statistics: A Guide for MBA Students Read More »

Estimation & Test of Significance

Leave a Comment / Business Statistics, Statistics, Statistics for Decision Making, Statistics for Economics / By /

In today’s data-driven world, statistical inference is a fundamental tool for businesses, researchers, and analysts. It allows us to make informed decisions about an entire population by analyzing only a sample of data. Whether you’re predicting market trends, measuring customer satisfaction, or evaluating business performance, statistical inference plays a crucial role. This guide will explore …

Estimation & Test of Significance Read More »

Least Square Method

Leave a Comment / Business Statistics, Statistics, Statistics for Decision Making, Statistics for Economics / By /

What is Least Square Method? The Least Square Method (LSM) is a statistical technique used to find the best-fitting curve or line for a set of data points by minimizing the sum of the squares of the differences (residuals) between the observed values and the values predicted by the model. It is widely used in …

Least Square Method Read More »

Quantitative Analysis for Managerial Decision-Making – Q&A and Practice Solutions

Leave a Comment / Business Statistics, Quantitative Technics, Statistics, Statistics for Decision Making, Statistics for Economics / By /

Describe briefly the questionnaire method of collecting primary data. State the essentials of a good questionnaire. Introduction The questionnaire method is one of the most effective and widely used techniques for collecting primary data in research. It involves asking a set of predefined questions to respondents, who provide their answers either in written or electronic …

Quantitative Analysis for Managerial Decision-Making – Q&A and Practice Solutions Read More »

Probability Solved Sums

Leave a Comment / B.Com, BBA & BCOM, Business Statistics, CBSE Class 11-12, Distance MBA, MBA, MBA MCQ, MCQ BBA & B.Com, Quantitative Technics, Statistics, Statistics for Decision Making, Statistics for Economics, Study Material / By /

There are 15 boys and 10 girls in the class. If three students are selected at random, what is the probability that 1 girl and 2 boys are selected? A. 1/40 B. 1/ 2 C. 21/46 D. 7/ 41 E. None of these The correct option is: C Solution: Total number of ways of selecting …

Probability Solved Sums Read More »

Statistics for Business Decisions 2022

Leave a Comment / BBA & BCOM, Business Statistics, Calcutta University, Decision Science, Distance MBA, MBA, MBA MCQ, MCQ BBA & B.Com, Question Paper, Statistics, Statistics for Decision Making, Statistics for Economics, Study Material / By /

2022BUSINESS ADMINISTRATION- HONOURS : CALCUTTA UNIVERSITY Paper BBA-A202-C-3(Statistics for Business Decisions)Full Marks : 80 The mean, median, and standard deviation of a distribution are 45, 42, and 18 respectively, to find the skewness of the distribution. The formula for Pearson’s coefficient of skewness, which is a measure of the asymmetry of a distribution. A positive skew …

Statistics for Business Decisions 2022 Read More »

INTRODUCTION TO STATISTICS

Leave a Comment / B.Com, BBA & BCOM, Business Statistics, Hospital Management, MBA, MCom, Retail Management, Statistics, Statistics for Decision Making, Statistics for Economics, Study Material / By /

My blog contains study material on the subject business statistics. The study material is written and compiled from various books for the benefits of management students. BBA & MBA students from any universities can refer the material for making notes and examination preparation.

Methods of measurement of correlation

Leave a Comment / BBA & BCOM, MBA, Statistics / By /

Methods of measurement of correlation:  Quantification of the relationship between variables is very essential to take the benefit of study of correlation. For this, we find there are various methods of measurement of correlation, which can be represented as given below: Among these methods we will discuss only the following methods: Scatter Diagram Karl Pearson’s …

Methods of measurement of correlation Read More »

Correlation Study material

Leave a Comment / B.Com, BBA & BCOM, Entrance exam, MCQ BBA & B.Com, Quantitative Technics, Statistics / By /

Meaning: Correlation is a statistical technique to ascertain the association or relationship between two or more variables. Correlation analysis is a statistical technique to study the degree and direction of relationship between two or more variables. A correlation coefficient is a statistical measure of the degree to which changes to the value of one variable …

Correlation Study material Read More »