IST B.COM SYLLABUS - Business Statistics and Mathematics

MANGALORE UNIVERSITY

I B.COM- I Semester C104-
 Business Statistics and Mathematics 
Chapter I: Popular Quantitative Tools used in Business. 10 Hrs 1.1 Averages: Meaning and Importance 1.2 Arithmetic Mean, Median and Mode: Definition, computation by Direct Method, Deviation Method, Step Deviation Method, Combined Arithmetic Mean, Causes for popularity of Arithmetic Mean and Caution in Application. 
 1.3 Geometric Mean: Harmonic mean, Definition, Computation and Application of Arithmetic Mean 
Chapter II: Quantitative Tools for Risk Management: 10 Hrs 2.1 Absolute and Relative Measures of Dispersion of Data. 2.2 Standard Deviation: Definition, computation by Direct Method, Deviation Method and Step Deviation Method. 2.3 Co-efficient of Variation 2.4 Causes for decreasing utility of Standard Deviation and Co-efficient of Variation. 2.5 Variance: Definition, Computation by Direct Method, Deviation method and Step Deviation Methods, Causes for its Popularity. Chapter III: Measurement of Economic Activity: 10 Hrs 
 3.1 Meaning and Definition of Index Number. 3.2 Application of Index Numbers and the caution to be exercised while using Index Number. 3.3 Steps involved in the construction of Index Number. 3.4 Simple Index Number using Arithmetic Mean or Geometric Mean. 3.5 Weighted Indices: Laspeyreís Method, Paascheís Method and Fisherís Method. 3.6 Consumer Price Index: Meaning, Application and Steps in the Construction of Consumer Price Index. 3.7 Aggregate Expenditure Method and Family Budget Method. 
  
 Chapter IV: Evaluation of Business Choices: 10 Hrs 
 4.1 Meaning and Types of Matrices. 
 4.2 Matrix Algebra 
 4.3 Transpose, Minors and Co-factors. 
 4.4 Inverse of a Matrix. 
 4.5 Solving Simultaneous Equations by Matrix Method. Chapter V: Evaluation of Business Choice through Determinants: 
 5.1 Meaning of Determinants and its Properties. 08 Hrs 
 5.2 Evaluation of Determinants 
 5.3 Solving Simultaneous Equations by Cramerís Rule.


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