As an owner or manager of a business enterprise you need to manage money and take decisions on the basis of accurate estimates which require everyone to know mathematics and statistics. This course is divided into two parts Business Mathematics (Part A) and Statistics (Part B). Part A enables the students to know the financial formulas, fractions; measurements involved in interest calculation, hire rates, salary calculation, tax calculation etc. which help complete business tasks efficiently. Whereas, Part B enables the learners to make various kinds of analysis on the basis of accurate estimates that helps a business to deal with uncertainties by forecasting seasonal, cyclic and general economic fluctuations.
Overview
Syllabus
BCOC-134: Business Mathematics and Statistics
Weeks
e-Content (PDFs/e-Books)
Part-A: Business Mathematics
Week-1: Matrices
Unit-1: Introduction to Matrices
Week-2: Determinants
Unit-2: Determinants
Week-3: Inverse Matrix
Unit-3: Inverse of Matrices
Week-4: Mathematical Functions
Unit-4: Application of Matrices in Business and Economics;
Unit-5: Mathematical Functions
Week-5: Differential calculus
Unit-6: Limit and Continuity
Week-6: Differentiation-1
Unit-7: Concept of Differentiation
Week-7: Differentiation-2
Unit-8: Maxmima and Minimima of Functions;
Unit-9: Application of Derivatives
Week-8: Basic Mathematics of Finance
Unit-10: Interest Rates;
Unit-11: Compounding and Discounting
Part-B: Business Statistics
Week-9: Univariate Analysis-1
Unit-12: Introduction to Statistics;
Unit-13: Measures of Central Tendency
Week-10: Univariate Analysis-2
Unit-14: Measures of Dispersion
Week-11: Bivariate Analysis-1
Unit-15: Simple Linear Correlation
Week-12: Bivariate Analysis-2
Unit-16: Simple Linear Regression
Week-13: Time Based Data Analysis-1
Unit-17: Index Numbers
Week-14: Time Based Data Analysis-2
Unit-18: Time Series Analysis
Taught by
Dr. Anupriya Pandey and Prof. M.S.S Raju
