Concept of function - variables and constants - Linear function - examples, quadratic function - examples, Break even analysis - simple problems.
Arithmetic Progression: Formula for nth term - Sum to n terms - properties of A.P - Arithmetic mean - simple problems only. Geometric Progression: Formula for nth term - Sum to n terms - Sum to infinity - Geometric mean - simple problems.
Meaning and definition of statistics - Collection of data - primary and secondary data - Classification and tabulation - Diagrammatic representation: types of diagrams - Bar diagram and Pie diagram Graphical representation of Frequency Distribution - Histogram, Frequency Polygon and Ogive curve.
Measures of Central Tendency: Mean, Median, Mode, weighted average - simple problems (direct method). Measures of Dispersion: Range - Mean Deviation - Standard Deviation - Co-efficient of Variation (direct method).
Correlation: Meaning - types of correlation - Scatter diagram - Karl Pearson’s Coefficient of Correlation - Spearman Rank Correlation .Regression: Meaning - Regression equations - Regression equations of X on Y and Y on X Regression coefficients - difference between correlation and regression.
Reference Book:
1. Introduction to Business Mathematics by Sundersan and Jayaseelan, Sultan chand Co &Ltd, New Delhi, 1998. 2. Business Mathematics Sanchetti D.C and Kapoor V.K, Sultan chand Co &Ltd, New Delhi, 2007 Reprint 11th edition
Text Book:
1. Business Mathematics and Statistics by P.R. Vittal, Margham Publications – Reprint – 2006 (For Units I and II). 2. Business Mathematics and Statistics by Navnitham P.A, Jai Publishers Trichy -21 (For Units III and IV, V)
