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Unit 5: Business Statistics and Research Methods - Syllabus


  • Measures of central tendency; 
  • Measures of dispersion; 
  • Measures of skewness; 
  • Correlation and regression of two variables; 
  • Probability: Approaches to probability; Bayes’ theorem; 
  • Probability distributions: Binomial, poisson and normal distributions; 
  • Research: Concept and types; Research designs; 
  • Data: Collection and classification of data; 
  • Sampling and estimation: Concepts; Methods of sampling - probability and non-probability methods; Sampling distribution; Central limit theorem; Standard error; Statistical estimation;
  • Hypothesis testing: z-test; t-test; ANOVA; Chi–square test; Mann-Whitney test (U-test); Kruskal-Wallis test (H-test); Rank correlation test; 
  • Report writing; 

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