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Mathematics – II (Numerical and Statistical Methods)

What is the importance of statistics in the domain of management?

Questions

Lessons

What is the importance of statistics in the domain of management?
Explain the branches of statistics.
How is data collected for statistical studies?
Discuss the Graphical Methods of Presenting Statistical Data.
Give an insight into the different approaches to Probability Theory.
Explain the fundamental rules of probability.
What is a Random Variable? How is it characterized?
What is a Probability Distribution? What are the different types of probability distributions?
Give some examples illustrating the applications of probability theory in business.

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