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Mathematical & Statistical Techniques-I FYBCOM Semester I

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Mathematical & Statistical Techniques-I


Semester I

MATHEMATICS : (40 Marks)
UNIT – I : Shares and Mutual Funds (15 Lectures)
l Shares : Concept of share, face value, market value, dividend, equity shares, preferential shares, bonus shares. Simple examples.
l Mutual Funds : Simple problems on calculation of Net income after considering entry load, dividend, change in Net Asset Value (N.A.V.) and exit load. Averaging of price under the Systematic Investment Plan (S.I.P.)

Unit – II : Permutation, Combination and Linear
Programming Problems (15 Lectures)
l Permutation and Combination: Factorial Notation, Fundamental principle of counting, Permutation as arrangement, Simple examples, combination as selection, Simple examples, Relation between nCr and nPr Examples on commercial application of permutation and combination.
l Linear Programming Problem: Sketching of graphs of (i) linear equation Ax + By + C = 0 (ii) linear inequalities. Mathematical Formulation of Linear Programming Problems upto 3 variables. Solution of Linear Programming Problems using graphical method up to two variables.

STATISTICS : (60 Marks)
Unit – III : Summarization Measures (15 Lectures)
l Measures of Central Tendencies: Definition of Average, Types of Averages: Arithmetic Mean, Median, and Mode for grouped as well as ungrouped data. Quartiles, Deciles and Percentiles. Using Ogive locate median and Quartiles. Using Histogram locate mode. Combined and Weighted mean.
l Measures of Dispersions: Concept and idea of dispersion. Various measures Range, Quartile Deviation, Mean Deviation, Standard Deviation, Variance, Combined Variance.

Unit – IV : Elementary Probability Theory (15 Lectures)
l Probability Theory: Concept of random experiment/trial and possible outcomes; Sample Space and Discrete Sample Space; Events their types, Algebra of Events, Mutually Exclusive and Exhaustive Events, Complimentary events.
Classical definition of Probability, Addition theorem (without proof), conditional probability.
Independence of Events: P( A Ç B ) = P(A) P(B). Simple examples.
l Random Variable: Probability distribution of a discrete random variable; Expectation and Variance of random variable, simple examples on probability distributions.

Unit – V : Decision Theory (15 Lectures)
Decision making situation, Decision maker, Courses of Action, States of Nature, Pay-off and Pay-off matrix; Decision making under uncertainty, Maximin, Maximax, Minimax regret and Laplace criteria; simple examples to find optimum decision. Formulation of Payoff Matrix. Decision making under Risk, Expected Monetary Value (EMV); Decision Tree; Simple Examples based on EMV. Expected Opportunity Loss (EOL), simple examples based on EOL.

Additional Information

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AUTHORDr. M. N. Welling, Mrs. P. M. Saraph, Dr. (Mrs.) S. M. Diwanji
PUBLISHERManan Prakashan
SUBJECTMathematical & Statistical Techniques-I FYBCOM Semester I


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