SlideShare a Scribd company logo
1 of 18
PROGRAMME B.COM
SUBJECT
QUANTITATIVE TECHNIQUE
– I
SEMESTER III
UNIVERSITY VIJAYANAGAR SRI
KRISHNADEVARAYA
UNIVERSITY,
BALLARI
SESSION 02
AKKI MARUTHI
ASSISTANT PROFESSOR OF COMMERCE
SKNG,GFGC,GANGAVATHI, KOPPAL
akkimaruthi@gmail.com
RECAP
• Origin and Growth of Statistics
• Meaning of Statistics in Simple Words
• Definition of Statistics with Statistician Profile
Picture
Learning Objectives
• After going through this chapter the students will
be able to have a broad overview of the subject of
statistics and application thereof,Know about data
Collection Technique including the distinction of
Primary and Secondary data.
Learning Outcomes
• The students Can be able to understand overview
of the subject of statistics and application and
Know about data Collection Technique.
Session -2
• STATISTICS AS DATA (In Plural Sense)
• STATISTICS AS METHODS (In Singular Sense)
STATISTICS AS DATA (In Plural Sense)
STATISTICS AS METHODS (In Singular Sense)
The term ‘Statistics’ has been defined in two senses, i.e. in
Singular and in Plural sense.
• “Statistics has two meanings, as in plural sense and in
singular sense”.
• —Oxford Dictionary
In plural sense, it means a systematic collection of
numerical facts and in singular sense; it is the science of
collecting, classifying and using statistics
A. In the Plural Sense:
“Statistics are numerical statements of facts in any
department of enquiry placed in relation to each other.” —
A.L. Bowley
Cont.,
• “The classified facts respecting the condition of the
people in a state—especially those facts which can be
stated in numbers or in tables of numbers or in any
tabular or classified arrangement.” —Webster
• These definitions given above give a narrow meaning to
the statistics as they do not indicate its various aspects as
are witnessed in its practical applications. From the this
point of view the definition given by Prof. Horace Sacrist
appears to be the most comprehensive and meaningful:
• “By statistics we mean aggregates of facts affected to a
marked extent by multiplicity of causes, numerically
expressed, enumerated or estimated according to
reasonable standard of accuracy, collected in a systematic
manner for a predetermined purpose, and placed in
relation to each other.”—Horace Sacrist
Cont.,
B. In the Singular Sense:
• “Statistics refers to the body of technique or methodology,
which has been developed for the collection, presentation
and analysis of quantitative data and for the use of such
data in decision making.” —Ncttor and Washerman
• “Statistics may rightly be called the science of averages.”
—Bowleg
• “Statistics may be defined as the collection, presentation,
analysis, and interpretation of numerical data.” —Croxton
and Cowden
Cont.,
Stages of Investigations:
1. Collection of Data
It is the first stage of investigation and is regarding
collection of data. It is determined that which method of
collection is needed in this problem and then data are
collected
2. Organization of Data:
It is second stage. The data are simplified and made
comparative and are classified according to time and place.
3. Presentation of Data:
In this third stage, organized data are made simple and
attractive. These are presented in the form of tables
diagrams and graphs.
Cont.,
4. Analysis of Data:
Forth stage of investigation is analysis. To get correct results, analysis
is necessary. It is often undertaken using Measures of central
tendencies, Measures of dispersion, correlation, regression and
interpolation etc.
5. Interpretation of Data:
In this last stage, conclusions are enacted. Use of comparisons is
made. On this basis, forecasting is made.
Some Modern Definitions:
• “Statistics is a body of methods for making wise decisions on
the face of uncertainty.” —Wallis and Roberts
• “Statistics is a body of methods for obtaining and analyzing
numerical data in order to make better decisions in an
uncertain world.” —Edward N. Dubois
• So, from above definitions we find that science of statistics
also includes the methods of collecting, organizing, presenting,
analyzing and interpreting numerical facts and decisions are
taken on their basis.
• The most proper definition of statistics can be given as
following after analyzing the various definitions of statistics.
• “Statistics in the plural sense are numerical statements of facts
capable of some meaningful analysis and interpretation, and in
singular sense, it relates to the collection, classification,
presentation and interpretation of numerical data.”
SUMMARY
• Meaning of STATISTICS AS DATA (In Plural Sense)
• Meaning of STATISTICS AS METHODS (In Singular
Sense)
• Distinction between STATISTICS AS DATA &
STATISTICS AS METHODS
• Some Modern Definitions on Statistics
MCQs
1.Statistics is defined in terms of Numerical data in the
A) Singular Sense
B) Plural Sense
C) Both A & B
D) None of the above
Answer: B
2. Statistics Concerned with
A) Qualitative information
B) Quantitative information
C) A or B
D) Both A and B
Answer: D
MCQs
3. Statistics is Applied in
A) Economics
B) Business management
C) Commerce and industry
D) All these
Answer: D
4. An attribute is
A) A Qualitative features
B) A Quantitative features
C) Both above
D) None of These
Answer: A
Statistics MCQs
5. “Statistics are numerical statements of facts in any
department of enquiry placed in relation to each
other.” —A.L. Bowley
A) A.L. Bowley
B) Wallis and Roberts
C) Bowleg
D) Oxford Dictionary
Answer: A
REFERENCES
• STATISTICAL METHODS BY S.P GUPTA SULTAN CHAND
PUBLICATIONS
• FUNDAMENTALS OF STATISTICS BY S.C.GUPTA SULTAN CHAND
PUBLICATIONS
• BUSINESS STATISTICS BY PILLAI AND BHAGAWATHI SULTAN
CHAND PUBLICATIONS
THANK YOU

More Related Content

What's hot (6)

Statistical lechure
Statistical lechureStatistical lechure
Statistical lechure
 
Quantitative ppt
Quantitative pptQuantitative ppt
Quantitative ppt
 
Data analysis
Data analysisData analysis
Data analysis
 
Research methodology Assignment
Research methodology Assignment Research methodology Assignment
Research methodology Assignment
 
Inferential statistics
Inferential statisticsInferential statistics
Inferential statistics
 
Qualitiative data analysis: data triangulation
Qualitiative data analysis: data triangulationQualitiative data analysis: data triangulation
Qualitiative data analysis: data triangulation
 

Similar to INTRODUCTION TO STATISTICS

Probability and statistics
Probability and statisticsProbability and statistics
Probability and statistics
Cyrus S. Koroma
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
akbhanj
 
Stastistics in Physical Education - SMK.pptx
Stastistics in Physical Education - SMK.pptxStastistics in Physical Education - SMK.pptx
Stastistics in Physical Education - SMK.pptx
shatrunjaykote
 
Chapter 6.pptx Data Analysis and processing
Chapter 6.pptx Data Analysis and processingChapter 6.pptx Data Analysis and processing
Chapter 6.pptx Data Analysis and processing
etebarkhmichale
 

Similar to INTRODUCTION TO STATISTICS (20)

BBA 2ND SEM STATISTIC.pdf
BBA 2ND SEM STATISTIC.pdfBBA 2ND SEM STATISTIC.pdf
BBA 2ND SEM STATISTIC.pdf
 
Chapter 7 Knowing Our Data
Chapter 7 Knowing Our DataChapter 7 Knowing Our Data
Chapter 7 Knowing Our Data
 
Statistics Reference Book
Statistics Reference BookStatistics Reference Book
Statistics Reference Book
 
Probability and statistics
Probability and statisticsProbability and statistics
Probability and statistics
 
introduction to statistics
introduction to statisticsintroduction to statistics
introduction to statistics
 
Statistics.pptx
Statistics.pptxStatistics.pptx
Statistics.pptx
 
Thiyagu statistics
Thiyagu   statisticsThiyagu   statistics
Thiyagu statistics
 
Statistics.pptx
Statistics.pptxStatistics.pptx
Statistics.pptx
 
Introduction to statistics
Introduction to statisticsIntroduction to statistics
Introduction to statistics
 
CHAPONE edited Stat.pptx
CHAPONE edited Stat.pptxCHAPONE edited Stat.pptx
CHAPONE edited Stat.pptx
 
Lecture notes on STS 102
Lecture notes on STS 102Lecture notes on STS 102
Lecture notes on STS 102
 
Characteristic of a Quantitative Research PPT.pptx
Characteristic of a Quantitative Research PPT.pptxCharacteristic of a Quantitative Research PPT.pptx
Characteristic of a Quantitative Research PPT.pptx
 
1.1.pptx
1.1.pptx1.1.pptx
1.1.pptx
 
Stastistics in Physical Education - SMK.pptx
Stastistics in Physical Education - SMK.pptxStastistics in Physical Education - SMK.pptx
Stastistics in Physical Education - SMK.pptx
 
An Overview Of Data Analysis And Interpretations In Research
An Overview Of Data Analysis And Interpretations In ResearchAn Overview Of Data Analysis And Interpretations In Research
An Overview Of Data Analysis And Interpretations In Research
 
Data processing.pdf
Data processing.pdfData processing.pdf
Data processing.pdf
 
Chapter 6.pptx Data Analysis and processing
Chapter 6.pptx Data Analysis and processingChapter 6.pptx Data Analysis and processing
Chapter 6.pptx Data Analysis and processing
 
ANALYSIS OF DATA (2).pptx
ANALYSIS OF DATA (2).pptxANALYSIS OF DATA (2).pptx
ANALYSIS OF DATA (2).pptx
 
S4 pn
S4 pnS4 pn
S4 pn
 
INTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICSINTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICS
 

More from AkkiMaruthi

More from AkkiMaruthi (18)

Financial Management-3
Financial Management-3Financial Management-3
Financial Management-3
 
Classification of Data
Classification of DataClassification of Data
Classification of Data
 
Financial Management-2
Financial Management-2Financial Management-2
Financial Management-2
 
Corporate Social Accounting-2
Corporate Social Accounting-2Corporate Social Accounting-2
Corporate Social Accounting-2
 
Human Resource Accounting-1
Human Resource Accounting-1Human Resource Accounting-1
Human Resource Accounting-1
 
Corporate Social Accounting-1
Corporate Social Accounting-1Corporate Social Accounting-1
Corporate Social Accounting-1
 
Environmental accounting
Environmental accountingEnvironmental accounting
Environmental accounting
 
Cost Audit-1
Cost Audit-1Cost Audit-1
Cost Audit-1
 
Cost Audit-2
Cost Audit-2Cost Audit-2
Cost Audit-2
 
Accounting for Intangibles
Accounting for IntangiblesAccounting for Intangibles
Accounting for Intangibles
 
Creative Accounting
Creative AccountingCreative Accounting
Creative Accounting
 
Brand Accounting
Brand AccountingBrand Accounting
Brand Accounting
 
Creative Accounting
Creative AccountingCreative Accounting
Creative Accounting
 
MUTUAL FUNDS
MUTUAL FUNDSMUTUAL FUNDS
MUTUAL FUNDS
 
INTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICSINTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICS
 
INTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICSINTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICS
 
INTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICSINTRODUCTION TO STATISTICS
INTRODUCTION TO STATISTICS
 
RATIO ANALYSIS
RATIO ANALYSISRATIO ANALYSIS
RATIO ANALYSIS
 

Recently uploaded

Recently uploaded (20)

Interdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptxInterdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptx
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Wellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptxWellbeing inclusion and digital dystopias.pptx
Wellbeing inclusion and digital dystopias.pptx
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
Unit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptxUnit-V; Pricing (Pharma Marketing Management).pptx
Unit-V; Pricing (Pharma Marketing Management).pptx
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 

INTRODUCTION TO STATISTICS

  • 1. PROGRAMME B.COM SUBJECT QUANTITATIVE TECHNIQUE – I SEMESTER III UNIVERSITY VIJAYANAGAR SRI KRISHNADEVARAYA UNIVERSITY, BALLARI SESSION 02
  • 2. AKKI MARUTHI ASSISTANT PROFESSOR OF COMMERCE SKNG,GFGC,GANGAVATHI, KOPPAL akkimaruthi@gmail.com
  • 3. RECAP • Origin and Growth of Statistics • Meaning of Statistics in Simple Words • Definition of Statistics with Statistician Profile Picture
  • 4. Learning Objectives • After going through this chapter the students will be able to have a broad overview of the subject of statistics and application thereof,Know about data Collection Technique including the distinction of Primary and Secondary data.
  • 5. Learning Outcomes • The students Can be able to understand overview of the subject of statistics and application and Know about data Collection Technique.
  • 6. Session -2 • STATISTICS AS DATA (In Plural Sense) • STATISTICS AS METHODS (In Singular Sense)
  • 7. STATISTICS AS DATA (In Plural Sense) STATISTICS AS METHODS (In Singular Sense) The term ‘Statistics’ has been defined in two senses, i.e. in Singular and in Plural sense. • “Statistics has two meanings, as in plural sense and in singular sense”. • —Oxford Dictionary In plural sense, it means a systematic collection of numerical facts and in singular sense; it is the science of collecting, classifying and using statistics A. In the Plural Sense: “Statistics are numerical statements of facts in any department of enquiry placed in relation to each other.” — A.L. Bowley
  • 8. Cont., • “The classified facts respecting the condition of the people in a state—especially those facts which can be stated in numbers or in tables of numbers or in any tabular or classified arrangement.” —Webster • These definitions given above give a narrow meaning to the statistics as they do not indicate its various aspects as are witnessed in its practical applications. From the this point of view the definition given by Prof. Horace Sacrist appears to be the most comprehensive and meaningful: • “By statistics we mean aggregates of facts affected to a marked extent by multiplicity of causes, numerically expressed, enumerated or estimated according to reasonable standard of accuracy, collected in a systematic manner for a predetermined purpose, and placed in relation to each other.”—Horace Sacrist
  • 9. Cont., B. In the Singular Sense: • “Statistics refers to the body of technique or methodology, which has been developed for the collection, presentation and analysis of quantitative data and for the use of such data in decision making.” —Ncttor and Washerman • “Statistics may rightly be called the science of averages.” —Bowleg • “Statistics may be defined as the collection, presentation, analysis, and interpretation of numerical data.” —Croxton and Cowden
  • 10. Cont., Stages of Investigations: 1. Collection of Data It is the first stage of investigation and is regarding collection of data. It is determined that which method of collection is needed in this problem and then data are collected 2. Organization of Data: It is second stage. The data are simplified and made comparative and are classified according to time and place. 3. Presentation of Data: In this third stage, organized data are made simple and attractive. These are presented in the form of tables diagrams and graphs.
  • 11. Cont., 4. Analysis of Data: Forth stage of investigation is analysis. To get correct results, analysis is necessary. It is often undertaken using Measures of central tendencies, Measures of dispersion, correlation, regression and interpolation etc. 5. Interpretation of Data: In this last stage, conclusions are enacted. Use of comparisons is made. On this basis, forecasting is made.
  • 12. Some Modern Definitions: • “Statistics is a body of methods for making wise decisions on the face of uncertainty.” —Wallis and Roberts • “Statistics is a body of methods for obtaining and analyzing numerical data in order to make better decisions in an uncertain world.” —Edward N. Dubois • So, from above definitions we find that science of statistics also includes the methods of collecting, organizing, presenting, analyzing and interpreting numerical facts and decisions are taken on their basis. • The most proper definition of statistics can be given as following after analyzing the various definitions of statistics. • “Statistics in the plural sense are numerical statements of facts capable of some meaningful analysis and interpretation, and in singular sense, it relates to the collection, classification, presentation and interpretation of numerical data.”
  • 13. SUMMARY • Meaning of STATISTICS AS DATA (In Plural Sense) • Meaning of STATISTICS AS METHODS (In Singular Sense) • Distinction between STATISTICS AS DATA & STATISTICS AS METHODS • Some Modern Definitions on Statistics
  • 14. MCQs 1.Statistics is defined in terms of Numerical data in the A) Singular Sense B) Plural Sense C) Both A & B D) None of the above Answer: B 2. Statistics Concerned with A) Qualitative information B) Quantitative information C) A or B D) Both A and B Answer: D
  • 15. MCQs 3. Statistics is Applied in A) Economics B) Business management C) Commerce and industry D) All these Answer: D 4. An attribute is A) A Qualitative features B) A Quantitative features C) Both above D) None of These Answer: A
  • 16. Statistics MCQs 5. “Statistics are numerical statements of facts in any department of enquiry placed in relation to each other.” —A.L. Bowley A) A.L. Bowley B) Wallis and Roberts C) Bowleg D) Oxford Dictionary Answer: A
  • 17. REFERENCES • STATISTICAL METHODS BY S.P GUPTA SULTAN CHAND PUBLICATIONS • FUNDAMENTALS OF STATISTICS BY S.C.GUPTA SULTAN CHAND PUBLICATIONS • BUSINESS STATISTICS BY PILLAI AND BHAGAWATHI SULTAN CHAND PUBLICATIONS