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Contents: 1. Statistics: an overview. 2. Data classification, tabulation and presentation. 3. Measures of central tendency. 4. Measures of dispersion. 5. Skewness, moments and kurtosis. 6. Fundamentals of probability. 7. Probability distributions. 8. Sampling and sampling distributions. 9. Estimation and confidence intervals. 10. Hypothesis testing. 11. Chi-square and other non-parametric tests. 12. Analysis of variance. 13. Correlation analysis. 14. Regression analysis. 15. Partial and multiple correlation and regression analysis. 16. Forecasting and time series analysis. 17. Index numbers. 18. Statistical quality control. 19. Statistical decision theory. Appendices. Index.The fifth edition of the book Business Statistics will provide readers an understanding of problem-solving methods, and analysis, thus enabling readers to develop the required skills and apply statistical techniques to decision-making problems. A large number of new business-oriented solved as well as practice problems have been added, thus creating a bank of problems that give a better representation of the various business statistics techniques. This book meets the specific and complete requirements of students pursuing MBA/PGDBM, B.Com., M.Com., MA(Eco), CA, ICWA, BBA, BIS/BIT/BCA, etc., courses, who need to understand the basic concepts of business statistics and apply results directly to real-life business problems. The book also suits the requirements of students who need practical knowledge of the subject, as well as for those preparing for competitive examinations.