quantitative aptitude for business management 16 october

www.afterschoool.tk AFTERSCHO☺OL's MATERIAL FOR PGPSE PARTICIPANTS

STATISTICS FOR MANAGEMENT AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS

CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME –

World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship

OPEN FOR ALL FREE FOR ALL


STATISTICS FOR MANAGEMENT

Dr. T.K. Jain.

AFTERSCHO☺OLCentre for social entrepreneurship

Bikaner M: [email protected]

www.afterschool.tk, www.afterschoool.tk

http://www.afterschool.tk/

http://www.afterschoool.tk/


Which index numbers satisfy time reversal test?

• Fisher’s Ideal Index• Marshall Edgeworth method


CPI (consumer price index) is constructed using which index ?

• Laspeyre Method


Factor reversal test is satisfisfied by which index?

• Fisher’s Ideal Index


Time reversal test is satisfisfied by which index?

• Fisher’s Ideal Index


Which mean is best in the index number calculations ?

• Geometric Mean


Shift the from 1999 to 2003

1999 100 752000 112 842001 122 912002 132 992003 133 1002004 142 1062005 150 112


Find Real Income

Year Index Income Real Income

1999 100 2100 21002000 112 2240 20002001 122 2440 20002002 132 2660 20152003 133 2800 21052004 142 3000 21122005 150 4500 3000


Splice the two index using 2003 as base.

Year Index Index New Index1999 100 62.652000 112 70.172001 122 76.442002 133 100 83.332003 120 1002004 130 108.332005 140 116.6


Correlation

• The Correlation analysis tool measures the relationship between two data sets that are scaled to be independent of the unit of measurement. The population correlation calculation returns the covariance of two data sets divided by the product of their standard deviations based on the following formulas.


COVARIANCE • Returns covariance, the average of the products of deviations for each data

point pair. Use covariance to determine the relationship between two data sets. For example, you can examine whether greater income accompanies greater levels of education.

• Syntax• COVAR(array1,array2)• Array1 is the first cell range of integers.• Array2 is the second cell range of integers.• Remarks • The arguments must either be numbers or be names, arrays, or references

that contain numbers. • If an array or reference argument contains text, logical values, or empty

cells, those values are ignored; however, cells with the value zero are included.

• If array1 and array2 have different numbers of data points, COVAR returns the #N/A error value.

• If either array1 or array2 is empty, COVAR returns the #DIV/0! error value.


Sampling

• The Sampling analysis tool creates a sample from a population by treating the input range as a population. When the population is too large to process or chart, you can use a representative sample. You can also create a sample that contains only values from a particular part of a cycle if you believe that the input data is periodic.


T Test • The t-Test analysis tools test the means of different types of

populations.• t-Test: Two-Sample Assuming Equal Variances This analysis

tool performs a two-sample student's t-test. This t-test form assumes that the means of both data sets are equal; it is referred to as a homoscedastic t-test. You can use t-tests to determine whether two sample means are equal.

• t-Test: Two-Sample Assuming Unequal Variances This analysis tool performs a two-sample student's t-test. This t-test form assumes that the variances of both ranges of data are unequal; it is referred to as a heteroscedastic t-test. You can use a t-test to determine whether two sample means are equal. Use this test when the groups under study are distinct. Use a paired test when there is one group before and after a treatment.


Calculate Index numbers:

Commodity Po Qo P1 Q1

A 2 4 4 6

B 3 1 5 5

C 4 6 6 9


ABOUT AFTERSCHO☺OL

Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.


Why such a programme?

• To promote people to take up entrepreneurship and help develop the society

• To enable people to take up franchising and other such options to start a business / social development project

• To enable people to take up social development as their mission

• To enable people to promote spirituality and positive thinking in the world


Who are our supporters?

• Afterschoolians, our past beneficiaries, entrepreneurs and social entrepreneurs are supporting us.

• You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.


About AFTERSCHO☺OL PGPSE – the best programme for developing great

entrepreneurs• Most flexible, adaptive but rigorous programme• Available in distance learning mode• Case study focused- latest cases • Industry oriented practical curriculum• Designed to make you entrepreneurs – not just

an employee• Option to take up part time job – so earn while

you learn • The only absolutely free course on internet


Workshops from AFTERSCHO☺OL

• IIF, Delhi• CIPS, Jaipur• ICSI Hyderabad Branch• Gyan Vihar, Jaipur• Apex Institute of Management, Jaipur• Aravali Institute of Management, Jodhpur• Xavier Institute of Management, Bhubaneshwar • Pacific Institute, Udaipur• Engineering College, Hyderabad


Flexible Specialisations:• Spiritualising business and society• Rural development and transformation• HRD and Education, Social Development• NGO and voluntary work• Investment analysis,microfinance and inclusion • Retail sector, BPO, KPO• Accounting & Information system (with CA / CS /CMA)• Hospital management and Health care• Hospitality sector and culture and heritage• Other sectors of high growth, high technology and social

relevance


Salient features:• The only programme of its kind (in the whole world)• No publicity and low profile course• For those who want to achieve success in life – not just a

degree• Flexible – you may stay for a month and continue the rest of

the education by distance mode. / you may attend weekend classes

• Scholarships for those from poor economic background• Latest and constantly changing curriculum – keeping pace

with the time• Placement for those who are interested• Admissions open throughout the year • Latest and most advanced technologies, books and study

material


Components • Pedagogy curriculum and approach based on IIM Ahmedabad and ISB

Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad)• Meditation, spiritualisation, and self development • Essential softwares for business• Business plan, Research projects• Participation in conferences / seminars• Workshops on leadership, team building etc. • Written submissions of research projects/articles / papers• Interview of entrepreneurs, writing biographies of entrepreneurs• Editing of journals / newsletters• Consultancy / research projects • Assignments, communication skill workshops• Participation in conferences and seminars• Group discussions, mock interviews, self development diaryng • Mind Power Training & writing workshop (by Dr. T.K.Jain)


Pedagogy • Case analysis,• Articles from Harvard Business Review • Quiz, seminars, workshops, games, • Visits to entrepreneurs and industrial visits• Presentations, Latest audio-visuals• Group discussions and group projects• Periodic self assessment• Mentoring and counselling• Study exchange programme (with institutions out of

India)• Rural development / Social welfare projects


Branches

• AFTERSCHO☺OL will shortly open its branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.


Case Studies

• We want to write case studies on social entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.


Basic values at AFTERSCHO☺OL

• Share to learn more• Interact to develop yourself• Fear is your worst enemy• Make mistakes to learn • Study & discuss in a group• Criticism is the healthy route to mutual support

and help • Ask fundamental questions : why, when, how &

where?• Embrace change – and compete with yourself

only


www.afterschoool.tk social entrepreneurship for better

society

http://www.afterschoool.tk/

quantitative aptitude for business management 16 october

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