Enclosure to Item No. 4.

63
A.C.25/05/2011

UNIVERSITY OF MUMBAI

Syllabus for the F.Y.B.Com.

Program : B.Com
Course : Mathematical & Statistical
Techniques

(CreditBasedSemesterandGradingSystemwith
effectfromtheacademicyear2011 2012)

1.SyllabusasperCreditBasedSemesterandGradingSystem.

i. Name of the Programme - B.Com

ii. CourseCode *****

iii. Course Title - Mathematical & Statistical

Techniques

iv. Semester wise Course Contents - As per Syllabus

v. Referencesandadditionalreferences As per Syllabus

vi. Credit structure - Semester wise

vii. No. of lectures per Unit - 15

viii. No. of lectures per week / semester - 3 L & 3 L for Practicals

per paper

2. SchemeofExamination AsperUniversityNorms

3. Specialnotes,ifany AsperUniversityNorms

4. Eligibility,ifany AsperUniversityNorms

5. FreeStructure AsperUniversityNorms

6. SpecialOrdinances/Resolutions,ifany

 MATHEMATICALANDSTATISTICALTECHNIQUES

WORKLOAD:MATHEMATICS:2lecturesperweek

STATISTICS:3lecturesperweek

TUTORIAL:1perweek

Tutorialbatchsize:25Students

SemesterI

Course:UBCOMFSI.6

MathematicalandStatisticalTechniques I
MATHEMATICS:(24marks)

UnitI

Commission,Brokerage,DiscountandPartnership:

CommissionandBrokerage:Simpleexamplesoncalculationofcommissionand
brokerage.

Discounts:Tradediscount,Cashdiscount.Profitandloss.Sharingofprofitin
Partnership.

Problemsinvolvingmixtureofdiscount,commissionandprofitareexpected.

UnitII

SharesandMutualFunds:

Conceptofshare,facevalue,marketvalue,dividend,equityshares,preferentialshares,
bonusshares.Simpleexamples.

MutualFunds:SimpleproblemsoncalculationofNetincomeafterconsideringentry
load,dividend,changeinNetAssetValue(N.A.V.)andexitload.Averagingofpriceunder
theSystematicInvestmentPlan(S.I.P.)

LinearProgrammingProblems:

Sketchingofgraphsof(i)linearequationAx+By+C=0(ii)linearinequalities.

MathematicalFormulationofLinearProgrammingProblemsupto3variables.Solution
ofLinearProgrammingProblemsbygraphicalmethodupto2variables.

STATISTICS:(36marks)

UnitIII

Introduction:

Meaning,ScopeandLimitationsofStatistics.

BasicStatisticalConcepts:Population,Sample,Variable,attribute,parameter,statistic.

Collectionofdata:

PrimaryandSecondary,SampleandCensusSurvey(conceptonly),Tabulationofdata
upto3characteristics(Simpleexamples)

Diagramsandgraphs:

Givenadiagram,interpretationofit.Simplebardiagram,Multiplebardiagram,
Percentagebardiagram,Piediagram(Constructionofdiagramnottobeasked).
Drawingoffrequencycurve,frequencypolygon,Histogram(classintervalsofequal
lengthsonly)andogives.

UnitIV

MeasuresofCentralTendency:

Arithmeticmean,Weightedmean,Median,Modewithoutgrouping,Quartiles(
ExamplesononemissingfrequencytobedoneonlyincaseofArithmeticmean,
WeightedmeanandMode)

MeasuresofDispersion:

Range,Quartiledeviation,Meandeviationfrommean,Standarddeviationandtheir
coefficients(Conceptsofshiftoforiginandchangeofscalearenottobedone)

UnitV

ElementaryProbabilityTheory:

Conceptofrandomexperiment/trialandpossibleoutcomes;SampleSpaceandDiscrete
SampleSpace;Eventstheirtypes,AlgebraofEvents,MutuallyExclusiveandExhaustive
Events;workingknowledgeofnCrandnPr.

ClassicaldefinitionofProbability,Additiontheorem(withoutproof),

IndependenceofEvents: P ( A B ) = P ( A) P ( B ) Simpleexamples.RandomVariable:
Probabilitydistributionofadiscreterandomvariable;ExpectationandVariance;Simple
examplesonprobabilitydistributions;ConceptofNormaldistributionandStandard
NormalVariate(SNV),simpleexamples.

SemesterII

Course:UBCOMFSI.6

MathematicalandStatisticalTechniques II
MATHEMATICS:(24marks)

UnitVI

Functions,DerivativesandTheirApplications

Conceptofrealfunctions:constantfunction,linearfunction,xn,ex,ax,logx.

Demand,Supply,TotalRevenue,AverageRevenue,Totalcost,AveragecostandProfit
function.EquilibriumPoint,Break evenpoint.

Derivativeasratemeasure.

Derivativesoffunctions:Constantfunction,xn,ex,ax,logx.

Rulesofderivatives:Scalarmultiplication,sum,difference,product,quotient,simple
problems.

SecondOrderderivatives

Applications:MarginalCost,MarginalRevenue,ElasticityofDemand.Maximaand
MinimaforfunctionsinEconomicsandCommerce.
UnitVII

InterestandAnnuity

SimpleInterestandCompoundInterest

Interestcompoundedmorethanonceayear.Calculationsinvolvingupto4time
periods.

EquatedMonthlyInstalments(EMI)usingreducingandflatinterestsystem.Present
value,Futurevalue.

r n
AnnuityImmediateanddue:Simpleproblemswith (1 + ) with n 4 .
100

STATISTICS:(36marks)

UnitVIII

BivariateLinearCorrelation:ScatterDiagram,ComputationofKarlPearsonsCoefficient
ofCorrelation(CaseofBivariateFrequencyTabletobeexcluded),Computationof
SpearmansRankCorrelationCoefficient(caseofrepeatedranksupto2repetitionsonly)

BivariateLinearRegression:FindingRegressionlinesbymethodofleastsquares.
PropertiesofRegressionCoefficients i) r = byxbxy ii)( x , y )isthepointof
intersectionoftworegressionlines.

UnitIX

Timeseries:Conceptsandcomponentsofatimeseries.EstimationofTrendusing
MovingAverageMethodandLeastSquaresMethod(onlyLinearTrend)

EstimationofSeasonalComponentusingSimpleArithmeticMean(ForTrendfreedata
only)

ConceptofForecastingusingLeastSquaresMethod.

IndexNumbers:Conceptanduses.SimpleandCompositeIndexNos.(unweighted,
weighted),LaspeyresPriceIndexNo,PaaschesPriceIndexNo,FishersPriceIndexNo.,
CostoflivingIndexNo.,RealIncome,SimpleExamples.

ConceptofWholesalePriceIndexNo.(Examplesonmissingvaluesshouldnotbedone)
UnitX

DecisionTheory:Decisionmakingsituation,Decisionmaker,CoursesofAction,Statesof
Nature,Pay offandPay offmatrix;Decisionmakingunderuncertainty,Maximin,
Maximax,MinimaxregretandLaplacecriteria;simpleexamplestofindoptimum
decision.

DecisionmakingunderRisk,ExpectedMonetoryValue(EMV);Decisiontree;simple
ExamplesbasedonEMV,ExpectedOpportunityLoss(EOL),simpleExamplesbasedon
EOL.

Tutorial:

Twotutorialstobeconductedoneachuniti.e.10tutorialsperterm.Attheendofeach
termoneTutorialassignmentof10marksshouldbegiven.

Examination:

InternalAssessment40%(40marks)

(i) Twoperiodicalclasstests 20marks

(ii) OneTutorialAssignment 10marks
(iii) Activeparticipationinclassinstructionaldeliveries 05marks
(iv) Overallconductasaresponsiblestudent,mannerismetc. 05marks.

SemesterEndAssessment60%(60marks)

AttheendofeachsemestertherewillbeaSemesterEndExaminationof60marks.

QuestionPaperPattern:

1)InSectionI(basedonMathematics),answeranytwooutoffourquestions.

2)InSectionII(basedonStatistics),answeranythreeoutofsixquestions.

3)Allquestionscarryequalmarksi.e.12marks.

4)Sub questionsshouldbebasedondifferentunits.
ReferenceBooks:

1) MathematicsforEconomicsandFinanceMethodsandModellingbyMartin
AnthonyandNormanBiggs,
CambridgeUniversityPress,Cambridgelow pricededition,2000,Chapters1,2,4,
6to9&10.
2) AppliedCalculusByStephenWanerandStevenConstenoble, Brooks/Cole
ThomsonLearning,secondedition,Chapter1to5.
3) BusinessMathematicsByD.C.SanchetiandV.K.Kapoor,SultanChand&Sons,
2006,Chapter1,5,7,9&10.
4) MathematicsforBusinessEconomics

ByJ.D.Gupta,P.K.GuptaandManMohan,TataMc GrawHillPublishingCo.
Ltd.,1987,Chapters9to11&16.

5) QuantitativeMethods Part IByS.SahaandS.Mukerji,NewCentralBook

Agency,1996,Chapters7&12.
6) MathematicalBasisofLifeInsuranceByS.P.Dixit,C.S.ModiandR.V.Joshi,

InsuranceInstituteofIndia,Chapters2:units2.6,2.9,2.20&2.21.

7) SecuritiesLaws&RegulationofFinancialMarket

IntermediateCoursePaper8,InstituteofCompanySecretariesofIndia,Chapter
11.

8) InvestmentsByJ.C.Francis&R.W.Taylor,SchaumsOutlines,TataMc GrawHill
Edition2000,Chapters2,4&section25.1.
9) IndianMutualFundsHandbook

BySundarShankaran,VisionBooks,2006,Sections1.7,1.8.1,6.5&Annexures
1.1to1.3.

10) STATISTICSbySchaumSeries.
11) OperationsResearchbyGuptaandKapoor
12) OperationsResearchbySchaumSeries