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The questions are designed to test the ability of appropriate use of numbers and number sense of the candidate. Measures of Central Tendency- Common measures of central tendency ? mean median and mode; Partition values- quartiles, deciles, percentiles. Measures of Dispersion- Common measures dispersion ? range, quartile deviations, mean deviation and standard deviation; Measures of relative dispersion. Statistical Inference - Point estimation and interval estimation, Properties of a good estimator, Methods of estimation (Moments method, Maximum likelihood method, Least squares method), Testing of hypothesis, Basic concept of testing, Small sample and large sample tests, Tests based on Z, t, Chi-square and F statistic, Confidence intervals. Time Series Analysis - Components of time series, Determinations of trend component by different methods, Measurement of seasonal variation by different methods. Index Numbers - Meaning of Index Numbers, Problems in the construction of index numbers, Types of index number, Different formulae, Base shifting and splicing of index numbers, Cost of living Index Numbers, Uses of Index Numbers.
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