IIT JAM MSTAT 2018 PART 1 ONLINE CLASSES,PRE RECORDED CLASSES,STUDY MATERIAL,MOCK TESTS

June 10, 2019

IIT JAM MSTAT 2018 PART 1 ONLINE CLASSES,PRE RECORDED CLASSES,STUDY MATERIAL,MOCK TESTS. CTET 11 PAPER 2 2016 PAST YEAR SOLVE,COMPLETE SOLUTIONS,ONLINE CLASSES IN HINDI+ENGLISH

IIT JAM MSTAT 2018 PART 1 ONLINE CLASSES,PRE RECORDED CLASSES,STUDY MATERIAL,MOCK TESTS video duration 4 Minute(s) 34 Second(s), published by SOURAV SIR'S CLASSES on 12 07 2018 - 12:40:58.

IIT JAM MSTAT 2018 PART 1 ONLINE CLASSES,PRE RECORDED CLASSES,STUDY MATERIAL,MOCK TESTS ,PAST YEAR SOLVE,EXPLANTIONS CTET 8 PAPER 2 2016 PAST YEAR SOLVE,COMPLETE SOLUTIONS,ONLINE CLASSES,PRE RECORDED CLASSES,MOCK TESTS VISIT OUR WEBSITE .

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IIT JAM MSTAT 2018 PART 1 ONLINE CLASSES,PRE RECORDED CLASSES,STUDY MATERIAL,MOCK TESTS ,PAST YEAR SOLVE,EXPLANTIONS,COMPLETE SOLUTION




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M. Stat.: What is it About?
Statistics as a subject shows relevance with many other fields like:

Medicine
Natural sciences
Education
Psychology
Education
Industry, business, and government.
The main functions in an enterprise for statistical methods are as follows:

Planning of Operations: This may relate to either special projects or to the recurring activities of a firm over a specified period.
Setting up of standards: This may relate to the size of employment, volume of sales, fixation of quality norms for the manufactured product, norms for the daily output, and so forth.
Function of Control: This involves comparison of actual production achieved against the norm or target set earlier. In case the production has fallen short of the target, it gives remedial measures so that such a deficiency does not occur again.
In ancient times, statistics was regarded as the science of state craft and was used to collect information related to:

Military force,
Population,
Wealth.
But in modern times, the use of statistics is broad, and in problems related to:

Planning
Economics
Business
Management
Mathematics.
The discipline is related to fields such as:

Engineering
Science
Medicine
Multivariable Calculus
Consultancies, in analyses of people’s preferences and tendencies.
Marketing, in tracking customer actions on a company’s website.

Eligibility for M. Stat.:
Candidates aspiring for admission to the course are required to fulfil the following minimum eligibility criteria.

Graduation in a relevant stream, from a recognized educational Board.
A minimum aggregate score of 50% (45% for SC/ST/OBC candidates) at the level of graduation.
Candidates appearing for their final graduation-level examination are also eligible to apply for the course on provisional basis.

M. Stat.: Admission Process
Most institutes offering the course in India admit students based on their performance in a relevant entrance test, followed by a subsequent round of counselling.The round of counselling consists of two additional rounds of Group Discussion and Personal Interview, wherein the candidate’s general aptitude for the course is examined.

M. Stat.: Career Prospects
Statisticians perform duties such as:

solving problems in a wide variety of fields.
applying mathematical and statistical knowledge to social, economic problems.
using statistics such as computer science, government, private, statistics business, scientific, agriculture, health, private and other ones.
collecting and analyzing data.
designing experiments or surveys to collect required data.
applying statistical methods to practical problems in business, science and other fields.
writing reports and articles of their analysis.
presenting results to clients or authorities.
Industries that apply statistics include:

Business
Industry
Agriculture
Computer Science
Health Sciences
Finance
Analytics
Software Development
Actuarial Science, and such.
M. Stat. is a 2-year postgraduate course, the minimum eligibility for admission to which is the successful completion of graduation in a relevant discipline, from a recognized university. The course is essentially about collecting and interpreting statistics.

Social Sciences, Finance, and Econometrics are all covered as potential areas for gathering statistical data. The program involves components such as:

practical math, like algebra, calculus.
design side of statistics, like survey sampling and experiment implementation.
Admission to the course is based on the candidate’s test score, academic profile, performance in the round of interview, followed by qualification of a relevant entrance test.

The average tuition fee charged for this course in India ranges between INR 1 and 4 Lacs.
Popular organizations that hire such postgraduates include:

Deloitte Consulting
TCS Innovations Labs
Blue Ocean Marketing
BNP Paribas India
Neilson Company
Accenture
HP
GE Capital
Mu Sigma
Fractal Analytics
EXL
HDFC, etc.
They are hired in capacities such as:

Statisticians
Business Analyst
Mathematician
Professor
Risk Analyst
Data Analyst, etc.
The average annual salary offered to such professionals in India ranges between INR 3 and 10 Lacs.

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