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Old January 7th, 2017, 09:47 AM
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Default Re: Yashwantrao Chavan Maharashtra Open University B Tech

The syllabus of Year 2 Semester 3 of Machine & Marine Drawing under B Tech program of Yashwantrao Chavan Maharashtra Open University is as follows:

Semester 03



UN Detailed Syllabus of the Unit

01 The Concept of Risk - Kinds and classification of risks – Assessment – Transfer
The Concept of Insurance – Classification of Insurance
02 Principles of Insurance: Basic principles, Economic Principles, Legal Principles, Financial Principles
03 Theory of Rating, Risk appraisal, Underwriting
04 Reinsurance
05 Insurance Business Environment: Legal, Economic, Commercial, Financial and IT aspects
06 The Legal Environment: The Insurance Act 1938 (as amended), Life Insurance Corporation Act, 1956,
General Insurance Business (Nationalisation) Act, 1973, IRDA Act and Regulations made thereafter
07 Business Laws in India : The Contracts Act, 1872; The Sale of Goods Act, 1930; The Negotiable Instruments
Act, 1881; The Company Act, 1956; The Consumer Protection Act, 1986



UN Detail Syllabus of the Unit

01 Order Statistic: Concept, their P.D.F. for a single order statistic
02 Point and Interval Estimation: Concepts. Population, Sample, Parameter, Statistic, Estimator, Estimate, Bias,
Mean Square Error, Standard Error. Unbiasedness, Consistency, Sufficiency.
Confidence Interval, Confidence Coefficient.
03 Methods of Point Estimation: Method of Moments, Method of Maximum Likelihood Estimation. Properties of
M.l.e. Cramer-Rao Lower Bound.
04 Testing of Hypothesis : Simple and composite hypothesis, Null and alternative hypothesis. Decision Criterion,
Type I Error, Type II Error, Critical region, Level of Significance, Power.
05 Tests of Significance, Most Powerful test, NP Lemma, Uniformly Most Powerful Test.
06 Likelihood Ratio Tests
07 Sampling Distributions of sample mean and sample proportion. Large Sample Tests as Applications of Normal
Distribution: Tests for One/Two Population Mean(s)/Proportion(s)/Correlation Coefficient(s)
08 Chi-square tests: Test for One Normal Population Variance, Test for Goodness of Fit, Tests for Independence
of Attributes
09 t-tests : Tests for Mean(s) of One/Two Normal Population Mean(s), Paired t-test, Test for Significance of
Bivariate Normal Population Correlation Coefficient, Test for Bivariate Normal Population Regression
10 F-tests, ANOVA: Two Normal Population Variance Test, Several Population Means test as ANOVA
11 Non-parametric tests: Sign test, Wilcoxon Signed Ranks test, Stevens’ Grouping of Signs test, Runs test,
Wilcoxon Mann-Whitney test, , Kolmogorov Smirnov test, Kruskal-Wallis H test
12 Simulation: Distribution of Y=F(x), Pseudo Random Numbers, Selecting random samples from discrete
population, continuous population. Acceptance Rejection Method. Monte Carlo simulation.

Syllabus of Year 2 Semester 3 of Machine & Marine Drawing - B Tech YCMOU

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