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Course Description

This course is an introduction to statistics designed for management students. In the rapidly changing business environment it is imperative to understand the representation of data. Accordingly, focus has been laid to data visualization, descriptive statistics and other analysis techniques.

This course aims to make the future managers well equipped with analytical skill sets to be applied in real world business settings.

Leaning Outcomes

At the end of the course you should be able to

· Present and/or interpret data in tables and charts.

· Understand and apply descriptive statistical measures to business situations.

· Understand and apply probability distributions to model different types of business processes.

· Understand and apply statistical inference techniques (including statistical estimation and hypothesis testing) in business situations.

· Understand and apply simple linear regression analysis

Session Plan

Session No	Topics/Activities	Reading
1	Introduction to Statistics	Chapter 1
2-4	Descriptive Statistics: Representation and Visualization	Chapters 2 & 3
5	Random Variables and Concept of Probability	Chapter 4
6-8	Discrete and Continuous Distributions	Chapters 5 & 6
9-10	Sampling and Sampling Distribution	Chapter 7
11-12	Point estimation and Interval Estimation	Chapter 8
13-15	Hypothesis testing for means, proportions and variances - for both single and two populations	Chapters 9, 10 & 11
16	Analysis of Variance (ANOVA)	Chapter 13
17	Goodness-of-Fit and Test of Independence	Chapter 12
18-19	Simple and Multiple Linear Regression	Chapters 14 & 15
20	Project Presentation

NOTE: Syllabus for end-term and announced quiz will be conveyed eventually in the classes.

Evaluation components and weights

1. Quiz - 30% [2 quizzes of 15 marks each; 1 announced and 1 surprised]
2. Project - 25% [Problem Formulation-5, Problem solution-10, Project Report-5 & Presentation-5]
3. End-term - 35%
4. Class participation – 10%

Compulsory Reading
1. Statistics for Business and Economics by Anderson, Sweeny, Williams, Camm and Cochran, Cengage 12th edition

2. Handouts

Suggested Reading
1. Statistics for Management by Levin, Rubin, Siddiqui and Rastogi.
2. Applied Business Statistics- Ken Black, Wiley.

Created By: Alora Kar on 09/25/2017 at 10:19 AM
Category: MBA(Exe.)2017-18 T-II Doctype: Document