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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/multiple 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
9-11	Sample and Sampling Distribution, Point estimation	Chapter 7
12-13	Interval Estimation	Chapter 8
14-18	Hypothesis testing for means, proportions and variances - for both single and two sample, ANOVA, goodness of fit	Chapters 9, 10, 11, 12 & 13
19-20	Simple and Multiple Linear Regression	Chapters 14 & 15

Evaluation components and weights

1. Quiz - 20%
2. Mid term exam - 30%
3. End-term - 40%
4. Class participation – 10%

NOTE: No request for make-up examinations will be entertained.


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.
Created By: Bijoy Kar on 08/30/2018 at 06:50 PM
Category: Course Outlines-HRM-I Doctype: Document