Course Objectives
The objective is to develop an understanding of statistical tools and techniques and their application in business decisions. The goal of this course is not to make you an accomplished statistician but to give you some appreciation of statistical techniques so that you may be able to determine if data that you may be given or may read in the literature is of value i.e., it is accurate and appropriate for the decision at hand.
While most of the concepts and techniques will be covered in the class the participant is expected to do the required home work before coming for the class. To do well a participant must not just read and attend classes but will be required to do a good amount of pencil pushing .i.e. get your hands dirty and solve problems.
Syllabus
1. Descriptive statistics
2. Probability
3. Random variable and probability distribution
4. Discrete distributions
5. Continuous distributions
6. Sampling
7. Estimation
8. Testing of Hypothesis
9. Analysis of variance
10. Non parametric methods
11. Simple linear regression
Evaluation
1. Attendance and class participation - 10%
2. Announced quizzes – 30 % (10 percent each for 3 quizzes)
3. Mid term exam – 30%
4. End term exam – 30%
References
1. Levin R.I, Rubin D.S., Statistics for Management, Prentice Hall India, Seventh Edition, 2000. The Institute library has multiple copies of the book. Also note that, as the course covers fundamental topics, most books on business statistics are equally useful.
2. Statistics resources on the Internet
Created By: Lingaraj Pattanaik on 06/07/2006 at 09:33 AM Category: PGP-I Doctype: Document