IBA - JU WMBA Program Course No. 503 (Statistics for Managers) Course Teacher: Dr.

Swapan Kumar Dhar Phone: 01716217678 E-mail: skd@juniv.edu Class Meets: Friday 2.00 5.00 Room Number 381 Topics in this course consist of Sl No. 1 Heading Introduction to Statistics Topic Concept of Statistics, Definition of Statistics, Data, Raw Data, Sources of Data, Types of Data, Technique of Data Collection, Reasons for Obtaining Data, Variable, Attribute, Discrete and Continuous Variable, Level of Measurement and Types of Measurement Scales of Data, Sample, Population. Frequency Distribution, Classification, Tabulation, Graphs and Diagrams, Measures of Central Tendency: Different mathematical and positional averages including important merits and demerits. Measures of dispersion: Different Absolute and Relative Measures with their Merits and Demerits. Skewness and Kurtosis. Basic Probability Concept, Conditional Probability, Deferent rules of Computing probabilities, Bayes Theorem, Random Variable, Discrete and Continuous Random Variables, Basic Concepts of Normal Distribution. Standard Scores. Basic concepts of sampling, why sampling, sampling versus census, different methods of sampling with their merits and demerits. Concept of Regression, Types of correlation, measures of correlation, regression model, Regression Line, Fitting of Regression Line. Concept of Index number, Uses, Characteristics, Price and quality index, Index number calculation by different Methods. Concept of Index Number, Uses, Characteristics, Price and quality index, number calculation by different methods. Concept of Time Series, Components of Time Series Measurement, Business Forecasting.

Descriptive Statistics

3.

Probability

4. 5.

Sampling Methods Simple Linear Regression and Correlation Analysis

6 7.

Index Numbers Time Series Analysis

Text Books: 1) Paul Newbold, William L Carlson, Betty Thorne: Statistics for Business and Economics, 6 th Edition, Prentice Hall. 2) Lind D. A. Marchal W. G., Wathen S. A.: Statistical Techniques in Business and Economics, 14th Edition, McGraw-Hill Publishers. 3) Levine D. M. David Stephan, Timothy C. K. and Berenson M. L.: Statistics for Managers. 4 th Edition, Prentice Hall of India Private Ltd. Grade Assessment : Class Attendance Class Test Midterm Examination Final Examination 10% 20% 30% 40%

Class Test: There will be multiple-choice questions and short type questions for every test. There will be three class tests. Best two will be counted. Midterm Examination: The midterm examination will consist of theory and problem related questions.