This Course Combines Business Statistics and Management Science That Are Essential For Business Managers

BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI
WORK INTEGRATED LEARNING PROGRAMMES

Digital
Course Title
Part A: Content Design

Quantitative Methods
Course No(s)
MM ZG515 / QM ZG515
Credit Units
Credit Model
Content Authors
RAJESH MATAI
Course Objectives
No
This course combines business statistics and management science that are essential for
business managers.
CO1
To provide an understanding of various tools and techniques of Business Statistics
CO2
To provide an understanding of various tools and techniques of Management Science
CO3
Clarity on how to apply analytical techniques in different business situations and possibly use
spreadsheets for solving problems
Text Book(s)
T1
D.M. Levine, T.C. Krehbiel, M.L. Berenson and P. K. Viswanathan, Business Statistics: A
First Course, Pearson Education, 5th Ed., 2011.
T2
Render, Stair & Hanna, Quantitative Analysis for Management, Pearson Education, 10 th Ed.,
2011.
Reference Book(s) & other resources

R1
Ken Black, Business Statistics: For Contemporary Decision Making, Wiley, 5 th Edition,
2010.
R2
Hillier and Hillier, Introduction to Management Science, 3rd Edition, Tata McGraw Hill, 2011
R3
Naval Bajpai, Business Statistics, Pearson Education, 2010
Content Structure
1. Data Collection and Presenting data in Tables and Charts
1.1 Collecting data and types of data
1.2 Tables and charts for Categorical
1.3 Organizing Numerical data
1.4 Cross tabulations and scatter diagrams
2. Numerical Descriptive Measures

2.1 Measures of central tendency, variation and shape
2.2 Numerical descriptive measures for a population
3. Probability
3.1 Basic probability concepts
3.2 Conditional probability
3.3 Bayes Theorm
4. Discrete probability distributions
4.1 Probability distribution for a discrete random variable
4.2 Binomial distribution
4.3 Poison distribution
5. Continuous probability distributions and Normal distribution

5.1 Continuous probability distributions
5.2 Normal distribution
5.3 General Procedure for finding normal probabilities
6. Sampling and Sampling Distributions

6.1 Sampling and Types of sampling methods
6.2 Sampling distribution of mean
6.3 Central limit theorem
6.4 Sampling distribution of mean and proportion
7. Confidence Interval Estimation

7.1 Confidence interval estimation for the mean ( known)
7.2 Confidence interval estimation for the mean ( unknown)
7.3 Confidence interval estimation for the proportion
7.4 Determining sample size
8. Fundamentals of Hypothesis Testing: One-Sample Tests
8.1 Hypothesis testing methodology
8.2 Z test of Hypothesis for the mean ( known)
8.3 One tail tests
8.4 t test of Hypothesis for the mean ( unknown)
8.5 Z test of Hypothesis for the proportion
9. Two-Sample Tests
9.1 Comparing means of two independent populations
9.2 Comparing means of two related populations
9.3 Comparing two population proportions
10.
F-test and ANOVA
10.1 F test for the difference between two variances
10.2 ANOVA
10.2.1 F test for differences among more than two means
10.2.2Multiple comparisons: The Tukey-Kramer Procedure
10.2.3 ANNOVA Assumptions
11. Chi-Square Tests
11.1 The Chi-square test for the difference between two proportions
11.2 Chi-Square Test for differences among more than two proportions
11.3 Test of independence
11.4 Test of goodness of fit
12. Linear Programming Problems (LPP)
12.1 Introduction
12.2 Requirements of a Linear Programming Problem
12.3 Formulating LP Problems
12.4 Graphical Solution to an LP Problem
12.5 Solving Minimization Problems
12.6 Four Special Cases in LP
13. LPP: Simplex method
13.1 Introduction
13.2 How to Set Up the Initial Simplex Solution
13.3 Simplex Solution Procedures
13.4 The Second Simplex Tableau
13.5 Developing the Third Tableau
13.6 Review of Procedures for Solving LP Maximization Problems
14. LPP: Simplex method (Continue)
14.1 Recognize special cases such as infeasibility, unboundedness, and degeneracy
14.2 LPP Applications
14.2.1Marketing Applications
14.2.2 Marketing Research Applications
14.2.3Financial Applications
14.2.4 Transportation Applications
15. Transportation problem

15.1 Structure special LP problems using the transportation and assignment models
15.2 Use the northwest corner, method for solving transportation problem
15.3 Use the Vogel's Approximation Method (VAM) for solving transportation problem
16. Assignment problem
16.1 Solve assignment problems with the Hungarian (matrix reduction) method
Learning Outcomes:
No
Learning Outcomes
LO1
Able to understand data and basic statistics tools
LO2
Able to understand basics of probability and probability distributions
LO3
Understanding basics of hypothesis testing (One sample and two sample tests)
LO4
Understanding of ANNOVA and Chi-square tests
LO5
Understanding Linear Programming, Transportation and Assignment techniques of

Management science and their practical applications
Part B: Learning Plan

Second Semester 2016-2017
Academic Term
Course Title
Quantitative Methods
Course No
MM ZG515 / QM ZG515
Lead Instructor
Rajesh Matai
Contact Hour 1
Type
Content Ref.
Topic Title
Study/HW Resource Reference
Pre CH
T1
Given in content structure 1.1, 1.2
Overview of Ch. 1
During
CH
PPTS
PPTS
Post CH
R1
Study Ch 1
Type
Content Ref.
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T1
Overview of Ch. 2
During
CH
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PPTS
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Study Ch 1
Content Ref.
Topic Title
Contact Hour 2
Contact Hour 3
Type
Pre CH
T1
Given in content structure 2.1
Overview of Ch 3
During
CH
PPTS
PPTS
Post CH
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Type
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CH
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Type
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Overview of Ch 4
During
CH
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Type
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Overview of Ch4
During
CH
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Given in content structure 3.2,3.3
PPTS
Post CH
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Type
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CH
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Type
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Overview of Ch5
Contact Hour 4
Contact Hour 5
Contact Hour 6
Contact Hour 7
Contact Hour 8
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CH
PPTS
PPTS
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R1
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Type
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During
CH
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Type
Content Ref.
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Type
Content Ref.
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Overview of Ch 7
During
CH
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Post CH
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Type
Content Ref.
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Overview of Ch 7
During
CH
PPTS
PPTS
Post CH
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Type
Content Ref.
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T1
Overview of Ch 8
During
CH
PPTS
PPTS
Contact Hour 9
Contact Hour 10
Contact Hour 11
Contact Hour 12
Contact Hour 13
Post CH
R1
Study Ch 8
Type
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CH
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Type
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During
CH
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Type
Content Ref.
Topic Title
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Given in content structure

8.3,8.4,8.5
Overview of Ch 8
During
CH
PPTS

8.3,8.4,8.5
PPTS
Post CH
R1

8.3,8.4,8.5
Study Ch 9
Type
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Overview of Ch 9
During
CH
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PPTS
Post CH
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Type
Content Ref.
Topic Title
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T1
Overview of Ch 9
During
CH
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PPTS
Post CH
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Contact Hour 14
Contact Hour 15
Contact Hour 16
Contact Hour 17
Contact Hour 18
Contact Hour 19
Type
Content Ref.
Topic Title
Pre CH
T1
Given in content structure 10.1,

10.2.1
Overview Ch 10
During
CH
PPTS

10.2.1
PPTS
Post CH
R3

10.2.1
Study Ch 12
Type
Content Ref.
Topic Title
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T2
Given in content structure 10.2.2,

10.2.3
Overview Ch 10
During
CH
PPTS

10.2.3
PPTS
Post CH
R3

10.2.3
Study Ch 12
Type
Content Ref.
Topic Title
Pre CH
T1

11.2, 11.3
Overview of Chapter 11
During
CH
PPTS

11.2, 11.3
PPTS
Post CH
R1

11.2, 11.3
Study Ch12
Type
Content Ref.
Topic Title
Pre CH
R1
Overview of Ch 12
During
CH
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PPTS
Post CH
R1
Study Ch12
Type
Content Ref.
Topic Title
Pre CH
T2
Given in content structure 12.112.4
Overview of Ch 7
During
PPTS
Given in content structure 112.1-
PPTS
Contact Hour 20
Contact Hour 21
Contact Hour 22
Contact Hour 23
CH
Post CH
12.4
T2
Study Ch-7
Type
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Topic Title
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T2

12.6
Overview of Ch 7
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PPTS
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12.6
Study Ch-7
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Type
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Topic Title
Pre CH
T2

14.2.2
Overview Ch 8-9
During
CH
PPTS

14.2.2
PPTS
Post CH
T2

14.2.2
Study Ch 8,9
Contact Hour 24
Contact Hour 25
Contact Hour 26
Contact Hour 27
Contact Hour 28
Type
Content Ref.
Topic Title
Pre CH
T2

14.2.3, 14.2.4
Overview Ch 8-9
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14.2.3, 14.2.4
PPTS
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14.2.3, , 14.2.4
Study Ch 8,9
Type
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Topic Title
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15.2
Overview of Ch 10
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PPTS
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15.2
Study Ch-10
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Given in content structure 16
During
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Contact Hour 29
Contact Hour 30
Contact Hour 31
Contact Hour 32
Evaluation Scheme:
Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session
No
Name
Type
Duration Weight Day, Date, Session, Time
EC-1
Quiz-I/ Assignment-I Online
5%
February 1 to 10, 2017
Quiz-II
Online
5%
March 1 to 10, 2017
Quiz-III/
Online
5%
March 20 to 30, 2017
Assignment-II
EC-2
Mid-Semester Test
Closed
2 hours
35%
25/02/2017 (AN) 2 PM TO 4 PM
Book
EC-3
Comprehensive
Open
3 hours
50%
08/04/2017 (AN) 2 PM TO 5 PM
Exam
Book
Syllabus for Mid-Semester Test (Closed Book): Topics in Session Nos. 1 to 16
Syllabus for Comprehensive Exam (Open Book): All topics (Session Nos. 1 to 32)
Important links and information:
Elearn portal: https://elearn.bits-pilani.ac.in
Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest
announcements and deadlines.
Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn portal.
Evaluation Guidelines:
1. EC-1 consists of either three Assignments or three Quizzes. Students will attempt them through the course
pages on the Elearn portal. Announcements will be made on the portal, in a timely manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is
permitted. However, loose sheets of paper will not be allowed. Use of calculators is permitted in all
exams. Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student should
follow the procedure to apply for the Make-Up Test/Exam which will be made available on the Elearn
portal. The Make-Up Test/Exam will be conducted only at selected exam centres on the dates to be
announced later.
It shall be the responsibility of the individual student to be regular in maintaining the self study schedule as given
in the course handout, attend the online lectures, and take all the prescribed evaluation components such as
Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the evaluation scheme provided in
the handout.

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BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI

WORK INTEGRATED LEARNING PROGRAMMES

Part A: Content Design

To provide an understanding of various tools and techniques of Business Statistics

To provide an understanding of various tools and techniques of Management Science

Reference Book(s) & other resources

Naval Bajpai, Business Statistics, Pearson Education, 2010

2. Numerical Descriptive Measures

5. Continuous probability distributions and Normal distribution

6. Sampling and Sampling Distributions

7. Confidence Interval Estimation

15. Transportation problem

Able to understand data and basic statistics tools

Able to understand basics of probability and probability distributions

Understanding of ANNOVA and Chi-square tests

Understanding Linear Programming, Transportation and Assignment techniques of

Part B: Learning Plan

Study/HW Resource Reference

Given in content structure 1.1, 1.2

Given in content structure 1.1, 1.2

Given in content structure 1.1, 1.2

Study/HW Resource Reference

Given in content structure 1.3, 1.4

Given in content structure 1.3, 1.4

Given in content structure 1.3, 1.4

Study/HW Resource Reference

Given in content structure 2.1

Given in content structure 2.1

Given in content structure 2.1

Study/HW Resource Reference

Given in content structure 2.2

Given in content structure 2.2

Given in content structure 2.2

Study/HW Resource Reference

Given in content structure 3.1

Given in content structure 3.1

Given in content structure 3.1

Study/HW Resource Reference

Given in content structure 3.2, 3.3

Given in content structure 3.2,3.3

Given in content structure 3.2, 3.3

Study/HW Resource Reference

Given in content structure 4.1, 4.2

Given in content structure 4.1, 4.2

Given in content structure 4.1,4.2

Study/HW Resource Reference

Given in content structure 4.3

Given in content structure 4.3

Given in content structure 4.3

Study/HW Resource Reference

Given in content structure 5.1, 5.2

Given in content structure 5.1,5.2

Given in content structure 5.1,5.2

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Given in content structure 5.3

Given in content structure 5.3

Given in content structure 5.3

Study/HW Resource Reference

Given in content structure 6.1, 6.2

Given in content structure 6.1, 6.2

Given in content structure 6.1, 6.2

Study/HW Resource Reference

Given in content structure 6.3, 6.4