MBA Entrepreneurship & Family Business: 2010 -2011

School of Business Management, NMIMS University

Course name: Statistical Analysis for Business Decisions
Trim: I
______________________________________________________________________
Instructor’s Name: Dr. T. Kanchwala

Course objective:
To familiarize students on the following:
(a) The Sampling concepts involved in Statistics
(b) Need for Statistics & Sampling theory in solving business & research problems
(c) Scope and limitation of use
Evaluation Criteria:
Mid Term: 50 marks comprising of 2 test & or assignments
End Term Exam: 50 marks
Faculty:
Pedagogy:
1. Use of problem solving for all the topics.
2. Use of case lets / case studies.
3. Use of Software like Excel / SPSS.
Session Outline
Sessio Topic
n

Theory of Probability – Relevance to Management, Basic Concepts -

1 Probability, Event, Experiment, Sample Space, Type of Events
Read ASW Chapter 4 or LR Chapter 4
Theories of Probability - Classical theory, Relative Frequency theory,
2 Axioms, Addition rule, Multiplication rule – Problems & Applications
Read ASW Chapter 4 or LR Chapter 4
Bayes Theorem – Problems & Applications
3
Read ASW Chapter 4 or LR Chapter 4
Probability Distribution - Meaning of Probability Distribution, Type of
4 Probability Distribution
Read ASW Chapter 5 or LR Chapter 5
Binomial Distribution, Poisson Distribution– Properties, Applications,
5 Problems, Excel & SPSS functions
Read ASW Chapter 5 or LR Chapter 5
Normal Distribution– Properties, Applications, Problems, Excel & SPSS
6 functions
Read ASW Chapter 6 or LR Chapter 5
Sampling Theory – Introduction, Examples, Principles, & Methods of
7 Sampling
Read ASW Chapter 7 or LR Chapter 6
Sampling Distributions for Statistic Arithmetic Mean – Concept of
Standard Error, Standardizing of Sampling Mean, Importance of Sample
8
Size, Related Problems
Read ASW Chapter 7 or LR Chapter 6
Interval estimates of the Mean from large samples – Concept of Estimator,
desirable properties of Estimators, Interval Estimate using Normal
9
distribution,
Read ASW Chapter 8 or LR Chapter 7
Introduction of ‘t’ - distribution, Concept of Degree of Freedom, Interval
Estimation using t distribution, Determination of Sample size, related
10
problems
Read ASW Chapter 8 or LR Chapter 7
Testing of Hypothesis (One Sample Tests for Arithmetic Mean) –
Introduction to Hypothesis Testing, Procedure for Hypothesis Testing,
11 Importance of level of Significance
Read ASW Chapter 9 or LR Chapter 8
Two Tailed & Single Tailed test, concept of p – value as an alternate
approach to testing of hypothesis, related problems
12
Read ASW Chapter 9 or LR Chapter 8
Testing of Hypothesis (two sample tests) – Sampling distribution for
difference between mean, Hypothesis Testing for difference between
mean for large Sample & Small Sample, Paired difference test, related
13
problems
Read ASW Chapter 10 or LR Chapter 9
14 Sampling Distributions for Statistic Proportion of Success – Concept of
Standard Error, Standardizing of Proportion of Success, Importance of
Sample size, Interval estimates of the proportion from large samples,
Hypothesis Testing of Proportion of Success, related problems
 Read ASW Chapter 7-9 or LR Chapter 6-8
Sampling Distribution for difference between Proportion of Success,
Hypothesis testing for differences between Proportions, related problems
15-16
Read ASW Chapter 10 or LR Chapter 9
F Test for inferences about two variances – Introduction to F distribution,
F table, Inferences about two population Variances, One Tailed test of two
17 variances, related problems
Read ASW Chapter 11 or LR Chapter 11
Chi-Square Test – Concept of Contingency Table, Observed & Expected
frequency, Chi square statistics, Chi square distribution, using chi square
18 test of independence, chi-square test of Goodness of fit, precaution using
chi square test, related problems
Read ASW Chapter 12 or LR Chapter 11
Analysis of Variances – One way classification model, Two way
19 classification model, related problems
Read ASW Chapter 13 or LR Chapter 11
20 Software Packages in Statistics (use of SPSS)

References:
1) Statistics for Management by Levin & Reuben
Sessions 1 - 19
2) Business Statistics by A Aczel & J Sounderpandian
(Reference)
3) Statistics for Business & Economics by Anderson Sweeney Williams
Sessions 1 - 19
4) Statistics – Concepts & Applications by Pal & Sarkar Use of SPSS
Session 20
5) Statistics for Management by Srivastava & Rego
(Reference)