Quantitative Techniques

35 Hours

Business Statistics Ken Black

What is QT?
Techniques to analyze quantitative data Why? Introduction of faculty and students

Objective
The core objective of this course is to impart basic concepts in statistics and business research methods, developing skills in structuring and analyzing problems and enable the students to apply the solutions for decision making and forward planning.

Session Plan
Sessi Topic on No. 1 Introduction to the course and business statistics. 2 3-4 5-6 7 to 9 Frequency distribution and Graphical depiction of data Measures of central tendency and variability Submit the project work for the above topics Introduction to probability Discrete Probability Distribution Reading from book Tutorial

Chapter 1.1 & 1.2

2.1 and 2.2 3.1 to 3.5 4.1 5.1to 5.4 1 1

Quiz in 9th session

10-13
14-15

Continuous Probability Distribution

Sampling Methods

6.1 and 6.2

Mid Term

7.1 Based on 15 session

Session Plan
Session No. Topic Reading Tutorial from book

16-18

19-22 23-24

Estimating population mean, proportion and 8.1 to 8.3 variance & Hypothesis testing for 9.1 to 9.4 population mean Analysis of Variance 11.1 to 11.2

2 1

Quiz 2
Chi Square test of independency 12.2 Submit the project work for the above topics Simple Regression and Multiple Regression 14.1 to 14.5 and 15.1 Review and project presentations

25-28 29-30

Pedagogy
Class room Lectures for conceptual learning, Case studies: Application of statistical methods Project: Hands on experience Tutorials: For clarification of doubts and practice on excel

References
Statistics for Management, T N Srivastava and Shailaja Rego, TMH Complete Business Statistics, Amir D Aczel and Jayavel Sounderpandian, TMH Statistics for Management R Levin and D Rubin; 7th Edition (or, later), Pearson Education

Evaluation
Component Class Participation Quiz 1 Mid Term Quiz 2 %age 10 Participation in various classroom activities. 10 20 10 MCQs Based on topics covered after 8 sessions After 15 sessions based on topics covered in 15 sessions MCQs Based on topics covered after 22 sessions Based on the topics after Midterm Group activity for hands on experience of using what is learned in the class. Data will be provided to all the groups to learn the application of business statistics.

End Term Project in a group of 10 students

30 20

Project work will be evaluated in phases as mentioned in session schedule.

Expectation from students

Class preparation reading suggested in schedule and reading of topic done in previous session Laptop or Calculator will be helpful to learn as few examples will be done in the class Class participation is essential to improve learning of subject as well as communication Every one should have Textbook book as few examples will be done from the book or practice assignments will be from the book

Classroom Discipline
Students should be in class according to schedule time Late entry will not be permitted Mobile phone should be switched off in the class No interpersonal talking