Quantitative Skills - Syllabus
Quantitative Skills - Syllabus
Course Objectives:
To compute and understand Ratios, Compound interest, Matrix, Derivative, the measures of
central tendency, symmetrical and asymmetrical distribution, patterns.
Performing Correlation & Compute the equation of simple regression line from a sample data
and interpret the slope and the intercept of the equation
To understand the probability concepts and perform probability theoretical distributions
Use Estimation Theory and Hypothesis Testing concepts & perform various parametric and
non-parametric tests.
Total Hours:50
Unit I (8 Hrs): Ratio & Proportion, Percentage, Simple & Compound Interest, Concepts of
Factorial, Permutations & Combinations; Simple Arithmetic and Geometric Progression;
Concepts of Mathematical Induction. Introduction to set theory.
Unit II (10 Hrs): Definition and Types of Matrix, Algebra of Matrices, input-output analysis
Transpose, Adjoint and Inverse of a Matrix; Determinants, Applications of Matrix in
Business Problem. Derivative from first principle, derivative of sum, Product and Quotient of
two functions, Basics of Integration, Integration by Parts, Applications of Integration in
Business Problem.
Unit III (10 Hrs): Diagrammatic and Graphical presentation of data, Measures of central
tendency, Measures of Dispersion, Skewness, Kurtosis. Basic concepts of correlation and
Unit IV (22 Hrs): Estimation Theory and Hypothesis Testing: Sampling theory; Formulation
of Hypotheses; Application of Z test, t-test, F-test and Chi-Square test. Association of
attributes, Time series, Components
Index Number.
Suggested Reading:
1. Fundamental of mathematical statistics - V K Kapoor and S C Gupta - Sultan Chand &
Sons
2. Fundamental of Statistics (Vol. 1 and Vol. 2) - Goon Gupta and Dasgupta by Calcutta
Press
Course Outcome:
1. Students should be able to calculate and interpret Ratio, Arithmetic and Geometric mean,
measures of central tendency, symmetrical and asymmetrical distribution, patterns.
2. To calculate and interpret correlation coefficients & Formulate regression line by identifying
dependent and independent variables.
3. Understand Estimation Theory and to develop understanding of hypothesis testing concepts &
perform various parametric and non-parametric tests.
Employable Skills Measuring Tools
Exercise
Workshop
Ability to identify and apply the knowledge of subject
Quiz
practically in real life situations
Classroom Discussions SPSS
AND MS EXCEL