BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI

WORK INTEGRATED LEARNING PROGRAMMES

Digital

Part A: Content Design

Course Title Quantitative Methods
Course No MBA ZC417
Credit Units 4
Credit Model
Content Authors Shekhar Rajagopalan

Course Objectives (CO)

CO-1 To provide an understanding of concepts and techniques of Business Statistics

CO-2 To provide an understanding of concepts and techniques of Management Science

CO-3 Using computer software to solve Business Statistics and Management Science
problems.

Textbooks (T)
T-1 David R Anderson, Dennis J Sweeney, Thomas A Williams, Jeffrey D.
(Business Statistics) Camm and James J. Cochran, Statistics for Business and Economics.
Twelfth edition. Cengage Learning. 2014.
T-2 David R Anderson, Dennis J Sweeney, Thomas A Williams, Jeffrey D
(Management Science) Camm and Kipp Martin. Quantitative Methods for Business. Twelfth
edition. Cengage Learning. 2013.

Reference Books (R)

R-1 Ken Black. Business Statistics. Fifth edition. Wiley. 2010.
(for Business Statistics)
R-2 Amir D Aczel, Jayavel Sounderpandian, Palanisamy Saravanan and
(for Business Statistics) Rohot Joshi. Complete Business Statistics. Seventh edition. McGraw
Hill. 2012
R-3 Fredrick S Hillier and Mark S Hillier. Introduction to Management
(for Management Science. Fourth edition. McGraw Hill. 2015.
Science)

Learning Outcomes (LO)

LO-No Learning Outcome

LO-1 The student should be able to formulate and solve problems related to topics
covered in this course.

LO-2 The student should be able to solve the problems using Microsoft Excel.
Content Structure
Part-I: Business Statistics
1. Data and Statistics
1.1 Applications in Business and Economics
1.2 Data
1.3 Data Sources
1.4 Descriptive Statistics
1.5 Statistical Inference
1.6 Computers and Statistical Analysis
2. Descriptive Statistics: Tabular and Graphical Presentations
2.1 Summarizing Qualitative Data
2.2 Summarizing Quantitative Data
2.3 Cross Tabulation and Scatter Diagrams
3. Descriptive Statistics: Numerical Measures
3.1 Measures of Location
3.2 Measures of Variability
3.3 Measures of Shape, Relative Location and Detecting Outliers
3.4 Exploratory Data Analysis
3.5 Measures of Association between Two Variables
4. Probability
4.1 Basic probability concepts
4.2 Conditional probability
4.3 Bayes’ Theorem
5. Discrete probability distributions
5.1 Probability distribution for a discrete random variable
5.2 Binomial distribution
5.3 Poison distribution
6. Continuous Probability distribution
6.1 Uniform probability distributions
6.2 Normal probability distribution
6.3 Exponential probability distribution
7. Sampling and Sampling Distributions
7.1 Simple Random Sampling
7.2 Point Estimation
7.3 Introduction to Sampling Distribution
7.4 Sampling Distribution of the Mean
7.5 Sampling Distribution of Proportion
7.6 Properties of Point Estimators
7.8 Other Sampling Methods
8. Interval Estimation
8.1 Confidence interval estimation for the mean (σ known)
8.2 Confidence interval estimation for the mean (σ unknown)
8.3 Determining sample size
8.4 Confidence interval estimation for the proportion
9. Fundamentals of Hypothesis Testing
9.1 Hypothesis testing methodology
9.2 Z test of Hypothesis for the mean (σ known)
9.3 t test of Hypothesis for the mean (σ unknown)
9.4 Z test of Hypothesis for the proportion
10. Two-Sample Tests
10.1 Comparing means of two independent populations
10.2 Comparing means of two related populations
10.3 Comparing two population proportions
11. Inferences about Population Variances
 11.1 Inferences about a Population Variance
11.2 Inferences about Two Population Variances
12. Tests of Goodness of Fit and Independence
12.1 Goodness of Fit Test: A Multinomial Population
12.1 Test of Independence
13. Experimental Design and ANOVA
13.1 An Introduction
13.2 ANOVA and the Completely Randomized Design
14. Simple Linear Regression
14.1 Simple Linear Regression Model
14.2 Least Square method
14.3 Coefficient of Determination
14.4 Model Assumptions
14.5 Testing for Significance
14.6 Computer Solution

Part-II: Management Science

15 An Introduction to Linear Programming
12.1 A simple optimization problem
12.2 Graphical solution procedure
12.3 Extreme points and the optimal solution
12.5 Special cases
12.6 General Linear Programming Notation
12.7 Solving LP using Excel Solver
16. Linear Programming: Sensitivity Analysis
13.1 Objective Function Coefficients
13.2 Right Hand Sides
17. Linear Programming Applications in
13.1 Marketing, Finance, and Operations Management
13.2 Distribution and Network Models
 Part B: Learning Plan

Academic Term Second Semester 2019-2020

Course Title Quantitative Methods
Course No MBA ZC417
Lead Instructor Shekhar Rajagopalan

Contact Hour 1
Content
Referenc
Type e Topic Study/HW Resource Reference
Read Chapter 1 (T1)
Pre CH 1 Data & Statistics Watch Video Recordings
During
CH 1 Introduction, Data & Statistics Chapter 1 (T1)
Post CH 1 Data & Statistics Solve selected textbook problems

Contact Hour 2
Content
Type Reference Topic Study/HW Resource Reference
Read Chapters 1, 2, 3 (T1)
Pre CH 2, 3 Descriptive Statistics Watch Video Recordings
During Descriptive Statistics
CH 2, 3 Chapters 1, 2, 3 (T1)
Post CH 2, 3 Descriptive Statistics Solve selected textbook problems

Contact Hour 3
Content
Referenc
Type e Topic Study/HW Resource Reference
Read Chapter 4;
Pre CH 4 Probability Watch Video Recordings
During
CH 4 Probability Chapter 4 (4.1 – 4.3) (T1)
Post CH 4 Probability Solve selected textbook problems

Contact Hour 4
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 5 (T1)
Pre CH 4 Probability Distributions Watch Video Recordings
During
CH 4 Probability Distributions Chapter 5 (5.1 - 5.5) (T1)
Post CH 4 Probability Distributions Solve selected textbook problems

Contact Hour 5
 Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 6 (T1);
Pre CH 5 Probability Distributions Watch Video Recordings
During
CH 5 Probability Distributions Chapter 6 (6.1, 6.2, 6.4) (T1)
Post CH 5 Probability Distributions Solve selected textbook problems
Contact Hour 6
Content
Type Reference Topic Study/HW Resource Reference
Sampling and Sampling Read Chapter 7 (T1);
Pre CH 6 Distributions Watch Video Recordings
During Sampling and Sampling
CH 6 Distributions Chapter 7 (7.1 to 7.8) (T1)
Sampling and Sampling
Post CH 6 Distributions Solve selected textbook problems

Contact Hour 7
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 8 (T1);
Pre CH 7 Confidence Interval Watch Video Recordings
During
CH 7 Confidence Interval Chapter 8 (8.1 and 8.4) (T1)
Post CH 7 Confidence Interval Solve selected textbook problems

Contact Hour 8
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 9 (T1);
Pre CH 8 Hypothesis Testing Watch Video Recordings
During
CH 8 Hypothesis Testing Chapter 9 (9.1 – 9.5) (T1)
Post CH 8 Hypothesis Testing Solve selected textbook problems

Contact Hour 9
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 9 (T1);
Pre CH 9 Hypothesis Testing Watch Video Recordings
During
CH 9 Hypothesis Testing Chapter 9 (9.1 – 9.5) (T1)
Post CH 9 Hypothesis Testing Solve selected textbook problems

Contact Hour 10
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 9 (T1);
Pre CH 9 Hypothesis Testing Watch Video Recordings
During
CH 9 Hypothesis Testing Chapter 9 (9.1 – 9.5) (T1)
Post CH 9 Hypothesis Testing Solve selected textbook problems
Contact Hour 11
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 10 Two Sample Tests Read Chapter 10 (T1)
During
CH 10 Two Sample Tests Chapter 10 (10.1 – 10.4) (T1)
Post CH 10 Two Sample Tests Solve selected textbook problems

Contact Hour 12
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 11 Inference about Variances Read Chapter 11 (T1)
During Inference about Variances
CH 11 Chapter 11 (T1)
Post CH 11 Inference about Variances Solve selected textbook problems

Contact Hour 13
Content
Type Reference Topic Study/HW Resource Reference
Test of Goodness of Fit &
Pre CH 12 Independence Read Chapter 12 (T1)
During Test of Goodness of Fit &
CH 12 Independence Chapter 12 (12.1 – 12.2) (T1)
Test of Goodness of Fit &
Post CH 12 Independence Solve selected textbook problems

Contact Hour 14
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 13 (T1);
Pre CH 13 ANOVA Watch Video Recordings
During
CH 13 ANOVA Chapter 13 (13.1 – 13.2) (T1)
Post CH 13 ANOVA Solve selected textbook problems

Contact Hour 15
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 13 (T1);
Pre CH 13 ANOVA Watch Video Recordings
During
CH 131 ANOVA Chapter 13 (13.1 – 13.2) (T1)
Post CH 13 ANOVA Solve selected textbook problems

Contact Hour 16
Content
Type Reference Topic Study/HW Resource Reference
 Read Chapter 14 (T1);
Pre CH 14 Simple Linear Regression Watch Video Recordings
During Chapter 14 (14.1 – 14.7);
CH 14 Simple Linear Regression Appendix 15.2 (T1)
Post CH 14 Simple Linear Regression Solve selected textbook problems

Contact Hour 17
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 14 (T1);
Pre CH 14 Simple Linear Regression Watch Video Recordings
During Chapter 14 (14.1 – 14.7);
CH 14 Simple Linear Regression Appendix 15.2 (T1)
Post CH 14 Simple Linear Regression Solve selected textbook problems
Contact Hour 18
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 7 (T2);
Pre CH 15 An Introduction to LP Watch Video Recordings
During 15
CH An Introduction to LP Chapter 7 & Appendix 7.3 (T2)
Post CH 15 An Introduction to LP Solve selected textbook problems

Contact Hour 19
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter-8; Appendix 8.1
Sensitivity Analysis & Excel (T2)
Pre CH 16 Solver Watch Video Recordings
During 16 Sensitivity Analysis & Excel
CH Solver Chapter-8 (8.1 – 8.3) (T2)
16 Sensitivity Analysis & Excel
Post CH Solver Solve selected textbook problems

Contact Hour 20
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 17 Linear Programming Applications Read Chapter 9 (T2)
During 17
CH Linear Programming Applications Chapter 9 (9.1 – 9.3) (T2);
Post CH 17 Linear Programming Applications Solve selected textbook problems

Contact Hour 21
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 17 Linear Programming Applications Read Chapter 9 & 10 (T2)
During 17 Chapter 9 (9.1 – 9.3) & 10 (10. –
CH Linear Programming Applications 10.3) (T2);
Post CH 17 Linear Programming Applications Solve selected textbook problems

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 Online - 5% February 1 to 15, 2020
Quiz-II 5% March 1 to 15, 2020
Experiential 15% April 1 to 15, 2020
Learning
EC-2 Mid-Semester Test Closed Book 2 hours 30% Saturday, 07/03/2020 (AN)
2 PM – 4 PM
EC-1 Comprehensive Open Book 3 hours 45% Saturday, 02/05/2020 (AN)
Exam 2 PM – 5 PM

Syllabus for Mid-semester examination (Closed Book): Topics in Session Nos. 1 to 10.
Syllabus for End-semester examination (Open Book): All topics in Session Nos. 1 to 21.
Experiential Learning: There will be one assignment which will focus on Descriptive Statistics.

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 two 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.