Statistics
Statistics
SYLLABUS:
UNIT DETAILS HOURS
INTRODUCTION: Basic definitions and rules for probability, conditional
probability independence of events, Baye‘s theorem, and random variables,
I 9
Probability distributions: Binomial, Poisson, Uniform and Normal
distributions.
SAMPLING DISTRIBUTION AND ESTIMATION: Introduction to
sampling distributions, sampling distribution of mean and proportion,
II application of central limit theorem, sampling techniques. Estimation: Point 9
and Interval estimates for population parameters of large sample and small
samples, determining the sample size.
TESTING OF HYPOTHESIS - PARAMETIRC TESTS: Hypothesis testing: one
sample and two sample tests for means and proportions of large samples
III 9
(ztest), one sample and two sample tests for means of small samples (t-test),
F-test for two sample standard deviations. ANOVA one and two way
NON-PARAMETRIC TESTS: Chi-square test for single sample standard
deviation. Chi-square tests for independence of attributes and goodness of fit.
IV Sign test for paired data. Rank sum test. Kolmogorov-Smirnov – test for 9
goodness of fit, comparing two populations. Mann – Whitney U test and
Kruskal Wallis test. One sample run test.
CORRELATION AND REGRESSION: Correlation – Coefficient of Determination
V – Rank Correlation – Regression – Estimation of Regression line – Method of 9
Least Squares – Standard Error of estimate. .
TOTAL HOURS 45
TEXT/REFERENCE BOOKS:
COURSE OBJECTIVES:
(Approved by AICTE and Affiliated to Anna University, Chennai)
27, Thayanur, Trichy – 620009
CO1.1 To develop the students ability to deal with numerical and quantitative issues in business .
CO1.2 To enable the use of statistical, graphical and algebraic techniques wherever relevant.
CO1.3 To have a proper understanding of Statistical applications in Economics and Management.
CO1.4 Providing basic knowledge to conduct basic statistical analysis of data.
CO1.5 Use probability models for business applications and analyze environments with uncertainty.
COURSE OUTCOMES:
PO
S.NO. DESCRIPTION
MAPPING
C102.1 Facilitate objective solutions in business decision making under subjective conditions. 2,6
1 Business Analytics
2 Business Intelligence
2 https://www.healthknowledge.org.uk/public-health-textbook/research-methods/1b-statistical-methods/
parametric-nonparametric-tests
3 https://www.analyticsvidhya.com/blog/2021/06/hypothesis-testing-parametric-and-non-parametric-tests-
in-statistics/
4 https://www.cuemath.com/data/z-test/
5 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC374386/#:~:text=The%20most%20commonly%20used
%20techniques,the%20form%20of%20an%20equation.
6 https://www.g2.com/articles/correlation-vs-regression
7 https://www.investopedia.com/terms/p/poisson-distribution.asp
DELIVERY/INSTRUCTIONAL METHODOLOGIES:
(Approved by AICTE and Affiliated to Anna University, Chennai)
27, Thayanur, Trichy – 620009
✔ CHALK & TALK ✔ STUD. ASSIGNMENT ✔ WEB RESOURCES
ASSESSMENT METHODOLOGIES-DIRECT
✔ ASSIGNMENTS ✔ STUD. SEMINARS ✔ TESTS/MODEL ✔ UNIV.
EXAMS EXAMINATION
✔ STUD. VIVA ✔
☐ SURVEYS ☐ CERTIFICATIONS
MINI/MAJOR
PROJECTS
☐ ADD-ON COURSES ☐ OTHERS
ASSESSMENT METHODOLOGIES-INDIRECT
✔ ASSESSMENT OF COURSE OUTCOMES (BY ✔ STUDENT FEEDBACK ON FACULTY
FEEDBACK, ONCE) (TWICE)
✔ ASSESSMENT OF MINI/MAJOR PROJECTS BY
EXT. EXPERTS
Prepared by Approved by
Faculty Incharge (HOD)