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GBS541 Course Outline

This document provides information about the Quantitative Methods course GBS 541 offered in Semester 2 of 2023 at the University of Lusaka. The course is offered at the postgraduate level at the Pioneer Campus and will require up to 10 hours of contact time per week. It aims to provide students with statistical skills for data analysis and is assessed through coursework and a final exam. Key topics covered include organizing and displaying data, probability, sampling, hypothesis testing, regression, and time series analysis.

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146 views7 pages

GBS541 Course Outline

This document provides information about the Quantitative Methods course GBS 541 offered in Semester 2 of 2023 at the University of Lusaka. The course is offered at the postgraduate level at the Pioneer Campus and will require up to 10 hours of contact time per week. It aims to provide students with statistical skills for data analysis and is assessed through coursework and a final exam. Key topics covered include organizing and displaying data, probability, sampling, hypothesis testing, regression, and time series analysis.

Uploaded by

mbagen24126971
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Course Code : GBS 541

Course Name : Quantitative Methods


School : School of Postgraduate Studies
Semester : Semester 2 – 2023
Level : Postgraduate
Location : Pioneer Campus
Contact Times : Up to 10 hours per week

DEAN OF THE SCHOOL HEAD OF THE DEPARTMENT COURSE LECTURER


(HOD)

Name: Prof Mlenga Jere Name: Dr. Yasmin Muchindu Name: Dr. Hope Sabao
Mobile: +260954000000 Mobile: +260977000000 Mobile: +260963098093
Email: [email protected] Email: [email protected] Email:
[email protected]
Office Hours for Queries:
14:00HRS to 16:00HRS
Monday to Wednesday
COURSE DESCRIPTION

This course is designed to provide an introduction to statistical methods useful for analyzing data,
with specific application to problems of business and economics. The methods examined,
however, have general application to a wide range of data analysis

Course Rationale

To function well in the workplace or global society in which data is being generated on a daily
basis for decision-making, an appreciable amount of skill in handling the data is required. This
course introduces students to statistical concepts and nomenclature applied in data collection,
analysis and interpretation. Students will be exposed to the fundamental statistical techniques in
estimation, hypothesis testing and analysis of variance.

Course aim

The course aims at providing students with the skills needed to analyze any kind of data.

Course Objectives

 Apply sampling methods to collect data, summarize, describe and interpret data using
various graphical methods.

 Find point estimates and confidence intervals for population means, proportions and
variances.

 Carry out hypothesis tests concerning population means, proportions and variances.

 Fit a simple linear regression given data of a response variable and predictor factor.

 Apply correlation analysis to determine the strength of linear association between two
random variables.

Learning outcomes

At the successful completion of this course, students will be able to:

 Summarize data into tables and graphs and interpret the results.
 Obtain a representative sample from any given population.

 know how to use methods for estimation and forecasting

 Use statistics to think critically about real world issues.

COURSE CONTENTS

Unit 1: Methods of organizing and displaying data

1.1. Frequency tables


1.2. Bar Charts
1.3. Histograms
1.4. Pie Charts
Unit 2: Descriptive Measures

2.1. Measures of central tendency


2.2. Measures of variability
2.3. Applications of the standard deviation
Unit 3: Probability

3.1. Statistical experiment


3.2 Nature of probability
3.3 Addition rules, multiplication rules, mutually exclusive events and independent events,
Bayes Theorem with applications
Unit 4: Probability Distributions
4.1. Random Variables
4.2. Probability distribution of a discrete random variable
4.3. The Binomial distribution
4.4. Probability density functions
4.5. The normal distribution
Unit 5: Sampling and Sampling Distributions

5.1. Purpose of sampling


52. Sampling methods (Simple random sampling, cluster sampling, systematic sampling and
stratified sampling)
5.3. Sampling distribution of the mean
5.4. The central limit theorem (CLT)
5.5. Sampling distribution of the proportion
Unit 6: Estimation

6.1. Point estimates and interval estimates


6.2. Estimation of the mean when the population standard deviation is known.
6.3. The t-distribution
6.3. Estimation of the mean when the population standard deviation is not known.
6.4. Determining the sample size for the estimation of mean.
6.5. Estimation of the population proportion.
6.6. Determining the sample size for the estimation of proportion.
Unit 7: Hypothesis Tests about the Mean and Proportion.

7.1. The general test procedure.


7.2. Rejection and non-rejection regions.
7.3. Types of errors.
7.4. Hypothesis tests about µ when δ is known.
7.5. The p-value approach.
7.6. The critical value approach.
7.7. Hypothesis tests about µ when δ is not known.
7.8. Hypothesis tests about a population proportion.
7.9. Estimation and hypothesis testing-two populations.
Unit 8: Analysis of Variance

8.1. The F-distribution

8.2. One way analysis of variance (ANOVA)

8.3. Assumptions of one-way (ANOVA)

8.4. One way ANOVA test

8.5. Applications

Unit 9: Simple Linear Regression

9.1. Simple regression

9.2. Linear regression

9.3. Scatter Diagram

9.4. Least squares regression line

9.5. Assumptions of the regression model

9.6. Standard deviation of errors and coefficient of determination

9.7. Linear correlation

9.8. Hypothesis testing about the linear correlation coefficient

9.9 Using the regression model.

Unit 10: Time Series

10.1. Components of time series

10.2. Isolating time series components

10.3. Applications
Mode of delivery

GBS 541 will be delivered through combination of lectures and tutorials.

Assessment and Grading

The Course will be assessed through coursework and final examinations. The coursework will
carry 30 percent, while final University examination will carry 70 percent. The coursework marks
(Continuous Assessment (CA)) will be distributed as follows:

Assignment : 10 marks, Test: 20 marks, CA Total = 30 marks


Final Examination : 70 marks
Final Total : 100%

Grading Scheme:
Percentage Literal Points Description
75 - 100 A 4.0 Distinction
70 - 74 B+ 3.5 Meritorious
60 - 69 B 3.0 Very Satisfactory
56 - 59 C+ 2.5 Definite Pass
50 - 55 C 2.0 Bare Pass
40 - 49 D 0 Bare Fail
0 - 39% F - Fail
S - - Pass in a Practical/Oral/Industrial Attachment/
Supplementary Examination/Redemption Test or
Assignment
NE - - No Examination Taken
WP - - Withdraw with Permission

Required Readings

Prem S. Mann (1995). Introductory statistics, Wiley edition.

Andre F. (2014). Business Mathematics and Statistics, Sixth Edition, Andover, United Kingdom.

Recommended Readings

Moore D.S. and McCabe G. P., (2006) Introduction to the practice of Statistics, 5th Ed. New York:
W.H. Freeman and Company.

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