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63 views2 pages

29 SyllabusMaster 29

DOC

Uploaded by

cumbasanjay
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1st Semester

S.
Course Code Course Title Course Type Credit Week
N

4 24ONMBT621 Decision Science Prog. Core 4 12

PRE-REQUISITE Basic of Mathematics & Statistics & statistical Calculations

a. Course Description

This course begins with basics of Statistics. It further elaborates various sources of data, depiction
of data and applicability of the measure of the central tendencies and dispersion. Later on the
course emphasizes on the knowledge and applications of the correlation, regression and time series
data in real time situations. Finally, the learners got a chance to acquaint themselves with the basics
of Hypothesis Testing and applications thereof.

b. Course Objectives

1. The objective of this course is to acquaint the learners with various statistical tools and
techniques used in business decision making.
2. The course aims at providing fundamental knowledge and exposure to the learners to use
various statistical methods in order to understand, analyze and interpret data for decision
making.
3. The course has universal utility in terms of making learners future ready for corporate jobs
and entrepreneurial ventures.

c. Course Outcomes
The learners will be able:
CO1 To understand the various concepts of descriptive and inferential statistics.
CO2 To apply the concepts studied in solving academic and industry problems.
CO3 To analyze the different situations and develop ability to take a well informed decision.
CO4 To justify the decisions performed with sound reasoning and logical bent of mind.
CO5 To develop the forecasting models based on historical data available on a variety of
components.
d. Syllabus

Module-1
Basics of Statistics Meaning, scope, importance and limitations, applications of inferential
statistics in managerial decision-making.

Data Collection Source of data, collection, classification, tabulation, depiction of data.


Sources
Descriptive Arithmetic, weighted, geometric mean, median and mode, range, quartile
Statistics Methods deviation, mean deviation, standard deviation, coefficient of variation,
skewness and kurtosis.

Module-2
Correlation Significance, types, methods of correlation analysis: scatter diagrams,
Analysis graphic method, Karl Pearson’s correlation co-efficient, rank correlation
coefficient, properties of correlation, concept and problems related to
partial correlation.
Regression Analysis Meaning, application of regression analysis, difference between
correlation & regression analysis, regression lines, standard error and
regression coefficients, introduction to multiple regression.
Time series analysis Meaning, components and various methods of time series analysis.

Applications of Time series in business decision-making problems,


Methods to measure secular trend.
Module-3
Types of Analysis Introduction to Uni-variate, Bi-Variate & Multi-Variate Analysis of
data and its applications
Basics of Introduction to Hypothesis and its types, Type 1 & 2 Error, Level of
Hypothesis Testing significance, Acceptance & Rejection Region, Procedure of Hypothesis
Testing.
Applications of Small Sample t-test (single & two samples for mean), Z-Test (single &
Hypothesis Testing two samples for mean), chi-square (goodness of fit & association of
attributes), One Way & Two Way Anova.

e. Text & Reference Books


1. T R Jain & S C Aggarwal, Statistics for MBA, VK Publications, ISBN 818961133X,
9788189611330
2. Levine, D., Sazbat, K. and Stephan, D. 2013. Business Statistics, 7 thEdition, Pearson
Education, India, ISBN: 9780132807265.
3. Gupta, C. and Gupta, V. 2004. An Introduction to Statistical Methods, 23rdEdition,
Vikas Publications, India, ISBN: 9788125916543.
4. Croucher, J. 2011. Statistics: Making Business Decisions, 13thEdition, Tata McGraw
Hill, ISBN: 9780074710419.
5. Gupta, S. 2011. Statistical Methods, 4thEdition, Sultan Chand & Sons, ISBN:
8180548627.

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