Course Plan

KO1 BUS3

Business Statistics

Ms. L.Rama
Mr. Anand Sasikumar
Ms. Smitha Ramachandran

Term I

(September-09 to December-09)

Programme: Post Graduate Diploma in Management (PGDM)

SCMS - COCHIN
 Table of Contents

1. COURSE PROFILE:...................................................................................3
2. COURSE (OVERALL) OBJECTIVE/S: ........................................................3
3. COURSE OUTLINE (SYLLABUS)................................................................3
3
4. COURSEWARE:.........................................................................................4
5. COURSE IMPLEMENTATION: PEDAGOGY & EVALUATION APPROACH .....4
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4
5
5
6
6
6
7
8
6. THE INTERNAL ASSESSMENT ..............................................................8
7. MILESTONES / IMPORTANT DATES .......................................................8
8. SESSION PLAN .......................................................................................9
9. MID TERM EXAMINATION COVERAGE AND QP PATTERN......................10
10. END TERM EXAMINATION COVERAGE AND QP PATTERN ..................10

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1. Course Profile:
Course Title Business Statistics

Number KO1 BUS3

Programme Post Graduate Diploma in Management
(PGDM)
Total Credits 3
Total Number of Sessions 25
Session Duration 1 hr 15 mins
Faculty/course facilitator Ms. L.Rama/Mr. Anand Sasikumar/
Ms. Smitha Ramachandran

2. Course (overall) Objective/s:

A. To familiarize the concepts of statistics and their applications in Business

B. To analyze quantitatively to interpret the existing situation or problem
C. To look for the various alternative solutions to problems
D. To select the best alternative as a course of action

3. Course Outline (Syllabus)

Module Weight- Description

no age (list the topics covered in the course under each module)

1 15 % Importance of Decision making in Management. Quantitative techniques and

their field of application in management, Presentation of data -graphs and
charts, frequency distributions.
2 20% Measures of central tendency, Measures of position, Measures of dispersion
3 20% Correlation & Regression Analysis: An Introduction: Scatter diagram,
Estimation using Regression Line, Coefficient of determination & Coefficient
of Correlation, Single & multiple regression.

4 Timeseries&Forecasting,SeasonalVariation,cyclicalVariation,Seasonal,
20% Irregular Variation, Trend Analysis, Problems involving all four components
of a time series
3
 5 12.5 % Permutations and combinations, Introduction to Probability, Marginal,
Conditional & Joint Probability, Bayes Theorem, Decision Tree
6 12.5% Probability Distributions: Binomial Distributions, Poisson, Normal
Distributions
Total 100%

4. Courseware:
Book/Journal/ Author Year/ Edition/ Publisher
Article/case studies Volume
Title
Statistics for Richard I.Levin,David Seventh Edition Eastern Economy
Management S.Rubin Edition
Business Statistics RS Bhardwaj Excel Books
Business Statistics Dr .JS Chandan, Prof.Jagit Second Edition Vikas Publishing House
Singh, KK Khanna

5. Course implementation: Pedagogy & Evaluation Approach

5.1 Module 1:

Module name Introduction to Statistics

Sessions 1-3

Weightage 15%

5.1.1 Learning objective

A) To understand the importance of decision making in management

B) To analyze Business data and present then in graphical and meaningful form
C) To draw inferences from such data and take optimal Business decisions.

5.12 Pre requisite

Students are expected to know basic mathematics and fundamentals of statistics.

5.1.3. Pedagogy / Structure of lessons

The session involves the combinations of lecture, discussion and application problems.

5.1.4. Courseware of the module:

Text book & chapter references Richard I.Levin-Chapters-1,2,

RS Bhardwaj – Chapters-7,8

5.1.5. Evaluation for the module

(List as applicable) Weightage Topic No and/ or specification

Importance of Decision making in Management.
Quantitative techniques and their field of
Assignment 15% application in management, Presentation of data
-graphs and charts, frequency distributions.

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5.2 Module 2:

Module name Measures of central tendency, dispersions and

positions in frequency distributions
Sessions 4-9

Weightage 20%

5.2.1 Learning objective

A) Define and compute the various measures of central tendency

B) Understand the concept, define and compute the different measures of dispersion
C) To know the importance of various measures of position

5.2.2 Pre requisite

Students are expected to know basic mathematics, fundamentals of statistics, and concepts of
mean, median and mode.

5.2.3 Pedagogy / Structure of lessons

The session includes lectures and problems involving changes in a set of parameters that can affect
the other set of parameters, which result in changes in decision making.

5.2.4 Courseware of the module:

Text book & chapter references Richard I. Levin-Chapter 3

RS Bhardwaj-Chapters 9,10

5.2.5 Evaluation for the module

(List as applicable) Weightage Topic No and/ or specification

Measures of central tendency
Test 20% Measures of dispersion
Measures of Position

5.3 Module 3

Module name Correlation and Regression Analysis

Sessions 10-15
Weightage 20%

5.3.1 Learning objective

A) To learn how many decisions depend on knowing the specific relationships between two or
more variables
B) To use Scatter diagrams to visualize the relationships between two variables
C) To use regression analysis to estimate the relationship between two variables
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 D) To learn how correlation analysis describes the degree in which two variables are linearly
related to each other
E) To understand the coeifficient of determination as a measure of the strength and relationship
between two variables

5.3.2 Pre requisite

Students are expected to know linear relations between two variables and graphical representation
of the same.

5.3.3 Pedagogy / Structure of lessons

The session includes lecture, discussion and problem solving

5.3.4. Courseware of the module:

Text book & chapter references Statistics for Management Levin –Chapters 12,13
RS Bhardwaj- Chapters 12,13

5.3.5 Evaluation for the module

(List as applicable) Weightage Topic No and/ or specification

Regression Analysis
Assignment 20% Scatter Diagram
Correlation Analysis

5.4 Module 4

Module name Forecasting Techniques

Sessions 16-18

Weightage 20%

5.4.1 Learning objective

A) To learn why forecasting changes takes place over a time are an important part of decision
making
B To understand the four components of a time series
C) To use regression based techniques to estimate and forecast the trend in a time series
D) To learn how to measure the cyclical component of a time series
E) To deal simultaneously with all four components of a time series analysis for forecasting

5.4.2 Pre requisite

Students are expected to know basic mathematical theory of equations and relationship between
dependent and independent variables

5.4.3 Pedagogy / Structure of lessons

The session involves the lectures and problems (treated as case studies) for forecasting future
events based on mathematical techniques, which are crucial in decision making
.
5.4. 4. Courseware of the module:

Text book & chapter references Richard I.Levin-Chapter-15

RS Bhardwaj– Chapter-15

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Case study

5.4.5 Evaluation for the module

(List as applicable) Weightage Topic No and/ or specification

Test 20% Introduction, variations in time series,
Trend Analysis/Seasonal, Irregular
variations problems involving time series
and forecasting
Problems Involving all four components of
a time series

5.5 Module 5

Module name Probability

Sessions 19-21

Weightage 12.5%

5.5.1 Learning objective

A) To examine the use of probability theory in decision making

B) To explain the different ways probabilities arise
C) To develop the rules for calculating different kinds of probabilities
D) To understand the concept of probability used in Bayes Theorem and their use in decision making

5.5.2 Pre requisite

Students are expected to know the fundamentals of probability, permutation and combinations.

5.5.3. Pedagogy / Structure of lessons

The session involves lectures and the use of different theories of probability in decision
making

5.5.4 Courseware of the module:

Text book & chapter references Richard I. Levin-Chapters- 4,5

S.C Gupta – Chapter-17.19

5.5.5. Evaluation for the module

(List as applicable) Weightag Topic No and/ or specification

e
Assignment 12.5% Decision Tree

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5.6 Module 6

Module name Probability Distributions

Sessions 22-25

Weightage 12.5%

5.6.1 Learning objective

A) To examine the use of probability theory in decision making

B) To explain the different ways probabilities arise
C) To develop the rules for calculating different kinds of probabilities
D) To understand the concept of probability used in Bayes Theorem and their use in decision making

5.6.2 Pre requisite

Students are expected to know the fundamentals of probability, permutation and combinations.

5.6.3. Pedagogy / Structure of lessons

The session involves lectures and the use of different theories of probability in decision
making

5.6.4 Courseware of the module:

Text book & chapter references Richard I. Levin-Chapters- 4,5

S.C Gupta – Chapter-17.19

Case study

5.6.5. Evaluation for the module

(List as applicable) Weightage Topic No and/ or specification

Assignment 12.5% Probability Distributions

6. The internal assessment

The internal assessment shall be based on the following Evaluation Criteria

Criteria Maximum Marks

Assignment – 4 No’s * 5 20
Mid Term Exam 20
Class Test – 2 No’s * 15 30
Total 70

7. Milestones / Important Dates

Sl. No. Assignment / Class Test / Project/ Tentative Date/ SESSION

Presentation etc.

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 1 Assignment 1 After completion of 1 module

2 Class Test 1 After completion of 2 module

3 Assignment 2 After completion of 3 module

3 Mid term After completion of 3 modules

4 Class test 2 After completion of 4 modules

5 Assignment 3 After completion of 5 modules

6 Assignment 4 After completion of 6 modules

8. Session Plan

Module Session Topics Reading reference / Assignments/

Assignment Activities
(Preparatory. Work) (for evaluation)

I 1 Importance of Decision Richard I.Levin-Chapters-

making in Management. 1,2,
RS Bhardwaj – Chapters-
7,8
2 Quantitative techniques Richard I.Levin-Chapters-
and their field of 1,2,
application in RS Bhardwaj – Chapters-
management 7,8
3 Presentation of data Richard I.Levin-Chapters- Assignment
-graphs and charts, 1,2,
frequency distributions RS Bhardwaj – Chapters-
7,8
II 4 Measures of central Richard I. Levin, RS
tendency Bhardwaj-Chapters 9,10
5 Measures of central Richard I. Levin, RS
tendency Bhardwaj-Chapters 9,10
6 Measures of position Richard I. Levin, RS
Bhardwaj-Chapters 9,10
7 Measures of position Richard I. Levin, RS
Bhardwaj-Chapters 9,10
8 Measures of dispersion Richard I. Levin, RS
Bhardwaj-Chapters 9,10
9 Measures of dispersion Richard I. Levin, RS Test
Bhardwaj-Chapters 9,10
III 10 Correlation: An Levin –Chapters 12,13
Introduction, Scatter RS Bhardwaj- Chapters
diagram 12,13
11 Coefficient of Correlation Levin –Chapters 12,13
RS Bhardwaj- Chapters
12,13
12 Rank Correlation Levin –Chapters 12,13
RS Bhardwaj- Chapters
12,13
13 Linear Regression Levin –Chapters 12,13
Analysis: Introduction RS Bhardwaj- Chapters
12,13

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 14 Lines of Regression Levin –Chapters 12,13
RS Bhardwaj- Chapters
12,13
15 Multiple regression Statistics for Management Assignment
Levin –Chapters 12,13
RS Bhardwaj- Chapters
12,13
IV 16 Time-series & Forecasting Richard I.Levin-Chapter-15
: Introduction RS Bhardwaj– Chapter-15

17 Measurement of Trend- Richard I.Levin-Chapter-15

Graphic, Method of Semi- RS Bhardwaj– Chapter-15
Averages, Moving
Averages
18 Method of curve fitting by Richard I.Levin-Chapter-15
the principles of least RS Bhardwaj– Chapter-15
squares
V 19 Permutations and Richard I. Levin-Chapters-
combinations: Basics 4,5
concepts and probability S.C Gupta – Chapter-17.19

20 Marginal, Conditional & Richard I. Levin-Chapters-

Joint Probability 4,5
S.C Gupta – Chapter-17.19

21 Bayes Theorem, Richard I. Levin-Chapters- Assignment

Decision 4,5
S.C Gupta – Chapter-17.19

VI 22 Binomial Distributions Richard I. Levin-Chapters-

4,5
S.C Gupta – Chapter-17.19

23 Poisson Richard I. Levin-Chapters-

4,5
S.C Gupta – Chapter-17.19

24 Normal Distributions Richard I. Levin-Chapters-

4,5
S.C Gupta – Chapter-17.19

25 Normal Distributions Richard I. Levin-Chapters- Assignment

4,5
S.C Gupta – Chapter-17.19

9. Mid Term Examination Coverage and QP pattern

Section A Theory/problem 5*2 = 10 Marks

Section B Theory/Problem 3*4=12 Marks

Section C Application Problem/Case study 1* 8 = 8 Marks

10. End Term Examination Coverage and QP pattern

The end term examination shall be for 3 hours and shall cover all the topics that are envisaged in
this plan and the pattern will be as follows:

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Section A Theory/problem 5*2 = 10 Marks

Section B Theory/problem 7*5 =35 Marks

Section C Application Problem /Case Study 2* 7.5 =15 Marks

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