Jaypee Business School

A Constituent of Jaypee Institute of Information Technology University A-10, Sector 62 NOIDA, 201 307 India

M1CGM02: Business Statistics MBA-Trimester I Course outline

The course outline is a dynamic document. Hence, the learning facilitator may change the document, if needed, in order to enhance the learning output and the class environment but will communicate the changes in the class and in advance.

Course Credit: Learning Facilitator: Target learners: Learning Days: Learning time: Learning Rooms: Faculty Office: Meeting Time: Phone: Email ID: Adopted Text References:

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Dr. Moonis Shakeel MBA (2011-13 Batch), Trimester-I As per time schedule As per time schedule As per time schedule Arya Bhatt Bhawan II, Third Floor By appointment 0120 - 2400974 Ext 482 moonis.shakeel@jiit.ac.in Statistics for Management, Srivastava and Rego,Tata McGraw-Hill, New Delhi. Levine, Stephan, Krehbiel, Berenson, Statistics for Managers, 5e, Prentice Hall of India. Levin Richard I. and David S. Rubin, Statistics for Management, 7e, Pearson Education Limited. Aczel Amir D and Jayavel Sounderpandian, Complete Business Statistics, 6e, The McGraw Hill Publishing Company Limited. Keller Gerald, Statistics for Management and Economics, 7e, Thomson Leaning, Indian Print.

Business Statistics: An Introduction

Managers in all types of business organizations - private or public sector, manufacturing or service - need to make decisions on how the organization's resources should be used in the best manner. In this age of information and technology, and the era of increasing integration of economies, where geographical boundaries are becoming meaningless for trade and business, winning firms and managers will be those who are in synchronization with the fast changing business dynamics. The business managers have to constantly analyze the existing situation, determine the objectives, seek alternatives, implement, coordinate, control and evaluate their decisions. The common thread of these activities is the capability to collect and analyse the data scientifically and cost effectively, interpret them properly and apply them effectively and even periodically revise their business goals. In this context, this course aims to develop quantitative thinking of the students with a foundation of basic quantitative tools/techniques of statistics which are necessary for better decision making and to be of long lasting value throughout their career irrespective of the management field that they choose.

Learning Objectives:
The learning objectives of this course are as follows: To understand data, data types, measurement and its importance in decision making. To develop quantitative thinking in terms of collecting, organizing and presenting relevant data. To learn some of the commonly used statistical tools/ techniques used in decisionmaking. To develop the ability to assess the real life situation and identify the appropriate statistical tools/ techniques. To learn application and interpretation of statistical tools/ techniques through computer software (MS-Excel).

Learning tools:
The course will involve a healthy balance of classroom discussion, problem solving, and cases with the help of following learning tools. Textbook Readings and Exercises Power-point inputs lecture Review and reinforcement Case discussion

Assessment Details
Class Quizzes (10%) Students would be evaluated on their understanding of the concepts discussed in the class, and the applications in real world. They would be quizzes/exercises to solve during tutorials and submit the same for evaluation. Case Analysis (10%) They would be given case studies/research papers to analyze/study and submit the individual assignments based on them for evaluation.
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Lab Assignments (10%) Students will be assessed for their understanding of concepts and use of MS Excel to solve real life research problems. They will be required to do these assignments individually and submit the same for evaluation. Mid-Term Test - Multiple Choice & Descriptive (30%) Mid-Term Test-1 will be based on class discussion, lectures, power points, assigned readings and chapters in the textbook. This will be a closed book test based on application based multiple choice questions and descriptive questions. No class notes, textbook or help-sheets should be in your possession or accessed illegally during the test. Any violation will result in disciplinary action. End-Term Test (40%) End-Term Test will be at the end of the trimester and will cover the entire course. This will also be a closed book test based on conceptual and application based real life questions/ problem(s)/ Case(s). No class notes, textbook or help-sheets should be in your possession or accessed illegally during the test. Any violation will result in disciplinary action.

Course Contents
Module 1: Introduction, Data Measurement, organization and presentation

Sessions: 1-2 Objectives:

Understand statistics, its classification and applications Knowing level of data and its significance To know the techniques of organizing and presenting data

Topics:
Statistics in business, basic statistical concepts, Data measurement Frequency distributions, pictorial presentation of data Readings: Chapter 2 and Chapter 3

Exercises: Case(s):

1 & 2 on page no. 2.11 & 2.12 Case 3.1 on page no. 3.25

Module 2: Numerical Descriptive Statistics

Sessions: 3-4 Objectives:

Understand measures of central tendency and variability Knowing measures of shapes and association Computation of descriptive statistical tools with MS-Excel and its interpretation Measures of Location Measures of Dispersion
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Topics:

Measures of Shape Readings: Chapter 4

Exercises: Case(s):

3 on page no. 4.73 Case 4.1 on page no. 4.63

Module 3: Probability and Probability Distributions

Sessions: 5-8 Objectives:

Understand meaning and principles of probability Comprehend the different ways of assigning probability To know and use the laws of probability for problem solving

Topics:
Introduction, Methods of Assigning and Structure of Probability Laws of Probability Probability Distribution: Binomial, Poisson , Normal Readings: Chapter 5, Chapter 7

Exercises: Case(s):

3, 4, 6 on page no. 5.56 & 5.57 Case 5.1 on page no. 5.53, Case 7.1 on page no. 7.82

Module 4: Sampling & Sampling Distributions

Sessions: 9-10 Objectives:

To know the difference between sampling and census To understand various sampling techniques and its application Understand and use the sampling distribution of mean and s.d.

Topics:
Reasons for sampling or census Non-Probability and Probability sampling techniques and their applications Sampling distribution of mean and s.d. and its use. Readings: Chapter 6

Case(s):

Case 6.2 on page no. 6.19

Module 5: Hypothesis Testing

Sessions: 11-16 Objectives:

Understand the logic of hypothesis testing and know how to establish null and alternative hypotheses Know the steps in hypothesis testing To know the difference between parametric and non-parametric tests
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To know and use various parametric and non-parametric tests

Topics:
Hypothesis, type and process of hypothesis testing Parametric Tests Non Parametric Tests Readings: Chapter 10, Chapter 11, Chapter 12

Case(s): Sessions: 17-18 Objectives:

Case 10.1 on page no. 10.112, Case 11.1 on page no. 11.30

Module 6: Correlation and Regression

To understand meaning and use of correlation and regression analysis To know and use Simple linear regression model, its coefficient and testing To know and use Multiple linear regression model and its testing

Topics:
Meaning, concept and types of correlation regression analysis Best fit Line, linear regression analysis and its Interpretation Readings: Chapter 8

Case(s):

Case 8.1 on page no. 8.64

Module 7: Index Numbers

Sessions: 19-20 Objectives:

To know importance and methods of index numbers To know and use some basic methods of index numbers To know the methods of computing index numbers

Topics:
Meaning, importance and methods of index numbers Price, Quantity and Value Relatives Index Numbers Readings: Chapter 17

Exercises:

1, 2, 3 on page no. 17.28 & 17.29