Course name Course code Semester Lecturer/email address Time Day of the week

Introduction to Business Statistics BMA 2210 II 8:00-11:00 p.m Tuesday 8:00-11:00 a.m

1. Course Objectives The main objective of this course is to introduce students to the role of basic statistical concepts in business and the practical applications and interpretations of statistics in the business world. 2. Course Description: This course will help students understand practical applications and interpretations of statistics in the business world. Topics covered include introduction to descriptive statistics; tabular and graphical methods; frequency and relative frequency distributions; bar graphs; pie charts; histograms. Descriptive statistics: numerical methods; mode, median, mean, central tendency, variation, interquartile range, variance, standard deviation. Review of probability; collecting data, summarizing and exploring data, sampling distributions of statistics, basic concepts of inference. 3. Learning Outcomes: Upon successful completion of this course, the student should be able to: Explain the importance of statistics and probability theory for effective decision making. Analyze and interpret numerical data. Demonstrate how to present findings clearly, comprehensively and coherently using charts and graphs. Generate and interpret measures of central tendency and dispersion. Explain the basics of probability theory and its role in decision making. Demonstrate how to apply the tools of statistical analysis to real business issues and problems.

4. Detailed Course content Week 1 Discussion topics Introduction to statistics Definition Types of statistics ; descriptive and inferential Reading guide Chakravarty, S. K. (2011). Business Statistics. 1st edition. New Age International (P) Ltd publishers, New

 Levels of measurement Users and uses of statistics 2 &3 Data collection,organization and presentation Types of data Data collection tools and techniques Frequency distribution Bar graphs, pie charts, Histograms, frequency polygon and curves. Measures of central tendency Arithmetic mean Median Mode Geometric mean Harmonic mean Measures of dispersion Range Quartile Deviations Mean Deviations Standard Deviation Coefficient of variation Probability Theory Terms used in probability Approaches to Assigning Probability Rules for Computing Probabilities Continuous assessment test Probability Theory Conditional and joint probabilities Bayes theorem Sampling Reasons for sampling Sampling techniques Sampling distributions

Delhi.

Anderson, R. D et al (2009). Statistics for Business and Economics. Seng Lee Press, Singapore.

Blumann G, Alllan ( 2008). Elemetary Statistics: A step by Step approach. 4th edition. Mcgraw Hill, New york. Chakravarty, S. K. (2011). Business Statistics. 1st edition. New Age International (P) Ltd publishers, New Delhi. Anderson, R. D et al (2009). Statistics for Business and Economics. Seng Lee Press, Singapore. CAT 1

7 8

Blumann G, Alllan ( 2008). Elemetary Statistics: A step by Step approach. 4th edition. Mcgraw Hill, New york. CAT 2 Anderson D. R. (2005) Statistics for business and economics. 9th Ed.

10 11 & 12

Continuous assessment test Basic concepts of statistical inference Estimation theory

 Hypothesis testing

Cincinnati : South-West College Publishing Co., ISBN 0-324-20083-8 End of Semester Exams End of Semester Exams

13 14 15

Self Study & revision Revision & Exams Revision & Exams 5. Teaching methodology Lectures Class Discussion Presentations 6. Course text and Further Reading

Course Text Anderson D. R. (2005) Statistics for business and economics. 9th Ed. Cincinnati : South-West College Publishing Co., ISBN 0-324-20083-8 Further reading Anderson, R. D et al (2009). Statistics for Business and Economics. Seng Lee Press, Singapore. Blumann G, Alllan ( 2008). Elemetary Statistics: A step by Step approach. 4th edition. Mcgraw Hill, New york. Chakravarty, S. K. (2011). Business Statistics. 1st edition. New Age International (P) Ltd publishers, New Delhi. Doanne P, D and Servand, E.L. (2008). Applied statistics in Business and Economics. Tata McGraw hill, New Delhi. Francis, A. (2006). Business Mathematics and Statistics. 6th edition. Thompson learning, U.S.A. Lind, A. D et al. (2008). Statistical Techniques in Business and Economics. 13th edition. Tata Mcgraw Hill, New Delhi. Newbold, P et al. (2003). Statistics for Business and Economics. 5th Edition. Prentice Hall , U.S.A. 7. a) b) c) Course evaluation Mid-Semester examination 20% Assignments 10% Final Examination 70%

8. Ground rules a. Late assignments will not be accepted. b. Students must achieve 80% class attendance. c. Group work must be completed in time as required. d. Students must switch off their mobile phones while in class.\