Course Outline

Programme: PGDM (IMG)

Name of the Course: Quantitative Methods Credit: One

Term-1 Academic Year: 2016-2017

Faculty: Dr. Sumeet Kaur Office Contact No.: 497

Email: skaur@fsm.ac.in

Introduction:

Business managers in the present scenario have access to large amounts of information. A major issue is how to use the
available information to make better decisions. It is from this perspective of informed decision making that this course is
designed. The course is intended as a sound introduction to the field of business statistics covering the foundations of
statistical reasoning and statistical applications in business. The students will acquire an understanding of both
descriptive and inferential statistics. The course mainly deals with the use of statistical concepts in the resolution of
managerial decision problems, offers hands-on experience in problem solving and decision support using statistical
techniques.

Objective:

Upon successful completion of the course, students should be able to:

 Use statistical concepts and tools in business decisions

 Develop skills in structuring and analyzing business problems statistically
 Utilize computer-based statistical software to perform calculations

Text Book : Bowerman, Connell, Murphree, Business Statistics in Practice, 7th edition, McGraw-Hill

Reference Book:

1) Levin, Richard and Rubin, David, Statistics for Management, 7th edition, Pearson Education

2) Keller, Gerald, Managerial Statistics, 10th edition, Cengage Learning,2014

Pedagogy: Black board, class activity and excel software would be used for clarifying the concepts of the
students

Evaluation Component and weightage: (an indicative evaluation component break-up is attached)

Quiz : 15%
Assignment : 15%
Class Participation : 10%
Mid Term (lab / written) : 20%
End Term (lab / written) : 40%
________
Total 100 Marks
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Session Plan:

Session
No. Topic Reading

1 Introduction to statistics, Descriptive Statistics Chapter 1 to 3

Chapter 4
2 &3 Introduction to Basic Probability
Chapter 5
4 &5 Discrete Probability Distributions
Chapter 6
6&7 Continuous Probability Distributions
Chapter 7
8 Distribution of Sample Mean and Sample Proportion and Sampling Techniques

Chapter 8
9&10 Sampling and Sampling Distributions

11, 12&13 Testing hypothesis about single population parameters Chapter 9

Analyzing the differences in two means and two proportions

14 Chapter 10
Chapter 11
15 Statistical Inference for Population Variance
Chapter 12
16 Analysis of Variance
Chapter 13
17 Chi-Square Analysis
Chapter 14
18 Simple Linear Regression Analysis
Chapter 15
19 Multiple Regression and Multiple Modelling
Chapter 16
20 Time Series Forecasting