UG Spring 2020

Quantitative Techniques in Business-II

Name of the Instructor: Surya Sarathi Majumdar

Telephone Ext. No./Mobile Phone No. /0091 9831918230

E-mail ID: surya.majumdar@snu.edu.in

Office Location: C214-B

SHIV NADAR UNIVERSITY

Subject Title Quantitative Techniques in Business-II

Subject Code DOM105

Credit Value 3 (L:T:P – 3:0:0)

Levels Under-Graduate

Total Teaching Contact 45

Hours

Prerequisites None

Objective 1) Teach how to calculate the probability of certain outcomes based

Subject Learning Outcomes
on prior data.
2) Impart knowledge on how to present and manipulate statistical
data and draw inferences from same.
3) Teach methods to test statistical data for existing patterns.
4) To use inferences drawn from data to predict future results.
5) To learn how to make optimal decisions in given conditions
a) Learn how to present data using various charts and graphs
(Objective 2)
b) Learn about ways of measuring statistical data such as mean,
median, mode, deviation and variance, (objective 2)
c) Learn about how to take samples, form estimates, and test for
hypotheses regarding the data (objectives 2 and 3)
d) Analyzing the variance in existing data (objectives 2 and 3)
e) How to predict outcomes by drawing simple or multiple
regression lines on existing data (objectives 3 and 4)

Subject Synopsis/ Indicative
Syllabus
Session plans
Teaching/ Learning
Methodologies
Assessment
Reading Lists and reference
books/ materials etc
f) Learn how to perform all the above functions using a computer
and large examples (objectives 1 to 4)
g) Learn how to optimize decisions using linear and non-linear
programming (objective 6)
Presentation of data using charts and graphs; mean, median and mode,
variance and standard deviation; Sampling Methods; Estimation, point
and interval; Hypothesis Testing, using parametric and non-parametric
data; ANOVA; Correlation and regression – simple, multiple; linear and
non-linear programming
See following page (with following details for each session)
Topics
Reading
Case/Exercise
Classroom lectures and practice exercises
Specific assessment methods/tasks weightage planned
Quizzes – 2 40%
Midterm 30%
End-term 30%
Total 100%
Statistics for Managers Using Microsoft Excel, Seventh Edition, by David M
Levine, David F Stephan, Kathryn A Szabat (2014), PHI Learning Pvt Ltd,
ISBN 9780133061819
Quantitative Techniques, Third Edition, CR Kothari (2013), Vikas
Publishing House, ISBN 9789325968967
 Session Plans
Session 1
Topic Introduction to Probability

Objectives Understand how to perform basic probability calculations and

permutations and combinations of events.

Reading SfM Ch.4

Case/Exercise Practice problems

Session 2
Topic Introduction to statistics, and organizing statistical data – frequency
distributions, charts, graphs

Objectives Learn how to organize and present statistical data

Reading SfM Ch.2

Case/Exercise Practice problems, Excel assignments

Session 3
Topic Statistical measures – mean, median, mode, quartiles, variance and
standard deviation

Objectives Understand the various parameters of statistical analysis of data

Reading SFM Ch.3

Case/Exercise Practice problems,

Session 4
Topic Statistical measures in Excel

Objectives Apply statistical measures in MSExcel

Reading -

Case/Exercise Practice problems

Session 5
Topic Probability distribution – discrete variables

Objectives Learn how to analyze probability distributions of discrete data

Reading SfM Ch. 5.1-5.2

Case/Exercise Practice problems

Session 6
Topic Probability distributions – binomial, poisson, others

Objectives Learn how to analyze and predict continuous probability

distributions in certain standard shapes

Reading SfM Ch. 5.3-5.5, Ch.6

Case/Exercise Practice problems

Session 7
Topic The Normal Distribution

Objectives Learn the methods of analyzing and manipulating probability data

forming a normal distribution

Reading SfM Ch.5

Case/Exercise Practice problems

Session 8
Topic Probability distributions in MS Excel, Practice problems

Objectives Learn how to analyze probability distributions in Excel, and

practice.

Reading -

Case/Exercise Excel Practice problems

Session 9
Topic Introduction to sampling

Objectives Understand the basics of sampling data and designing experiments

Reading Class Handout

Case/Exercise Practice problems

Session 10
Topic Quiz 1

Objectives Test on understanding of Sessions 1 to 8

Reading All materials session 1-8

Case/Exercise

Session 11
Topic Sample distributions, random sampling with/without replacement,
central limit theorem

Objectives Gain an understanding of the common methods of taking and

analyzing samples

Reading SfM Ch.7

Case/Exercise Practice problems

Session 12
Topic Estimation – Points and Interval Estimates

Objectives Understand how to create estimates from sampling data

Reading SfM Ch.8

Case/Exercise Practice problems

Session 13
Topic Introduction to hypothesis testing

Objectives Learn the basic concepts of hypothesis testing including creating

hypotheses and parametric testing methods

Reading SfM Ch. 9

Case/Exercise Practice problems

Session 14

Topic Two sampling testing, test for difference between means, between
proportions

Objectives Understand the various tests that can be carried out on two samples
of parametric data

Reading SfM Ch. 10

Case/Exercise Practice problems

Session 15
Topic Mid-term review

Objectives Review sessions 1-14 in preparation for midterm

Reading

Case/Exercise

Session 16

Topic Two sampling testing, test for difference between means, between
proportions

Objectives Understand the various tests that can be carried out on two samples
of parametric data

Reading SfM Ch. 10

Case/Exercise Practice problems

Session 17
Topic Testing for nonparametric data

Objectives Learn the methods of testing for hypothesis in nonparametric data

Reading SfM Ch. 12

Case/Exercise Practice problems

Session 18
Topic Analysis of Variance

Objectives Understand how to analyze and gain information from the variance
present in statistical data

Reading SfM Ch. 11

Case/Exercise Practice problems

Session 19

Topic Non-parametric testing and ANOVA in MS Excel

Objectives Learn how to execute non-parametric hypothesis testing and analysis

of variance in MS Excel

Reading -

Case/Exercise Practice problems

Session 20

Topic simple linear regression, SLR in Excel

Objectives Learn how to correlate sets of data and predict results using simple
linear regression analysis in Excel

Reading SfM Ch.13

Case/Exercise Practice problems

Session 21

Topic Multiple linear regression

Objectives Understand the basics of analyzing multiple linear regressions

Reading SfM Ch. 14

Case/Exercise Practice problems

Session 22
Topic Model-building on multiple regression

Objectives Learn to build models from existing data

Reading SfM ch. 15

Case/Exercise Practice problems

Session 23
Topic Regression and hypothesis testing practice

Objectives

Reading

Case/Exercise Practice problems

Session 24
Topic Introduction to Linear programming

Objectives Understand how to set up and solve linear programming models for
optimizing processes

Reading QT ch. 10

Case/Exercise Practice problems

Session 25
Topic Quiz 2

Objectives Test on understanding of Sessions 16 to 22

Reading All materials session 1-8

Case/Exercise

Session 26
Topic The Transportation problem

Objectives Use Linear programming to optimize transporting resources from

suppliers to markets

Reading QT ch. 10

Case/Exercise Practice problems

Session 27
Topic Assignment problems

Objectives Learn methods to optimize the assignment of resources

Reading QT ch. 11

Case/Exercise Practice problems

Session 28
Topic Non-linear programming

Objectives Understand how to set up and solve simple NLP problems.

Reading -

Case/Exercise Practice problems

Session 29
Topic Non-linear programming continued

Objectives Understand how to set up and solve simple NLP problems.

Reading -

Case/Exercise Practice problems

Session 30
Topic End-term Review

Objectives

Reading

Case/Exercise Practice problems