Dept.

of Business Administration-General
COURSE OUTLINE
COURSE TITLE: Business Statistics YEAR & TRIMESTER: 1st Year & 3rd
COURSE CODE: BUS 7203 Trimester
PROGRAM NAME: MBA (Professional) COURSE CREDIT/HR: 03
DURATION: 4 Months

Course Objectives
The course is designed to equip the students with the statistical tools and concepts used in the
decision making process in various business entities. The goal is to introduce a new way of
thinking about data, and to gain an understanding of how to use, communicate, and interpret
statistics. It is a foundation course required of all business majors because statistics is an
integral part of the structure and functions of business. The knowledge and skills will help in
advanced business courses and business career. Methods of descriptive and inferential
statistics are covered with specific reference to measures of central tendency, probability
distribution, hypothesis testing, regression and correlation, and other statistical analysis for
business decisions.

Course Contents
Week / Topics Readings
Session
Class-1 Introduction Chapter-1
Basic Principles and Concepts, Types of Statistics, Types of
Variables, Levels of Measurements.
Class-2 Organizing and Summarizing Data Chapter-2
Frequency Distribution, Relative Frequency Distribution,
Graphic Presentation of a Frequency Distribution.
Class-3 Describing Data: Numerical Measures Chapter-3
Measures of Central Tendency – Mean, Median, Mode;
Measures of Dispersion – Range, Mean Deviation, Variance
& Standard Deviation; Relative Dispersion.
Class Test-1
Class-4 Describing Data: Displaying and Exploring Data Chapter-4
Measures of Position, Skewness, Describing the relationship
between Two variables
Class-5 Probability Concepts Chapter-5
Probability, Basic Rules of Probability, Principles of
Counting.
Class Test-2
Class-6 Discrete Probability Distribution Chapter-6
Random Variables; Mean, Variance & Standard Deviation of
a Probability Distribution; Binomial, Poisson and
Hypergeometric Probability Distribution.
Mid-term Examination
 Week / Topics Readings
Session
Class-7 Continuous Probability Distribution Chapter-7
Normal Probability Distribution and Standard Probability
Distribution.
Class-8 Sampling Methods Chapter-8
Population & Sample, Sampling Distribution of the Sample
Means, Central Limit Theorem, Point Estimation, Interval
Estimation.
Class Test-3
Class-9 Test of Hypothesis
Hypothesis, Steps Involving Hypothesis Testing, One Tail &
Two Tail Test,
Chapter-
Class-10 Test of Hypothesis 10, 11, 12
Test for Large Sample and Small Sample – Z, t, 2, F
Distribution.
Class Test-4
Class-11 Correlation and Linear Regression Chapter-13
The Coefficient of Correlation, Coefficient of Determination,
Regression Analysis – OLS Method.
Class-12 Presentation of Term Paper
Final Examination

Text Book
Douglas A. Lind, William G. Marchal and Samuel A. Wathen – “Statistical Techniques in
Business & Economics”. 15th Edition, McGraw-Hill, USA

Evaluation System

Sl. No. Type of Evaluation Weightage (%)

1. Final Exam 40
2. Mid-Term Exam 20
3. Class Test (Total-4) 12
4. Term Paper Including Presentation 10
5. Assignments and Case Studies 5
6. Regular Class Presentation and Participation 5
7. Class Attendance 5
8. Attitude/Conduct/Manners 3
Total 100