Course Title: Introduction to Statistics

Course Code: MA 1160

Credit Hour: 3
Course Category: Core
Prerequisite Course: N/A
Rationale: Introduction to Statistics is a core course offered to BBA students of most of the universities
in Bangladesh and all around the globe. This course will aid to understand the fundamental concepts and
methods of statistics. How it interpret graphical and numerical summaries of data. Understand the
reasoning behind the calculations, the assumptions under which they are valid, and the correct
interpretation of results
Course Objective:
The main objective of this course is to understand about statistical system and statistical approach, train
up students as a statistician. It also helps to know the importance of statistics in business. Improve
planning & decision making ability of student with statistical knowledge etc.
Learning outcome: Upon completion of this course, 1. Students shall know how to organize, manage,
and present data.2. Show ability to organize data for appropriate statistical analysis by using central
tendency, dispersion, correlation and regression analysis. . 3. Show ability to effectively display the
information in data sets graphically.
Teaching-Learning Strategy: Interactive teaching learning strategies are formulated to conduct the
course. Class Lecture, Case studies .
Assessment Strategy: Written Examination, Class test, Quiz test etc.
Course Description:
A course dealing with statistical concepts including measures of central tendency and dispersion,
probability distributions, Sampling, Estimation, Hypothesis testing, Analysis of Variance, Correlation and
Regression analysis, Multiple Regression and Statistical Forecasting.
Chapter Contents

Statistics – what and Introduction, definition of statistics, statistical methods, and functions of
why statistics, statistics science or art. Scope of statistics, statistics and computer,
limitation of statistics, distrust of statistics.
Collection of data: Introduction, types of data, primary data, internal data, secondary data, designing
a Questionnaire, pre-testing the questionnaire, specimen questionnaire, editing
primary data.
Presentation of Classification of data, formation of a frequency distribution, classification
data: according to class intervals, principles of classification, tabulation of data, review
of the table: charting data, general rules for constructing diagrams. Types of
diagrams : one dimensional or bar diagrams, two dimensional diagrams,
pictograms and cartograms, choice of a suitable diagrams, graphs, line graphs.
Graphs of frequency distribution: Histogram, frequency polygon, smooth
frequency curve, cumulative frequency curve or ogive, limitations of charts.
Measures of central Introduction, objectives of averaging, characteristics of a good average, arithmetic
tendency: mean, weighted arithmetic mean, combined mean, related problems.
Median, mode: what is meant by median and mode for grouped data and
ungrouped data, quartiles: 1st quartile, 2nd quartile, 3rd quartile, Geometric mean,
Harmonic mean, miscellaneous illustrations, problems, progressive average,
which average to use? General limitations of an average, relationship among AM,
GM, HM.
Measures of Introduction, properties of a good measure of variation, methods of studying
variation or variation: range, the average deviation, problems. Miscellaneous illustrations.
dispersion: Methods of studying variation: the quartile deviation, the standard deviation,
 which measure of variation to use? Miscellaneous illustration, problems.
Skewness, Introduction, what is skewness, moments and kurtosis, measures of skewness,
moments,and Measures of moments and kurtosis. Miscellaneous illustration, problems.
kurtosis:
Correlation definition, types of correlation, methods of studying correlation, scatter diagram
analysis: method, Karl Pearson’s coefficient of correlation, method of least squares,
miscellaneous illustration, problems.
Regression analysis: Definition, correlation vs. regression, regression lines, regression equations.
Properties of regression coefficients, miscellaneous illustration, problems.
Index number : definition, uses, problems in the construction of index number, methods of
constructing index number, un weighted index numbers, weighted index numbers,
measures of different types of weighted price index, problems.
Measures of different types of weighted quantity index numbers, volume index
numbers, test for perfection, the chain in index numbers, base shifting consumer
price index numbers, limitation, miscellaneous illustration, problems.
Business forecasting Introduction, business forecasting and time series analysis, steps in forecasting,
and time series components of time series, straight line trend, methods of measurement: graphic
analysis: method, method of semi-average, miscellaneous illustration, problems.
Straight line trend methods of measurement: method of moving average, method
of least squares, miscellaneous illustration, problems.

Text Book:
1. Lind, Marchal & Walthen-Statistical Techniques in Business and Economics
2. Richard Levin & David S. Rubin, Statistics for Management.
3. S P Gupta and M P Gupta Business Statistics.
Reference:
1. Introductory statistical analysi Hernett and Muprhy.
2. Elementary statistics (5th edition) Allan G. Bluman.
3. Complete business statistics (6th edition) Amir D. Aczel. Jayavel Sounderpandian.
4. Advanced practical statistics. S.P.Gupta.