sBirla Institute of Technology & Science, Pilani

Work Integrated Learning Programmes Division

Quantitative Methods
Digital Learning Handout
Course Title QUANTITATIVE METHODS
Course No(s) MM ZG515 / QM ZG515
Credit Units 4
Credit Model Lectures + Students’ preparation and Practice
Instructor-In-Charge SRINIVAS KOTA
Version Number and Date 1 (20-07-2021)

Course Objectives
 To provide an understanding of various tools and techniques of Business Statistics
 To provide an understanding of various tools and techniques of Management Science
 Provide clarity on how to apply analytical techniques in different business situations and possibly use spreadsheets
for solving problems

Text Book(s)
T1 D.M. Levine, T.C. Krehbiel, M.L. Berenson and P. K. Viswanathan, “Business Statistics: A First Course”,
Pearson Education, 7th Ed., 2017.
T2 Render, Stair & Hanna, Quantitative Analysis for Management, Pearson Education, 10 th Ed., 2011.

Reference Book(s) & other resources

R1 Ken Black, “Business Statistics: For Contemporary Decision Making”, Wiley, 5 th Edition, 2010.
R2 Hillier and Hillier, Introduction to Management Science, 3 rd Edition, Tata McGraw Hill, 2011

LEARNING OUTCOMES
LO1 Able to understand data and basic statistics tools

LO2 Able to understand basics of probability and probability distributions

LO3 Understand the basics of hypothesis testing

LO4 Understand the basics of Decision Theory and Analysis

LO5 Understand Linear Programming, Transportation and Assignment techniques of Management science and
their practical applications

Experiential Learning Components

1. Lab work: None.
2. Project work: None.
3. Case study: None.
4. Work integrated Learning Exercise: None.
5. Design work/Field work: None.
Content Structure

Contac Topic Sub-Topics Reference

t
Data Collection and  Tables and charts for Categorical
1-2 T1-Ch.1
Presentation  Cross tabulations and scatter diagrams
Numerical Descriptive  Measures of central tendency, variation and shape
3-4 T1-Ch.3
Measures  Numerical descriptive measures for a population
 Basic probability concepts
5-6 Probability T1-Ch.4
 Conditional probability and Bayes’ Theorem.
Discrete probability  Probability distribution for a discrete random variable
7-8 T1-Ch.5
distributions  Binomial distribution and Poison distribution
 Normal distribution
9-10 Normal distributions T1-Ch.6
 General Procedure for finding normal probabilities
 Central limit theorem
Sampling Distributions &  Sampling distribution of mean and proportion
11-12 Confidence Interval  Confidence interval estimation for the mean / T1-Ch.7 & 8
Estimation proportion
 Determining sample size
 Hypothesis testing methodology
13-14 Hypothesis Testing:  Z test/ T test of Hypothesis for the mean T1-Ch.9
 Z test of Hypothesis for the proportion
 Simple Linear Regression
15-16 Regression Models T2-Ch4
 Measuring the fit of the Regression Model
 Decision making under uncertainty
17-20 Decision Theory  Decision making under risk T2-Ch3
 Decision tree
 Requirements of a Linear Programming Problem
Linear Programming  Formulating LP Problems
21-22
Problems (LPP)  Graphical Solution to an LP Problem
 Solving Minimization Problems
 How to set up the Initial Simplex Solution T2-Ch.7 & 8
23-24
 Simplex Solution Procedures
LPP: Simplex method  Recognize special cases such as infeasibility,
25-26 unboundedness, and degeneracy
 LPP Applications
 Structure special LP problems using the transportation
and assignment models
27-28 Transportation problem  Use the northwest corner, intuitive lowest cost method T2-Ch.9
for solving transportation problem
 Use the stepping-stone method for optimisation
 Solve assignment problems with the Hungarian (matrix
29-30 Assignment problem T2-Ch.9
reduction) method for maximisation and minimisation
31-32 Practice  Practice Problems
Evaluation Scheme

Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session

Evaluation Name Type Weight Duration Day, Date, Session, Time
Component
Quiz-I Online 10% February 14-24, 2022
EC - 1 Quiz-II Online 10% March 14-24, 2022
Quiz-III Online 10% April 14-24, 2022
Saturday, 12/03/2022 (AN)
EC - 2 Mid-Semester Test Open Book 30% 2 hours
2 PM – 4 PM
Saturday, 21/05/2022 (AN)
EC - 3 Comprehensive Exam Open Book 40% 2 hours
2 PM – 4 PM

Syllabus for Mid-Semester Test (Open Book): Topics in Contact Hours: 1 to 16

Syllabus for Comprehensive Exam (Open Book): All topics

Important links and information

Elearn portal: https://elearn.bits-pilani.ac.in
Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest announcements
and deadlines.
Contact sessions: Students should attend the online lectures on impartus platform as per the schedule provided on the
Elearn portal.

Evaluation Guidelines
1. EC-1 consists of either two Assignments or three Quizzes. Students will attempt them through the course
pages on the Elearn portal. Announcements will be made on the portal, in a timely manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is permitted.
However, loose sheets of paper will not be allowed. Use of calculators is permitted in all exams.
Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student should
follow the procedure to apply for the Make-Up Test/Exam which will be made available on the Elearn portal.
The Make-Up Test/Exam will be conducted only at selected exam centres on the dates to be announced later.

It shall be the responsibility of the individual student to be regular in maintaining the self-study schedule as given in
the course handout, attend the online lectures, and take all the prescribed evaluation components such as
Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the evaluation scheme provided in the
handout.

Instructor-in-charge
MM ZG515 / QM ZG515