Sub Committee for Curriculum Development

QS &A Specialization

Course Name: Business Statistics

Course Code: T2217

(UG/PG): UG/PG

Number of Credits: 3

Course No. QS&A P 4

Level: 4

Learning Objective(s):
1. To enable students to present, analyze and interpret data.
2. To enable students to use concepts of probability in business situations.
3. To enable students to make inferences from samples drawn from large datasets.
4. To enable students to apply univariate and multivariate statistical techniques.

Pedagogy:
1. Classroom lectures

Pre-learning: Foundation course in Statistics.

Sr. No. Topic Hours
Introduction to Business Statistics-Descriptive Statistics,
Populations and samples – the need for inference tools. Graphical
depictions of data. Frequency graphs, histograms, scatter-plots.
Mean, variance and standard deviation for populations and
1 3
samples. Measures of location and dispersion. Measures of
Distribution Shape, Relative location and outliers-z-score,
Chebyshev’s Theorem, Empirical rule. Using software to explore
data.
Introduction to Probability theory-Some basic relationships of
2 3
probability, Conditional Probability, Bayes’ Theorem
Random variable, Discrete Probability Distributions, Expected
3 value, Variance, Binomial, Hypergeometric and Poisson Probability 3
Distributions
Continuous Probability Distributions-Uniform, Normal and
4 Exponential, Normal approximation of discrete probability 3
distributions-case of binomial and poisson
Sampling and Sampling Distributions-Need of sampling, Different
sampling techniques, Concept of parameter and an estimator,
5 Sampling distribution, Central Limit Theorem, Concept of Standard 6
error, Relationship between sample size and the sampling
distribution, Point estimator, properties of point estimators
Estimation-Concept of margin of error, Interval estimation of
6 Population mean and Population proportion, Determination of 6
sample size
Hypothesis Testing-Null and Alternative Hypothesis, Type I and
Type II errors. Power of a test. Hypothesis testing using the normal
7 6
distribution. The t-distribution. One sample, paired and
independent samples t-tests.
Non parametric Tests- Chi Square-Goodness of fit and Test of
8 6
independence,
ANOVA- The need for a new technique to compare means of
9 multiple groups. The omnibus hypothesis and post-hoc tests. The 3
ANOVA table. ANOVA using software.
Regression- Introduction to linear regression.
10 Fitting a linear model to data. Interpretation of the regression 6
coefficients.

Course Outline

Books Recommended
1) Anderson, Sweeney and Williams, “Statistics for Business and Economics”, Cengage
Learning, 2001(11e).
2) Levin and Rubin, “Statistics for Management”, Prentice-Hall, 2007

Suggested Evaluation Methods: Written tests & SPSS evaluation

Parallel/Similar courses the existing curriculum:
S.No. Name of the course Institute where it was offered
1 Business Statistics SIIB, SIOM

Name of Dr. Ravi Trupti

Member Kulkarni Bhosale
Designation Professor Asst. Prof.

Org. / Inst. SCMHRD SSBM

Signature

Name of the Expert: Prof. Asmita Chitnis

Signature:

Date: