XAVIER INSTITUTE OF MANAGEENT AND ENTERPRENEURSHIP COURSE TITLE: QUANTITATIVE TECHNIQUE 1 NO OF CREDITS: 3 NO OF SESSIONS: 33(EACH OF 70 MIN) OBJECTIVE: The

process of decision-making is complex. The manager needs to know how to summarize,

analyze and interpret data to facilitate decision-making. This course aims at providing the students with most often used methods of statistical analysis and gives an insight into the decision
making process through systematic collection, tabulation , analysis, and interpretation of data. NO OF SESSIONS TOPIC

1-3

46

79 10

BASICS OF STATISTICS Introduction Understanding different concepts of statistics Classification and Tabulation Pictorial and Graphical Representation Line Diagram, Bar diagram(Simple, component and percentage and Multiple bar diagram), Histogram, Frequency Polygon, Ogive and Pie Chart MEASURES OF CENTRAL TENDANCY AM, Weighted Mean, Combined Mean GM, HM, Median, Mode MEASURES OF DISPERSION Range, Quartile deviation, Mean Deviation, Variance, Standard Deviation and Coefficient of variation, Skewness and Kurtosis CLASS TEST 1 THEORY OF PROBABILITY Concept and Definition. Permutation and combination to probability Addition Theorem of probability, Multiplication Theorem of Probability, Random Variable and Probability Distribution, Expectation THEORETICAL PROBABILITY DISTRIBUTION Binomial and Poisson Distribution CONTINUOUS PROBABILITY DISTRIBUTION Normal Probability Distribution CLASS TEST 2

11 15

16 - 17 18 - 20 21

22 - 24

SAMPLING AND HYPOTHESIS TESTING CONCEPTS: Population, Sample, Statistic, parameter, Null Hypothesis, Alternative Hypothesis, Types of Errors, Degree of Freedom, Level of Significance, Critical Region, Central Limit Theorem Introduction to Hypothesis Testing, Procedure of Testing Hypothesis: Z-test, t-test, F-test Chi- Square Test ANOVA CORRELATION AND REGRESSION Correlation: Introduction, Correlation Coefficient (One way table only) Regression- Method of Least Squares Time series analysis, Measurement of Trend

25 - 27

28 - 29

30 - 33

Recommended Books: Statistics for Management: Levin and Rubin- Pearson Reference text: Statistics for Business and Economics: Anderson, Sweeney, Williams, Cengage Learning Business Statistics: G.C Beri, McGraw Hill

Statistics for Management & Economics Keller (Cengage Press) Schaums outline of statistic Murry R. Spiegcl, Larry J Stephens

EVALUATION: Attendance and Class Participation Class Tests, Quiz, Assignments, Projects, Presentations etc . Mid-term Examination End-Term Examination : : : : 05 20 25 50 ---------100 ----------

TOTAL

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