1. COURSE DESCRIPTION & LEARNING OUTCOMES • • • • • This course will enable participants to achieve the following: Use of statistical tools for data analysis, providing insight into their uses and their limitations Draw inferences from a set of data Develop an insight into the role of uncertainty in managerial decision making and develop tools to handle uncertainty Improve the ability to formulate and resolve complex decision problems in a practical yet formal manner
2. REQUIRED MATERIAL Statistics for Managers Using Microsoft Excel, 5th edition, David M. Levine, David F. Stephan, Timothy C. Krehbiel and Mark L. Bernson, PHI Learning Private Limited, New Delhi, 2009. 3. PEDAGOGY & EVALUATION The course will be based on lectures, discussion, presentations, cases and exercises. A problem- solving approach will be developed and used. Participants are also expected to use relevant computer software throughout the course. Evaluation will be done as per the following criteria: Class Preparation Presentations Quizzes End-term Examination Total 10% 20% 30% 40% 100%
Statistics for Business 2010-2011
4. GRADING Students are graded based on their absolute performance level. There is no relative grading among the students. There are 5 grades as given below. If a student does not meet the minimum requirements to earn the lowest grade, the faculty may choose not to grade him/her. For a student to achieve a particular grade, the requirements of the previous grade levels must be met. 1. Novice: Knows the basic concepts in statistics 2. Beginner: Understands the concepts in statistics and their business applications 3. Competent: Demonstrates ability to apply basic statistical concepts and statistical tools in business decisions 4. Accomplished: Shows ability to use statistical tools for data analysis as well as for structuring and aiding business decisions 5. Role Model: Demonstrates ability to use statistical tools for data analysis as well as for... [continues]
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