Courseplan M N V

Topics: Statistics, Scientific method, Regression analysis Pages: 6 (1763 words) Published: June 16, 2015
MBA –M,N,V section
Managerial statistics (IMBA 141)
Number of Credits = 2 (30 hours)
Course Overview
IMBA 141 is a core course for 2 credit hours. It will discuss from both conceptual and application perspective, basic statistical and mathematical concepts and tools widely used in business applications. The course gives a basic statistical input desired for a clear understanding of core courses like Economics, Foundations of Finance, Managerial Finance, Operations Management and electives in Marketing & Finance Courses. Further it enables to conceptualize business problems in statistical / mathematical terms and solve them to provide solutions.

Course Learning Outcomes
Multiple pedagogies and active course participants should make MBAI 141 a useful foundation for continued professional development. With diligence and commitment to mutual learning, the following learning outcomes can be accomplished. Become aware of data –information -knowledge conversion process Summarize data by computing measures of central Tendency, dispersion, skewness and Kurtosis Understand the concept of probability & random variables and applications of important probability models Understand the need and application of sampling methods. Various sampling methods used in practice will be discussed. Understand and apply appropriate inferential statistical methods of estimation and testing of hypothesis. Understand the method of evaluating the association between variables through correlation and regression modeling. Use of basic time series analysis for forecasting.

Understand the approach for decision making under uncertainty. Required Material (Text Book):
Anderson, D. R., Sweeney, D. J., Williams T. A. Statistics for Business and Economics (11th ed.). New Delhi: Cengage Learning India Private Limited.

Additional recommended references:
Sample Chapters in U.K. Srivatsava, G.V. Shenoy and S.C. Sharma: Quantitative Methods for Managerial Decisions, (2001), New Age International (P) Ltd., New Delhi Sample Chapters in Richard I. Levin, D.S. Rubin: Statistics for Management; PHI, Seventh Edition. Note: Handouts will be distributed appropriately.

Session Content and meeting Schedule
# hrs

Unit 1 : Probability, Random variables & Probability distributions (5 hours) Probability – Introduction, Event algebra


Chap. 4 (4.1 to 4.3)
Conditional probability & Baye’s theorem

Problem solving
Home work problems
Chap. 4 (4.4 to 4.5)
Random variables –Concept &Properties

Problem solving

Chap. 5 (5.1 to 5.2)
Probability function – distribution, mass & density functions ½


Chap. 5 (5.2)
Binomial distribution – properties & applications

Problem solving
Home work problems
Case Study [Reading]
Chap. 5 (5.4)
Binomial & Poisson distribution applications continued

Problem solving

Chap. 5 (5.5)
Normal distribution – Importance, applications
1 ½

Problems & Case discussion
Case Study [ Solution]
Chap. 6 (6.1 -6.3)
Unit 2 : Sampling Methods & Estimation (4 hours)
Sampling – Need, application, methods

Lecture & Discussion

Chap. 7 (7.1 to 7.2)
Sampling distributions

Problem solving

Chap. 7 (7.4)
Estimation – Point & Interval estimation

Problem solving

Chap. 7 (7.5 to 7.6) Chap. 8 (8.1 to 8.2)
Interval estimation problems, Determining sample size using confidence interval approach 1

Problem solving & Excel
Home work problems
Chap. 8 (8.3 to 8.4)
CIA 1 – Exam [Units 1, 2, 3]

Unit 3 : Testing of Hypothesis , Chi-Square test & ANOVA (7 hours) Testing of hypothesis – Concept, types of error, testing process 1

Lecture & Discussion

Chap. 9 (9.1 to 9.2)
Hypothesis testing – single population mean, two population means (Z, t tests) 1

Problems solving & Excel
Home work problems
Chap.9 (9.2 to 9.5)
Chap. 10 (10.1 to 10.3)
Hypothesis testing –...
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