SCHOOL OF
TEACHING
BUSINESS
DEPARTMENT : QT,
STUDIES
OPERATIONS, OR
1
Course No.
ACADEMIC SESSION :
2014-2015
2
Course Title
Quantitative Techniques for Business Decisions
3
Credits
3
4
5
Hours
Course
Objective
FOR STUDENTS
BATCH –MBA (20142016)
Contact Hours –
25
Workshop 5
Project / fieldwork – 10
Assignment10
Guided Study –
25
Total75
To provide the students with an adequate understanding of some of the important
quantitative techniques and applications in business. This knowledge helps in using
diagnostic and analytical methods based on statistics for better managerial decisionmaking.
On completion of the module students will have
Understanding of basic Statistical concepts within business administration context.
Ability to understand, formulate and interpret business situations quantitatively.
Assessment Strategy:
1. Every week assignments will be given.
2. From the assignments given in the previous days, class quiz for first 15
minutes will be taken. Two quiz per week.
.
6
Course
Outcomes
7
Outline syllabus:
7.01
Introduction
Measures of
Central Tendency,
Variation and
7.02 Skewness
Unit A
Meaning of quantitative techniques
Meaning & Scope of statistics
Collection & Presentation of data, Frequency distribution
Unit B
Central value and their applications in business , Concept of
Standard deviation &
Skewness : and their applications in business and industry.
7.03 Probability and
Unit C
Probability
Distributions
7.04
Correlation
&Regression
Unit D
Tests of
7.05 Hypothesis
Unit E
8
Course Evaluation
8.1
Course work:
Meaning and relevance to managerial decision-making
Basic rules of Probability
Baye’s Theorem & its applications, Concept of Probability distribution,
Binomial Distribution,
Poisson Distribution and Normal Distribution and its applications.
Linear Correlation
Scatter Diagram
Coefficient of correlation
Linear Regression.
Meaning & purpose of tests of hypothesis
Various steps involved in testing of hypothesis
Two-tailed and one-tailed tests
Z-test
t-test and
Chi-square test
8.11 Attendance
8.12 Homework
(3) 15%
8.13 Quizzes
(6) 15%
8.14 Projects
8.15 Presentations
8.16 Any other
(give details and weight)
8.2
MTE
(one) 20%
8.3
End-term examination: weight
9
References
50%
Business Statistics by M.P. Gupta and S.P. Gupta, 2014 Edition, Sultan Chand & Sons,
New Delhi.
9.1
Text book
Mapping of Outcomes vs. Topics
Outcome no.
→
Syllabus topic↓
XXXNNN.A
XXXNNN.A1
XXXNNN.A2
XXXNNN.A3
XXXNNN.B
XXXNNN.B1
XXXNNN.B2
XXXNNN.B3
XXXNNN.C
XXXNNN.C1
XXXNNN.C2
XXXNNN.C3
XXXNNN.D
XXXNNN.D1
XXXNNN.D2
XXXNNN.D3
XXXNNN.E
XXXNNN.E1
XXXNNN.E2
XXXNNN.E3
1
2
3
4
5
6
7
8