Oman College of Management & Technology
Department of Administrative and Financial Sciences
COURSE SYLLABUS
Course Code & Title
Semester
Instructor
Class Schedule
Office Hours
Web Site
E-mail
(102201*) Principles of Statistics
Spring 2015 – 2016
Syed Ashfaq
Sunday, Tuesday and Thursday (S3) 12:30 – 13:30
Sunday, Tuesday. Thursday 11:30 – 12:30
www.omancollege.edu.om/syed
syed.ahmed@omancollege.edu.om
Teaching Methods:
The class sessions will be based on the following teaching and learning activities:  Lectures
 Problem based learning through teamwork efforts
 Discussion based on numerical based topics.
 Assignments (Home work)
Course Description:
The course is designed to introduce the role of statistical techniques in all the
functional areas of business including accounting, finance, marketing, production
and personal management. Topic includes data collection, probability, sampling,
and hypothesis testing and decision analysis.
Learning Outcomes:
Upon successful completion of this course, students will have the Knowledge and
ability to:
 Understand different types of data and its relationship with statistics.
 Understand the Mean, Mode, Percentiles, Standard deviation in analysis data
variation.
 Understand the basic concepts of probability and its use in business world.
Syllabus
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Principles of statistics
Course Time Table:
Weeks
1
2
3
CHAPTER 01
DATA and STATISTICS
Application in business and economics, elements , variable
,Observations
Scale
of measurement ,
Quantitative and qualitative data
CHAPTER 02
DESCRIPTIVE STATISTICS
Measure of central tendency
Measure of statistical dispersion
Chebyshev’s theorem and empirical law , cross section tabulation
Problem based learning to understand empirical law
4
5
6
First Exam (Covering Weeks 1- 6 )
CHAPTER 03
Probability (Introduction)
7
8
9
PROBABILITY
Probability(Mutually exclusive and Non mutually exclusive events)
Assigning Probability methods
CHAPTER 04
DISCRETE PROBABILITY DISTRIBUTION
Discrete probability function
Discrete probability expected value and variance
Problem based leaning to analysis probability related topics.
Second Exam (Covering Weeks 7- 12 )
10
11
12
CHAPTER 05
INDEX NUMBERS
Introduction to Index Numbers
Aggregate price index
Introduction to CPI and SPI
Revision
Final Exam (Covering Whole Syllabus)
13
14
15
16
Text Book:
Title: Statistics for Business and Economics.
Authors: Anderson, Sweeney, Williams
Edition and Year: 3rd , 2007.
Performance Evaluation:
The grade will be based upon the following:
First Exam
Second Exam
Class Participation & Activity
Final Exam
Syllabus
20%
20%
10%
50%
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Principles of statistics
Student Responsibility:
 Mobile phones must be turned off during class time.
 Students are expected to participate in class discussion and critiques. Failure to
do so will result in grade reduction.
 Students are expected to follow OCMT’s standardized attendance policy.
Lecture attendance is mandatory. Students are allowed maximally of 15%
absentia of the total module hours.
 Students are required to work on projects in and outside of class, and must
complete all assignments.
 Meeting all deadlines and complete all assignments, (Late papers will not be
accepted).
 Coming on time and staying till class is over.
Syllabus
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Principles of statistics