Syllabus
Unit 1
Quantitative methods: Basic terminology in probability, probability rules, conditions of statistical dependence and independence, Bayes Theorem, Discrete Random Variables review of probability distributions, measure of central tendency.
Sampling and sampling distributions: Introduction to sampling, random sampling, design of experiments, introduction to sampling distributions Estimation: point estimates, interval estimates and confidence intervals, calculating interval estimates of mean from large samples, using t test, sample size estimation.
Unit 2
Testing hypothesis: Introduction, basic concepts, testing hypothesis, testing when population standard deviation is known and not known, two sample tests.
Chi-square and analysis of variance: introduction, goodness of fit, analysis of variance, inferences about a population variation
Unit 3
Regression and correlation: Estimation using regression line, correlation analysis, finding multiple regression equation, modelling techniques, Non parametric methods and time series and forecasting: Sign test for paired data, rank sum test, rank correlation, Kolmogrov – smirnov test, variations in time series, trend analysis, cyclic variation, seasonal variation and irregular variation. Decision theory: Decision tree analysis
Objectives and Outcomes
Objectives
To impart the knowledge of basic statistical tools for analysis and interpretation of qualitative and quantitative data for decision making
Course Outcomes
- CO1: Apply basic probability and statistics concepts for various business problems
- CO2: Perform test of hypothesis
- CO3: Compute and interpret the result of regression and correlation analysis for forecasting
- CO4: Solve real time problems by applying different decision making methods.
CO – PO Mapping
PO/CO |
PO1 |
PO2 |
PO3 |
PO4 |
PO5 |
PO6 |
PO7 |
PO8 |
PO9 |
PO10 |
PO11 |
PO12 |
PSO1 |
PSO2 |
PSO3 |
CO1 |
3 |
3 |
|
2 |
2 |
|
|
|
|
|
2 |
2 |
3 |
|
|
CO2 |
3 |
3 |
|
2 |
2 |
|
|
|
|
|
2 |
2 |
3 |
|
|
CO3 |
3 |
3 |
|
2 |
2 |
|
|
|
|
|
2 |
2 |
3 |
|
|
CO4 |
3 |
3 |
|
2 |
2 |
|
|
|
|
|
2 |
2 |
3 |
|
|