Home About Us Departments Curriculum Facilities Alumni Examination Branch
 
 
Masters in Business Administration -> MBA -> 2 nd Year-> 1 st Semester
 
Statistics for Management

The objective of this course is to familiarise the student with basic statistical tools and techniques and use of inferential statistics in analising quantitative data.

1. Measurement and Scaling: Concept of measurement and scaling. Need use and importance - Ordinal, nominal, interval and ratio scales.

2. Summarizing of Data: Data collection, Editing, Coding and Reduction. Tabulation and Cross tabulation - Frequency distributions - Presentation of data, graphics, charts, diagrams, frequency curves, histograms and polygons.

3. Statistical measures: Measures of central tendency, Measures of dispersion and measures of skewness.

4. Introduction to Probability: Concepts and definitions of probability - Classical Relative frequency, subjective and axiomatic. Additive and multiplicative theorems. Statistical independence, Marginal, conditional and joint probabilities. Bayes theorem and its applications.

5. Distributions: Random variable, Expectation and Variance; Probability distributions - Binomial, Poisson and Normal distributions.

6. Sampling Theory: Sampling methods, Sample size, Sampling distribution.

7. Hypothesis Testing: Estimating and testing Type-I and Type-II errors, power of the test, Test for means & Proportions in large samples. Small sample tests.

8. Non-Parametric Tests: Chi-square, Mann-Whitney, Signed rank, Median test, Wilcoxon matched pair test.

9. Analysis of Variance: One way and two ways (with and without interaction).

10. Correlation and Regression, Concepts, Tests and Analyses. Coefficient of determination.

11. Time Series Analysis : Components and Models of Time series - Additive, Multiplicative and Mixed models - Trend analysis, Semi averages, moving averages, Least Square methods

Suggested Readings:
1. Levin R.I. Rubin. D.S. : Statistics for Management, PHI, New Delhi 1994 (5th Edition)
2. Gupta S.C. : Fundamentals of Statistics, Himalaya Publishing house, Bombay 1996 (8th Edition)
3. Freund J.F. : Modern Elementary Statistics, Prentice Hall International New Delhi - 1985
4. Gupta S.C. and Kapoor V.K. : fundamentals of Mathematics and statistics, Sultan Chand & Co., New Delhi.

 

Achievers Placements Newsletter Guest Book Join Us Contact Us
© All Rights Reserved