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Statistics for Business Decisions (Theory) [1]

Paper Code: 
CBBA 401
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives: This course will enable the students to - • Enable the students to acquire knowledge of all the statistical aspects for business decisions. • Develop the understanding of the business problems in the quantitative manner and analyze them using statistical tools.

 

Course Outcomes (COs): 

 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

CBBA 401

Statistics for Business Decisions

Upon completion of the paper, student will:

CO 161: Understand the concept of correlation.

CO 162: Understand the Application of regression analysis.

CO 163: Knowledge of the theory of probability and probability distribution.

CO 164: Develop a hypothesis and test it.

CO 165: Analyze the collected data using various statistical tools and techniques

CO 166: Construct a research report.

Approach in teaching:

Interactive Hours, Discussion, Tutorials, Reading assignments

 

Learning activities for the students:

Self learning assignments, Effective questions, Giving tasks

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 
12.00
Unit I: 
Correlation Analysis & Regression Analysis:

Correlation Analysis: Meaning and significance. Correlation and Causation, Types of correlation. Methods of studying simple correlation - Scatter diagram, Karl Pearson’s coefficient of correlation, Spearman’s Rank correlation coefficient, Concurrent correlation.
Regression Analysis: Meaning and significance, Regression vs. Correlation. Linear Regression, Regression lines (X on Y, Y on X)

12.00
Unit II: 
Probability Distribution

Probability: Meaning and need. Theorems of addition and multiplication. Conditional probability. Baye’s Theorem.
Probability Distribution: Meaning, characteristics (Expectation and variance) of Binomial, Poisson, and Normal distribution.

12.00
Unit III: 
Sampling Theory

Sampling Theory: Parameter and Statistic, Sampling Distribution of a Statistic and Standard Error of a Statistic
Test of Hypothesis: Element and Procedure of Testing a Statistical Hypothesis, Types of Errors. Level of Significance
Test of Significance (Large Sample)- Sample Mean, Difference between two Sample Means, Difference between two Standard Deviations, Sample Proportion and Difference between two Sample Proportions

12.00
Unit IV: 
Test of Significance

Test of Significance (Small Sample): Application of Student’s t- test for Mean, Difference between two Means (Independent and Paired t-test for Difference of Means).
Chi-square test: Definition and Nature, Uses of Chi-Square Test- Test of Goodness of Fit, Test of Independence of Attributes and Test for the Population Variance.
Analysis of Variance: One-way and two-way classification.

12.00
Unit V: 
Research report writing

Research report writing: Format of research report, presentation, footnote- endnote, bibliography, references.

Essential Readings: 

Essential Readings:
• S.P. Gupta (S.P.): Statistical Methods, Sultan Chand & Sons, 34th Edition.
• Goon, Gupta and Das: Fundamentals of Statistics
• Snedecor and Cochran, Statistical Methods, Oxford and IBH Publishers.

References: 

Suggested Readings:
• Shukla,M.C. and Gulshan S.S., Statistics Theory and Practice, Sultan Chand and Sons, New Delhi.
• Richard Levin & David Rubin: Statistics for management, Prentice Hall.
• Anderson, Sweeny & Williams: Statistics for Business and Economics, South West
E-Resources:
• https://www.google.co.in/books/edition/Statistics_for_Business/DMv03Z7JN... [2]
• https://www.google.co.in/books/edition/Essentials_of_Business_Research/s... [3]
• https://www.google.co.in/books/edition/Research_Methodology/a3PwLukoFlMC... [4]
Journals:
• Journal of Business Research
• Business Perspective and Research
• IIS Journal of Commerce & Management
• Indian Journal of Applied Research

Academic Year: 
2023-2024 [5]

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Source URL: https://www.management.iisuniv.ac.in/courses/subjects/statistics-business-decisions-theory

Links:
[1] https://www.management.iisuniv.ac.in/courses/subjects/statistics-business-decisions-theory
[2] https://www.google.co.in/books/edition/Statistics_for_Business/DMv03Z7JN5UC?hl=en&gbpv=1&dq=statistics+for+business+decisions+full+preview&printsec=frontcover
[3] https://www.google.co.in/books/edition/Essentials_of_Business_Research/swbKAgAAQBAJ?hl=en&gbpv=1&dq=business+research+full+preview&printsec=frontcover
[4] https://www.google.co.in/books/edition/Research_Methodology/a3PwLukoFlMC?hl=en&gbpv=1&dq=research+methods+full+preview&printsec=frontcover
[5] https://www.management.iisuniv.ac.in/academic-year/2023-2024