Business Statistics

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Course Code : BHRM 12154

Title : Business Statistics

Status : Compulsory

Credit Rating : 4

Semester : Second

Aim : To; (i) introduce the statistical concepts and methods for solving real business problems, (ii) enhance the knowledge of statistics in business management, (iii) develop analytical skills, and the ability to use statistical packages for solving real business problems.

Learning Outcomes : On completion of this course unit, students should be able to:

identify the various statistical techniques available for analyzing data
describe and explain how to make business decisions under uncertainties
demonstrate the skills of analyzing and interpreting data related to business management
apply descriptive and inferential techniques to research work in business and other related fields
solve the business related problems in field of business environment with the use of soft ware packages.

Course Content : Introduction to statistics; definition of statistics, source of data, type of data, data collection, describing and presentation. Descriptive measures; measures of central tendency, measures of dispersion, skewness and kurtosis. Basic probability; basic probability concepts, conditional probability. Probability distributions; discrete probability distributions, continuous probability distributions. Sampling and sampling distributions. Estimation. Hypothesis testing; one sample test, two or more sample test. Nonparametric test. Regression and correlation analysis; correlation, simple regression, multiple regression. Time series analysis. Index numbers. Statistical software.

Method of Teaching

and Learning : Lectures, Tutorials, Presentations, Practical Classes

Assessment : Assignments, End-semester examination

Recommended Readings :

Anderson, D.A., Sweeney, D.J., Williams, T.A. (2011). Statistics for Business and Economics, 11^th Edition, South western College pub. Boston.

Bowerman B.C., O’Connel R., Murphree E. S, Orris J.B. (2012). Essentials of Business Statistics , Mc Graw Hill, New York.

Carver, R.H., Nash, J.G. (2012). Doing Data Analysis with SPSS : version 18.0, 5^th Edition, Duxbury Press, Toebben Drive.

Kzmier, L.J. (2009). Business Statistics, 4^th Edition, Mc Graw Hill, New Dilhi.

Lind, D.A. (2011). Statistical techniques in Business and Economics, 15^th Edition, Mc Graw Hill, New York.

Weieri, R.M. (2010). Introduction to Business Statistics, 7^th Edition, Cengage learning, Toebben Drive.

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