DETAILED COURSE CONTENT



Course Code:
HDIB 12133

Title :
Business Statistics

Type/Status :

Compulsory

aaaaaaaaaaaa Aims :
This course unit is designed to provide knowledge and skills to interpret and use statistical techniques in a variety of business applications.
Learning Outcome : aaaaaaaaaaaaaaaa

By the end of the course units students should be able to:

  • Make informed decisions based on data
  • Apply a variety of statistical procedures and tests
  • Describe the uses, capabilities, and limitations of various statistical procedures
  • Interpret the results of statistical procedures and tests

Course Content : Introduction to Business Statistics, Definition and scope of Statistics, Designing Descriptive Statistics and analytical surveys, Designing Evaluations, Data collection methods, Probability and Probability Distributions, The nature and logic of Inferential Statistics, , Estimation , Estimation and the t-distribution, Hypothesis Testing, Hypothesis Testing-Single population Mean, Hypothesis Testing-Two population means and proportions, Sampling, Regression analysis, Time series analysis, Experimental design and Analysis of variance,Non parametric methods. Introduction to quality improvement, Process improvement using control charts.

Method of Teaching & Learning:

Lectures, Tutorial, computer practical and Classroom discussions.

Scheme of Evaluation:

Assignments, Practical examination, Midterm tests and Final examination. The weights given to each component of the evaluation method is announced at the commencement of the course unit.

Recommended Readings:

Beri G. C., (2010), Business Statistics, 3rd Edition, Tata McGraw- Hill, New Delhi.

David R. Anderson, Dennis J. Sweeney, and Thomas A. Williams, (2012), Essential of Modern Business Statistics with Microsoft Excel, South Western college Publishing, Mason OH.

David Moore, George Mc Cabe, and Williiam Duckworth, (2003), The Practice of Business Statistics, using Data for Decisions, W.H. Freeman& Company.

Mario F. Triola, (2007), Elementary Statistics, 10th edition. Wesley.