Vbs Syllabus.docx

Vyasa Business School SYLLABUS COPY_ MBA PROGRAM

2018-2020 Batch

Course Title: STATISTICS FOR MANAGERS 

Credits: 4.5

Hours: 45

Objective To facilitate the students to develop statistical skills for managerial decision making

COURSE CONTENTS Unit 1 Introduction to Statistics 10 Hours Business statistics- scope and applications; grouping and displaying data to convey meaning by tables, graphs and frequency distribution ; summary statistics- measures of central tendency; dispersion; skewness and kurtosis.

Unit 2 Probability Distributions 17 Hours Introduction to probability- Concept of probability; probability rules and its uses in business decision-making; Addition and Multiplication Theorems and; Baye’s Theorem and its applications; Expectation; Probability distributions – Binomial, Poisson and Normal distributions; Hypothesis testing - basic concepts; tests – z, t, ANOVA and chi- square; Estimation: Point and Interval estimates for population parameters of large sample and small samples, Determining the sample size

Unit 3 Correlation, Regression and Time Series Analysis 10 Hours Correlation analysis- estimation using regression lines; forecasting; Time series and components-trend analysis -Straight line fitting by method of least squares and moving averages.

Unit 4 Decision Theory 08 Hours Decision theory- Decision making under uncertainty, Decision making under risk (EMV criteria) and Decision making under certainty. Prescribed Text David M Levine, Timothy C Krehbiel, Mark L Berenson Etc….. : Quantitative Techniques for Management; Pearson Publication 2013 Books for Reference 1. Richard I Levin, David S Rubin: Statistics for management; Eastern Economy edition. Prentice Hall of India. 2. JK Sharma: Quantitative Techniques, McMillan 3. ND Vohra: Quantitative Techniques in Management, TMH 4. S.P Gupta, Statistical Methods Sultan Chand andSons , Latest Edittion

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