Annexure ‘CD – 01’
FORMAT FOR COURSE CURRICULUM
L T P/S SW/FW No. of TOTAL
PSDA CREDIT
Course Title: BUSINESS STATISTICS UNITS
Credit Units: 03 2 - - 2 2 3
Course Level:UG Course Code: QAM 103
Course Objectives: The objective of this course is to familiarize the students with fundamental statistical tools which can help them in analyzing the
business data. This course will provide students with hands-on experience to use statistical tools in order to make scientific decisions even in
uncertain business environment
Pre-requisites: The students should have basic knowledge of Mathematics and computational skill.
Course Contents/Syllabus:
Course Contents/Syllabus: Weightage (%)
Module I: Introduction to Statistics 10%
Definitions, Functions of Statistics, Limitation of Statistics, Applications of Statistics
Collection of Data: Types and Methods, Classification and Presentation of data: Histogram, Frequency
Curve, Frequency Polygon, Ogive
Module II: Measure of Central Tendency 20%
Concepts of Central Tendency: Meaning and Characteristics of Average
Types of Averages: Arithmetic mean; Combined mean; Weighted mean; Median; Mode
Module III : Measure of Dispersion 20%
Measures of Dispersion: Range, Quartile Deviation, Mean Deviation, Standard Deviation,
Combined Standard Deviation, Correct Incorrect Values,
Coefficient of Variation (Absolute & Relative Measure of Dispersion),
Skewness-Karl-Pearson’s Coefficient of Skewness, Bowley’s Coefficient of Skewness, Moments,
Kurtosis.
Module IV : Correlation Analysis and Regression Analysis 20%
Correlation:
Introduction-Importance of Correlation, Types of Correlation,
Scatter Diagram Method,
Karl Pearson’s coefficient of Correlation (Grouped and Ungrouped),
Spearman’s Coefficient of Rank Correlation, Rank Correlation for Tied Ranks,
Regression Analysis:
Concepts of Regression, Difference b/w Correlation and Regression,
Regression Lines. Regression Coefficient in a bi-variate frequency
Module V Time Series Analysis 10%
Introduction; Objectives of Time Series analysis;
Components of a Time Series;
Moving Average Method; method of least squares (fitting of linear trend only)
Module V1 Probability Theory and Distributions 20%
Concept; Addition and multiplication theorems of probability; conditional probability & independent
events;
Bayes’ theorem; Probability Distribution Function, Binomial distribution; Poisson distribution; Normal
distribution and their applications
Course Learning Outcomes:
On completion of this course the student will be able to:
CLO1: Remember fundamental tools and techniques of Descriptive Statistics.
CLO2: Understand and identify statistical tools relevant for data summarization, visualization and presentation.
CLO3: Apply statistical tools and techniques for developing skill of computation and solving business problems.
CLO4: Analyze and interpret result for making effective business decisions.
CLO5: Evaluation of uncertainty using probability theory.
CLO 6: Create statistical models for forecasting.
Pedagogy for Course Delivery: The course pedagogy will include four quadrant approach, discussion on numerical applications, computational practice
through Ms-Excel.
List of Professional Skill Development Activities (PSDA):
i. Presentation of a secondary data by various data visualization tool using Ms Excel and interpretation.
ii. Term paper on application of statistical tools to describe any secondary data and interpret the result.
Assessment/ Examination Scheme:
Theory L/T (%) Lab/Practical/Studio (%)
100
Theory Assessment (L&T):
Continuous Assessment/Internal Assessment End Term Examination
(50 %) (50%)
Components (Drop Mid Term Exam Home Assignment Presentation Term Paper Attendance
down)
Linkage of PSDA with PSDA1 PSDA2
Internal Assessment
Component, if any
Weightage (%) 15 10 10 10 5 50
Mapping Continuous Evaluation components/PSDA with CLOs
Bloom’s Level > Remembering Understanding Applying Analyzin Evaluating Creating
g
Course Learning CLO1 CLO2 CLO3 CLO4 CLO5 CLO 6
Outcomes
Assessment
type/PSDA
Mid Term Exam
Home Assignment
Presentation(PSDA1
)
Term Paper(PSDA2)
Text Reading:
Sharma J K (2014), Fundamentals of Business Statistics, Vikas Pub. House 2. Gupta S P (2013),
Statistical Methods, S. Chand & Co.
Kapoor & Sancheti,(2011), Business Statistics, Sultan Chand & Sons
References:
Anderson Sweeney Williams(2010), Statistics for Business and Economics, Eighth edition, Thomson
Rubin & Levin (2013), Statistics for Management, Seventh edition, Pearson, Prentice Hall of India.
Any other Study Material:
Levine D.M.,David F. Stephan,Kathryn A. Szabat( 2017), Statistics for Managers Using Microsoft Excel, Eighth edition, Pearson
