Department of MIS Course Outline
Faculty of Business Studies Business Statistics (MIS-304)
University of Dhaka MIS 17th Batch
Instructor: Jahangir Alam, Lecturer, Office location: MIS Department Office,
Department of MIS, University of Dhaka Faculty of Business Studies, University of
Dhaka
Cell: 01918984999 Office phone: 880-2-9661920-73 Ext.8111
E-mail address:
[email protected] Office Room: 8012
Course Objectives and Outcomes: This course introduces the use of statistical methods and tools
in evaluating data for business and management decision making. Emphasis will be given on the
basic concepts of Statistics, data analysis, central tendency, correlation and regression analysis,
index numbers and time series analysis. Students will be exposed to these topics and how each
applies to and can be used in the business environment. Students will master problem solving using
both manual computations and statistical software. Upon completion of this course, students will be
able to apply statistical knowledge in solving problems regarding business.
Text(s) :
a. Gupta, S. P., Gupta, M. P. (2010), Business Statistics, 16th ed., Sultan Chand &
Sons, New Delhi.
b. Lind, D. A., Marchal, W. G., Wathen, S. A. (2017) Statistical Techniques in
Business and Economics, McGraw-Hill
c. Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., Cochran, J. J.
(2014) Statistics for Business and Economics.
d. Richard I. Levin & David S. Rubin, Statistics for Management, Latest Edition,
McGraw-Hill Company,. New York,
Teaching Methodology:
Lecture and experiential learning methods will be applied to create a better learning
environment for the students.
Active participation is expected from the students especially in contemporary issues.
Grading Scheme:
Class attendance and participation...……………………………..10
Mid-term Examination……………………….………..…………..30
Course Final Examination………………………………………...60
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Total: 100
Business Statistics
No. Topics
Chapter 1 Introduction: Introduction to the Course, Meaning and uses of statistics, Types,
Scope and Limitations of Statistics, Variable and Its Types. Reasons for Studying
Statistics as a Discipline.
Chapter 2 Collection and Processing Data: Data & Sources of Data (Primary & Secondary),
Designing Questionnaire ,etc.
Chapter 3 Presentation of Data: Arranging data using the Data Array and the Frequency
Distribution, Construction of a Frequency Distribution, Principles of
Classification, Graphical Representation for Quantitative and Qualitative Data
(Histogram, Ogive, Pie-chart, Bar Diagram and Frequency Polygon)
Chapter 4 Measures of Central Tendency and Dispersion: Central Tendency, Dispersion,
Applications/Computation of Different Measures of Central Tendency: Arithmetic
Mean, Median, Mode, Geometric Mean etc. Different Measures of Dispersion:
Absolute Measurements (Range, Interquartile Range, Interfractile Range, Mean
Deviation, Variance, Standard Deviation etc) and Relative Measurements
(Coefficient of Variation, Coefficient of Mean Deviation, etc.)
Chapter 5 Correlation Analysis: Define Correlation, Types of Correlation on the basis of
Scatter Diagram and the value of the Coefficient of Correlation, Computation of
Coefficient of Determination & Interpret the Result.
Chapter 6 Regression Analysis: Definition, Scatter Diagram, Fitting Regression Line and
Predict the Value of the Dependant Variable on the Value of the Independent
Variable.
Chapter 7 Index Number: Definition, Uses and Problems, Methods for Constructing
unweighted and weighted index numbers.
Chapter 8 Interpolation and Extrapolation: Definition, Uses and Problems, Methods for
Constructing unweighted and weighted index numbers.
Chapter 9 Time Series Analysis & Forecasting: Concept of Time Series, Usefulness and
Limitation of Time Series Data, Components of Time Series Data: Concept and
Math.
Chapter 10 Sampling distributions: Sampling distribution of sample mean, sample proportion
and sample variance, Concepts, uses and properties of Chi-square, t and F
distributions.
Chapter 11 Test of hypothesis: Concepts, Tests of the Mean, Test of Equality of Two Means,
Test of Population Proportion, Test of the population variance, Test of Correlation
Coefficient. Review
Note: The course instructor retains the authority to modify this outline by adding or removing
chapters as deemed necessary.
