This module is intended to impart the core of statistical inference - estimation and hypothesis testing.
designing to give knowledge to students on the topics focusing on experimental design and Statistical Quality Control.
The Assignments will be conducted by the Students,
The CAT will be done during the period of teaching
The Finl exam will be given at the end.
INDICATIVE CONTENTS
UNIT-1
What and why, Statistics defined, Descriptive statistics, Inferential statistics, Role of probability, Scope of statistics, Statistical applications, Statistical concepts - Population, Sample, Parameter, Statistic, Data and variables, Quantitative & Qualitative data, Levels of measurement- Nominal, Ordinal, Interval and ratio scale, Discrete and continuous data, Data sources
Unit-2
Frequency distributions - Univariate frequency distribution -Presenting frequencies: Formation of a discrete frequency distribution, Frequency distribution tables, Formation of a continuous frequency distribution- Class limits, Class intervals, Class frequency, Class mid-point, Cumulative and relative frequency distribution; Bi-variate frequency distribution, Presenting frequencies- Cross tabulations
Unit-3
Diagrammatic and graphical presentation of data- Graphical forms, Discrete – e.g. Bar charts and Ogive, Continuous- e.g. Histogram and Ogive (Less common graphs), Scatter diagrams
Unit - 4
Measuring location: Arithmetic mean, median, mode (Specific Topics: Quadratic mean, Geometric mean, Harmonic mean)
Unit -5
Measures of Dispersion (Variability) or Spreads: Range and inter-quartile range, Variance and Standard deviation, Coefficient of variation, Percentile; Skewness and Kurtosis, Cheby cheff’s rule, Empirical rule
Unit -6
MEASURES OF LINEAR RELATIONSHIP: Covariance, Coefficient of correlation, Least squares method, Regression line, linear transformations and combinations: Linear transformations of variables- Mean and Variance, Standardization.
Unit -7
INDEX NUMBERS: Meaning and Use of index numbers, simple, complex, value and quantity indexes, splicing, Consumer price index, GDP deflator.
UNIT -8: STATISTICAL COMPUTATIONS Using – Excel
UNIT- 9: INTRODUCTION TO PROBABILITY (Not Examinable)
Objectives: To enable the students to have a Basic understanding of the various statistical techniques and their application in Business and Decision making. In this course Learners will focus on the following Units:
UNIT-1
What and why, Statistics defined, Descriptive statistics, Inferential statistics, Role of probability, Scope of statistics, Statistical applications, Statistical concepts - Population, Sample, Parameter, Statistic, Data and variables, Quantitative & Qualitative data, Levels of measurement- Nominal, Ordinal, Interval and ratio scale, Discrete and continuous data, Data sources
Unit-2
Frequency distributions - Univariate frequency distribution -Presenting frequencies: Formation of a discrete frequency distribution, Frequency distribution tables, Formation of a continuous frequency distribution- Class limits, Class intervals, Class frequency, Class mid-point, Cumulative and relative frequency distribution; Bi-variate frequency distribution, Presenting frequencies- Cross tabulations
Unit-3
Diagrammatic and graphical presentation of data- Graphical forms, Discrete – e.g. Bar charts and Ogive, Continuous- e.g. Histogram and Ogive (Less common graphs), Scatter diagrams
Unit - 4
Measuring location: Arithmetic mean, median, mode (Specific Topics: Quadratic mean, Geometric mean, Harmonic mean)
Unit -5
Measures of Dispersion (Variability) or Spreads: Range and inter-quartile range, Variance and Standard deviation, Coefficient of variation, Percentile; Skewness and Kurtosis, Cheby cheff’s rule, Empirical rule
Unit -6
MEASURES OF LINEAR RELATIONSHIP: Covariance, Coefficient of correlation, Least squares method, Regression line, linear transformations and combinations: Linear transformations of variables- Mean and Variance, Standardization.
Unit -7
INDEX NUMBERS: Meaning and Use of index numbers, simple, complex, value and quantity indexes, splicing, Consumer price index, GDP deflator.
UNIT -8: STATISTICAL COMPUTATIONS Using – Excel
UNIT- 9: INTRODUCTION TO PROBABILITY (Not Examinable)
.
The module signifies the systematic way of
conducting research for the business decision making. The module describes the distinction between
the real business problem and symptom for the problem, and process to be
adopted for finding out the options for the business problem working with
managers. The contents of the module is
framed in such way that the student will be able apply the learning on a
practical business problem and find out the options, and the same will be
presented in the form of written and / or oral format.