Vyasa Business School

SYLLABUS COPY_ MBA PROGRAM

2018-2020
Batch
 Credits:
Course Title: STATISTICS FOR MANAGERS Hours: 45
4.5
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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