Birla Institute of Technology & Science, Pilani

Work Integrated Learning Programmes Division

Quantitative Methods
Digital LearningHandout

Course Title Quantitative Methods

Course No(s) MM ZG515 / QM ZG515
Credit Units 4
Credit Model
Instructor-In-Charge Srinivas Kota
Version Number
Date

Course Objectives:
 This course combines business statistics and management science that are essential for business
managers.
 To provide an understanding of various tools and techniques of Business Statistics
 To provide an understanding of various tools and techniques of Management Science
 Clarity on how to apply analytical techniques in different business situations and possibly use
spreadsheets for solving problems

Text Book(s):
T1 D.M. Levine, T.C. Krehbiel, M.L. Berenson and P. K. Viswanathan, “Business Statistics: A First
Course”, Pearson Education, 5th Ed., 2011.
T2 Render, Stair & Hanna, Quantitative Analysis for Management, Pearson Education, 10th Ed., 2011.

Reference Book(s) & other resources:

R1 Ken Black, “Business Statistics: For Contemporary Decision Making”, Wiley, 5th Edition, 2010.
R2 Hillier and Hillier, Introduction to Management Science, 3rd Edition, Tata McGraw Hill, 2011
R3 Naval Bajpai, Business Statistics, Pearson Education, 2010

LEARNING OUTCOMES

LO1 Able to understand data and basic statistics tools

LO2 Able to understand basics of probability and probability distributions

LO3 Understanding basics of hypothesis testing (One sample and two sample tests)

LO4 Understanding of ANNOVA and Chi-square tests

LO5 Understanding Linear Programming, Transportation and Assignment techniques of Management
science and their practical applications

Experiential Learning Components:

1. Lab work:None.
2. Project work: None.
3. Case study: None.
4. Work integrated Learning Exercise: None.
5. Design work/Field work: None.

Content Structure:

Contact Hour List of Topic Title Sub-Topics Reference

 Collecting data and types of data T1-Ch.1,
Data Collection and
 Tables and charts for Categorical R1-Ch.1 &
1-2 Presenting data in
Tables and Charts  Organizing Numerical data Cross PPT
tabulations and scatter diagrams
 Measures of central tendency, T1-Ch.3,
Numerical Descriptive variation and shape R1-Ch.3 &
3-4
Measures  Numerical descriptive measures for PPT
a population
 Basic probability concepts T1-Ch.4,
5-6 Probability  Conditional probability R1-Ch.4 &
 Bayes’ Theorem. PPT
 Probability distribution for a T1-Ch.5,
Discrete probability discrete random variable R1-Ch.5 &
7-8
distributions  Binomial distribution PPT
 Poison distribution
 Continuous probability T1-Ch.6,
Continuous probability distributions R1-Ch.6 &
9-10 distributions and  Normal distribution PPT
Normal distribution  General Procedure for finding
normal probabilities
 Sampling and Types of sampling T1-Ch.7,
methods R1-Ch.7 &
Sampling and Sampling  Sampling distribution of mean PPT
11-12
Distributions  Central limit theorem
 Sampling distribution of mean and
proportion
 Confidence interval estimation for T1-Ch.8,
the mean (σ known) R1-Ch.8 &
Confidence Interval
13-14  Confidence interval estimation for PPT
Estimation
the mean (σ unknown)
 Confidence interval estimation for
 the proportion
 Determining sample size
 Hypothesis testing methodology T1-Ch.9,
 Z test of Hypothesis for the mean R1-Ch.9 &
(σ known) PPT
Fundamentals of
 One tail tests
15-16 Hypothesis Testing:
One-Sample Tests  T test of Hypothesis for the mean
(σ unknown)
 Z test of Hypothesis for the
proportion
 Comparing means of two T1-Ch.9,
independent populations R1-Ch.10 &
 Comparing means of two related PPT
17-18 Two-Sample Tests
populations
 Comparing two population
proportions
 F test for the difference between T1-Ch.10,
two variances T2-Ch10,
 ANOVA: R3-Ch.12 &
 F test for differences among PPT
19-20 F-test and ANOVA more than two means
 Multiple comparisons: The
Tukey-Kramer Procedure
 ANNOVA Assumptions

 The Chi-square test for the T1-Ch.11,12,

difference between two proportions R1-Ch.12 &
 Chi-Square Test for differences PPT
21-22 Chi-Square Tests
among more than two proportions
 Test of independence
 Test of goodness of fit
 Introduction T2-Ch.7 &
 Requirements of a Linear PPT
Programming Problem
Linear Programming  Formulating LP Problems
23-24
Problems (LPP)  Graphical Solution to an LP
Problem
 Solving Minimization Problems
 Four Special Cases in LP
 Introduction T2-Ch.9 &
 How to Set Up the Initial Simplex PPT
Solution
25-26 LPP: Simplex method
 Simplex Solution Procedures
 The Second Simplex Tableau
 Developing the Third Tableau
LPP: Simplex method  Recognize special cases such as T2-Ch.8,9 &
27-28
(Continue) infeasibility, unboundedness, and PPT
 degeneracy
 LPP Applications
 Marketing Applications
 Marketing Research
Applications
 Financial Applications
 Transportation Applications

 Structure special LP problems T2-Ch.10 &

using the transportation and PPT
assignment models
 Use the northwest corner, method
29-30 Transportation problem
for solving transportation problem
 Use the Vogel's Approximation
Method (VAM) for solving
transportation problem
 Solve assignment problems with T2-Ch.10 &
31-32 Assignment problem the Hungarian (matrix reduction) PPT
method

Evaluation Scheme:

Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session

Evaluation Name Type (Open Weight Duration Day, Date, Session,
Component (Quiz, Lab, Project, Mid- book, Closed Time
term exam, End semester book,
exam, etc.) Online, etc.)
EC - 1 Quiz-I/ Assignment-I Online 5% August23 – September
01, 2019
Quiz-II Online 5% September27 – October
6, 2019
Quiz-III/ Assignment-II Online 5% November 01 – 10,
2019
EC - 2 Mid-Semester Test Closed Book 35% 2 hours Saturday, 21/09/2019
(AN)
2 PM – 4 PM
EC - 3 Comprehensive Exam Open Book 50% 3 hours Saturday, 16/11/2019
(AN)
2 PM – 5 PM

Syllabus for Mid-Semester Test (Closed Book): Topics in Contact Hours: 1 to 16

Syllabus for Comprehensive Exam (Open Book): All topics
Important links and information:
Elearn portal: https://elearn.bits-pilani.ac.in
Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest
announcements and deadlines.
Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn
portal.
Evaluation Guidelines:
1. EC-1 consists of either two Assignments or three Quizzes. Students will attempt them through the
course pages on the Elearn portal. Announcements will be made on the portal, in a timely
manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound)
is permitted. However, loose sheets of paper will not be allowed. Use of calculators is permitted
in all exams. Laptops/Mobiles of any kind are not allowed. Exchange of any material is not
allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student
should follow the procedure to apply for the Make-Up Test/Exam which will be made available
on the Elearn portal. The Make-Up Test/Exam will be conducted only at selected exam centres on
the dates to be announced later.
It shall be the responsibility of the individual student to be regular in maintaining the self-study schedule
as given in the course handout, attend the online lectures, and take all the prescribed evaluation
components such as Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the
evaluation scheme provided in the handout.

Instructor-in-charge
(MM ZG515 / QM ZG515)