Standardized Outline for Courses

Part A: Basic Details

QUANTITATIVE TECHNIQUES - II FOR BUSINESS

Name of Course MANAGEMENT

Course Instructor(s)
Dr. Pritha Guha (pritha@xlri.ac.in)
(please provide email id)
Academic Associate(s)
(please provide email id)

Area Production, Operations and Decision Sciences

Program BM 2020-22

Term 2

Type of Course
Core
(Core/Elective/Workshop)

Number of Credits 3

Number of Classroom Contact

30
Hours
Course Pre-requisites (if any,
including cut-off grades in Not Applicable
specific core courses)
Bowerman B., O’Connell R., Murphy E., Business Statistics in
Course Textbook Practice, 8th ed., McGraw Hill Education (India)

Course Handout to be Provided

Slides/data will be uploaded in AIS
(Yes/No)
No. of Sessions to be taken by
NIL
Guest Faculty
Name of Guest Faculty (if
Not Applicable
identified)

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 Standardized Outline for Courses

Part B: About the Course

Course Description Statistical inference is the process by which we

draw a conclusion about some measure of a
population based on a sample value. The
measure might be a parameter, such as the
average or mean amount of money that
consumers plan to spend on a new car, or an
attribute, such as the percent of consumers
favoring foreign cars to indigenous ones. The
purpose of sampling is to estimate these
characteristics for the population from which the
sample is selected. sample information may be
used for either of two purpose – reporting or
decision making. Tests of hypothesis are the
means of doing this and they will constitute the
a major topic to be discussed in this term. We
will cover both parametric and non-parametric
inference in this regard.
Course Learning Objectives (a) to appreciate the structure, concepts, and
tools of statistical inference.
(b) to clearly formulate the business
research question as a testable hypothesis.
(c) to select an appropriate statistical test for
examining the research question.
(d) proper interpretation and application of
test results.
(e) To provide necessary computing skills
using the software R.

Who is the course suitable for? (for electives Not Applicable

only)

Part C: AOL - Learning Goals Mapping at the Course Level*

AOL Learning Goal (PLO) Relevance for Course (put a tick)

Decision Making √

Quest for Excellence √

Sustainability

Global Mindset

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 Standardized Outline for Courses
Please indicate the rationale for choosing the
specific learning goal(s) for this course
*Description appended at the end of the document
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Response: Decision-making is an integral part
of modern management. A decision can be
defined as a course of action purposely chosen
from a set of alternatives to achieve
organizational or managerial objectives or goals
based on collected information/data.
Quantitative techniques are a tool which can
help managers to take a proper decision by
analysing the collected information on the
problem. This course involves the study of
collecting, analysing, and interpreting the
information/data which in turn helps one to
reach the proper conclusion. Learning effective
tools and techniques for effective decision
making, one can achieve long term goals in the
industry and hence fulfilling the quest for
excellence.
 Standardized Outline for Courses

Session Plan*

Chapters from Course Pedagogy (Case Studies/in-class

Session Textbook and Reading exercise/questionnaire/presentations)
Session Topic Course Learning Objectives
No(s) Material other than Case
Studies
1-2 Introduction to sampling (a)Population, Sample. Chapter 1(Section 1.7, Lectures, Problem Solving, Using
(b) Sampling Techniques: Random 1.8) software
Sampling; Non-Random Sampling.

3-4 Point Estimation (a)Basic concepts of point estimation. Handout and lecture notes Lectures, Problem Solving, Using
(b)Method to obtain point estimates. software

5-6 Interval estimation (a) Sampling distribution of sample mean Chapter 7, 8 Lectures, Problem Solving, Using
and sample proportion. software
(b)Basic concepts of confidence interval.
(b) Margin of error.
(c) Confidence interval for population
mean, population variance and population
proportion.
7-8 Testing of hypotheses (a)Basic idea of testing of hypotheses. Chapter 9 Lectures, Problem Solving, Using
(b)One sample tests for population mean, software
population proportion and population
variance.
9-10 Inference with two (a)Hypothesis testing for comparison of Chapter 10 Lectures, Problem Solving, Using
samples two population means, variances and software
proportions.
(b)The paired t test for matched samples.
(c)Confidence intervals for the difference
of two means, variances, and proportions.
11-12 More than two (a)Comparison of K means (ANOVA). Chapter 11 (Section 11.1, Lectures, Problem Solving, Using
populations (b)K proportions (Chi-square test). 11.2), lecture notes software
(c)K variance (Bartlett test).

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 Standardized Outline for Courses

13 Non-parametric tests (a)Chi-square Goodness-of-fit test. Chapter 12(Section 12.1), Lectures, Problem Solving, Using
(b)Mann-Whitney test; Wilcoxon signed- Chapter 17(Section 17.2, software
ranks test. 17.3, 17.4)
(c)Kruskall-Wallis test.
14-15 Introduction to regression (a)Concept of correlation and scatter plot Chapter 2(Section 2.6), Lectures, Problem Solving, Using
(b) Basic concepts of regression, Chapter 13 software
assumptions, least-squares estimation.
(c)Regression t-test, ANOVA, R2.
16-18 Multiple Regression (a)Model building, significance tests, Chapter 14 Lectures, Problem Solving, Using
residual analysis, interpretation of output. software
(b)Dummy variables.
(c)Interaction terms.
(d)Selection of variables.
19-20 Non-linear regression (a)Odds ratio. Chapter 14(Section Lectures, Problem Solving, Using
models (b)Logistic regression. 14.12) software

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 Standardized Outline for Courses

Details of Evaluation Components

Evaluation Module Yes/No Weightage for the PLO sub-dimension measured Average Number of Hours of
Evaluation Component1 Work Outside Classroom2
Mid-Term No NA NA NA

End-Term Yes 40 Decision Making: All dimensions 30

Quest for Excellence: All dimensions
Quizzes Yes 2 x 20 =40 Decision Making: All dimensions 30
Quest for Excellence: All dimensions
Assignments Yes 20 Decision Making: All dimensions 10
Quest for Excellence: All dimensions
Class Participation No NA NA NA

Presentation No NA NA NA

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