University of Dhaka Department of International Business

EMBA Program Fall 2012 Semester

EIB 504: Business Statistics

Course Instructor Prof. Abu Hena Reza Hasan, Department of International Business; University of Dhaka. Phone: +8801711788638; e-mail: ahrhasan@yahoo.com
1. 2. 3. 4. Text Book (TB) Douglas A Lind, William G Marchal and Samuel A Wathen. Statistical techniques in Business and Economics (13/e). Tata McGraw Hill Education Private Limited, 2008. Richard I Levin and David S. Rubin. Statistics for Management (7/e), Prentice Hall of India Private Limited, Seventh Edition, 2002. Amir D Aczel and Jayapal Sounderpandian. Complete Business Statistics (6/e). Tata McGraw Hill, India, 2008. David R. Anderson, Dennis J. Sweeney, and Thomas A. Williams. Statistics for Business and Economics. Thomson South-Western College Publishing, 10th Revised Edition, 2009.

Objective and Scope of Course This course covers the concepts and techniques concerning exploratory data analysis, frequency distributions, central tendency and variation, probability, sampling, inference, regression, and correlation. Students will be exposed to these topics and how each applies to and can be used in the business environment. At the conclusion of this course the student should be able to: Explain the concepts and statistical techniques used to analyze business data. Use the essential tools of applied statistics. Use statistical analysis as decision support in all areas of business; Apply quantitative analysis to the problems found in managing a business, government, or non-profit organization, whether production or service oriented. Course Outline Data sets & sources of data; Elements v. variables v. observations; Qualitative v. quantitative data ; Scales of measurement (nominal, ordinal, interval & ratio); Crosssectional, time series, & descriptive statistics; Define samples v. populations; population v. parameter v. sample v. statistics; Frequency & relative frequency distributions; Cumulative frequency & cumulative relative frequency distributions; Data presentations bar graphs, pie charts, histograms, ogive. Numerical Methods: Numerical measures of location, dispersion; Sample statistics, population parameters & point estimators; Measures of central location - mean, median, mode, percentiles & quartiles; Measures of variability - range, variance, standard deviation; box plots Basic definitions; Basic rules of probability; Conditional probabilities; Unconditional probabilities; Bays theorem; Probability distribution - Discrete and Continuous Definitions of sampling; Random sampling; Experiments; Standard error; Sampling distribution; Central Limit Theory (CLT); Relationship between sample size and standard error Point estimate; Definitions of confidence interval, alpha, sampling error, confidence level, standard error, margin of error, degrees of freedom; Confidence intervals & estimates for population means & proportions; Level of significance & confidence coefficient; tdistribution; Sample size estimation. Basic concepts of hypothesis testing; Testing hypothesis when population standard deviation is known and unknown; Large sample tests and small sample tests; Hypothesis tests of proportions; one sample tests and two sample tests; Measuring the power of a hypothesis test; p-Values.

Understanding data and data arrangement

Descriptive Statistics

Probability and Probability Distribution Sampling and Sampling Distributions Estimation/ Confidence Intervals Testing Hypothesis

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Linear Regression Analysis and Correlation Index Number Time Series and Forecasting

Dependent v. independent variables; Scatter diagrams; Simple linear regression to model the relationship - model, equation, estimated regression & simple linear regression equation; Method of least squares; Coefficient of determination; Correlation. Use of computer to estimate regression lines; Multiple regression Definition of index number; Unweighted and weighted index numbers; Different types of index; Consumer price index Time series; Variations in time series; Trend analysis; Cyclical analysis; Seasonal analysis; Irregular variations;

Course Evaluation
Event Mid Term 1 Mid Term 2 Term Final Presentation Full Marks 15 15 40 10 Description Understanding data and data arrangement, Descriptive Statistics, Probability; Probability Distribution - Discrete Probability Distribution - Continuous; Sampling and Sampling Distributions; Confidence interval, Hypothesis; Regression Analysis and Correlation, Index Number, Time series Group presentation. Students have to work on a project in groups and present their works in class. Group size will be between 4 and 6. The group must submit a hard copy of the presentation before oral presentation. Participation in the group presentation is compulsory. It is individual work. Students shall get topics for writing short essays. Each student has to submit hard copy of term paper within the specific deadline. If it is found that students submit copy of term papers from another student, all those who submits duplicates or similar writings shall get 0 marks in the full course. In this situation he/she will be considered has failed in the course and must retake the course in the next semester. Class attendance is compulsory. Marks depends on the number of classes are attended by the student. In case a student attends less than 50% of the classes, he/she will get no marks for class attendance.

Term Paper

10

Class Attendance

10

Specific Rules for this Course 1. There will be no retake/makeup examination for any student who misses any of the mid term examinations. No second chance for presentation and term paper. 2. All students must have a scientific calculator for this course. It is expected that each one will bring the calculator in the class and participate in class works. 3. Mobile phones must be switched off during all examinations. A student will be expelled from examination hall if found is using mobile phone. Mobile phones shall not be allowed for use as alternative to calculator or watch. 4. During the class time students are not permitted to use mobile phones in the class room. Keep the cell phone in silent mode during class period. You should not talk on a mobile phone at any time during class. If anyone needs to use mobile phone during class, he/she must go out of the class room to use it. 5. Students must remember that handouts shall be provided in the class are not full reading material of the course. Studying the text book is must to pass the examination.

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