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Slot-1 (Sept 17 to Oct 26) Core Course

Course Title Analysis of Data Sessions: 15


Name of the Professor Course Credit: 0.75

General Description and Intent of the Course:

This course takes participants through basics of probability, descriptive and inferential statistics, and decision
making under uncertainty. The course intends to put participants at ease with basic statistical analysis often
needed in most areas in management.

Learning Objectives of the Course:


After completing the course, participants should be able to understand and perform basic statistical tests
required to analyse data in different domains in management.

Relationship with Other Courses:


This is a “tools” course to equip participants with tools required in other courses. Hence this can be
considered a basic course that feeds into other courses.

Pedagogy:
Lectures, computer based exercises, case studies.

Pre-requisites:
Basic high school mathematics

Evaluation: [Individual Evaluation should be not less than 50%]


1. Class Participation/Presentations (CP) 20%
th
2. Examination (after the 9 session) 40%
th
3. Examination (after the 15 session) 40%
Total 100%

Texts
 ASW: Anderson, Sweeney, Williams, Camm, and Cochran, Statistics for Business and Economics,
12e.
 A handout on decision making under uncertainty and risk.
Detailed Schedule (Session wise topics with list of cases/reading materials):

Session 1 Introduction to concepts in probability


Reading Chapter 4 in ASW
Session 2 Discrete probability distributions
Reading Chapter 5 in ASW
Session 3 Continuous probability distributions
Reading Chapter 6 in ASW
Session 4 Sampling distribution, central limit theorem
Reading Chapter 7 in ASW
Exercise To be distributed in class
Session 5 Interval estimation
Reading Chapter 8 in ASW
Exercise To be distributed in class
Session 6 Hypothesis testing (one sample tests)
Reading Chapter 9 and 11.1 in ASW
Caselet To be distributed in class
Session 7 Hypothesis testing (multiple samples)
Reading Chapter 10, 11.2 and 12 of ASW
Caselet To be distributed in class
Session 8 Regression (1)
Reading Chapter 14 of ASW
Session 9 Regression (2)
Reading Chapter 15 of ASW
Caselet To be distributed in class
Session 10 Decision making under uncertainty and risk (Decision criteria)
Reading Chapter 4 of handout
Session 11 Decisions under uncertainty
Reading Chapter 4 of handout
Case The FACET Tablet
Session 12 Decision trees
Reading Chapter 5 of handout
Case Sarah Chang's dilemma
Session 13 Sensitivity analysis
Reading Chapter 5 of handout
Case Sarah Chang's dilemma
Session 14 Value of information
Reading Chapter 5 of handout
Case Kowloon Development Co. Ltd.
Session 15 Wrapping up