BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI WORK INTEGRATED LEARNING PROGRAMMES. Digital Part cent Design Course Title [Quantitative Methods Course No(s) IMM ZG515 / QM ZG515 Credit Units 4 Credit Model Content Authors R Sujith Course Objectives No | This course combines business statistics and management science that are essential for business managers €O1 | To provide an understanding of various tools and techniques of Business Statistics 02 | To provide an understanding of various tools and techniques of Management Science C03 | Clarity on how to apply analytical techniques in different business situations and possibly use spreadsheets for solving problems ‘Text Book(s TI |D.M. Levine, T.C. Krehbiel, M.L. Berenson and P. K. Viswanathan, “Business Statistics: A | First Course”, Pearson Education, $* Ed,, 2011 2011 T2 Render, Stair & Hanna, Quantitative Analysis for Management, Pearson Education, 10° Fd. | Book(s) & other resources Ken Black, “Business Statistics: For Contemporary Decision Making 2010. R2 | Hillier and Hillier, Introduction to Management Science, 3" Edition, Tata MeGraw Hill, 2011 | Wiley, 5° Edition, | R3_| Naval Bajpai, Business Statistics, Pearson Education, 2010 Content Structure 1. Data Collection and Presenting data in Tables and Charts, 1.1 Collecting data and types of data 1.2 Tables and charts for Categorical 13 Organizing Numerical data 1.4 Cross tabulations and scatter diagrams 2, Numerical Descriptive Measures 2.1 Measures of central tendency, variation and shape 2.2 Numerical descriptive measures for a population 3. Probability 3.1 Basic probability concepts 3.2 Conditional probability 3.3 Bayes’ Theorm 4. Discrete probability distributions 4.1 Probability distribution for a diserete random variable 4.2 Binomial distribution 43 Poison distribution5. Continuous probability distributions and Normal distribution $.1 Continuous probability distributions 3.2 Normal distribution 5.3 General Procedure for finding normal probabilities 6, Sampling and Sampling Distributions 6.1 Sampling and Types of sampling methods 6.2 Sampling distribution of mean 6.3 Central limit theorem 6.4 Sampling distribution of mean and proportion 7, Confidence Interval Estimation 7.1 Confidence interval estimation for the mean (known) 7.2 Confidence interval estimation for the mean (cr unknown) 7.3 Confidence interval estimation for the proportion 7.4 Determining sample size 8. Fundamentals of Hypothesis Testing: One-Sample Tests 8.1 Hypothesis testing methodology 8.2 Z test of Hypothesis for the mean (« known) 83 One tal tests 8.4 ttest of Hypothesis for the mean (cr unknown) 8.5 Z test of Hypothesis for the proportion 9. Two-Sample Tests 9.1 Comparing means of two independent populations 9.2 Comparing means of two related populations 9.3 Comparing two population proportions 10. Fetestand ANOVA 10.1 F test for the difference between two variances 10.2 ANOVA 10.2.1 F test for differences among more than two means 10.2.2Multiple comparisons: The Tukey-Kramer Procedure 10.2.3 ANNOVA Assumptions 11, Chi-Square Tests 1.1 The Chi-square test for the difference between two proportions 11.2 Chi-Square Test for differences among more than two proportions 11.3 Test of independene: 11.4 Test of goodness of 12, Linear Programming Problems (LPP) 12.1 Introduction 12.2 Requirements of a Linear Programming Problem 12.3 Formulating LP Problems 12.4 Graphical Solution to an LP Problem 12.5 Solving Minimization Problems 12.6 Four Special Cases in LP 13. LPP: Simplex method 13.1 Introduction 13.2 How to Set Up the Initial Simplex Solution 13.3 Simplex Solution Procedures 134 The Second Simplex Tableau 13.5 Developing the Third Tableau 13.6 Review of Procedures for Solving LP Maximization Problems 14. LPP: Simplex method (Continue) 14.1 Recognize special cases such as infeasibility, unboundedness, and degeneracy 14.2 LPP Applications 14.2.1 Marketing Applications 14.2.2 Marketing Research Applications 14.2.3Financial Applications 14.2.4 Transportation Applications15, Transportation problem 15.1 Structure speci 15.2 Use the northwest corer, method for solving transportation problem 13.3 Use the Vogel's Approximation Method (VAM) for solving transportation problem 16, Assignment problem LP problems using the transportation and assignment models 16.1 Solve assignment problems with the Hungarian (matrix reduction) method No | Leaning Outcomes LOI | Able to understand data and basic statistics tools 102 _| Able to understand basies 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 Los | Understand ig Linear Programming, Transportation and Assignment techniques of Management science and their practical applica Part B: Learning Plan ‘Academie Term Second Semester 2017-2018 } Course Title Quantitative Methods | Course No MM ZGS15 (QM ZGSI5 | Lead Instructor R Sujith Contact Hour 1 Type | Content Ref. | Topic Title Study/HW Resource Reference PrecH | TL Given in content structure 1.1, 12} Overview of Ch. | During | PPTS. Given in content structure 1.1, 1.2 | PPTS cH Post CH | RI Given in content structure 1.1 Study Ch 1 Contact Hour 2 Type | Content Ref. | Topic Title Study/HW Resource Reference PrecH TI Given in content structure 1.3, 14 | Overview of Ch. 2 During | PPTS Given in content structure 1.3, 1.4 | PPTS cH Post CH | RI Given in content structure 1.3, 14 | Study Ch 1 Contact Hour 3 Type Content Ref, ‘Topie Title Study/HW Resource Reference