UNITY UNIVERSITY

FACULTY OF BUSINESS, ECONOMICS AND SOCIAL SCIENCES

DEPARTMENT OF MANAGEMENT AND MARKETING
COURSE OUTLINE

COURSE OVERVIEW:

 Course Instructor: Tesfaye Bisrat Contact: issactbh@gmail.com, Office Rm. 88

 Course title: Managerial Statistics
 Course Number: Mgmt 313
 Credit Hours: 3 Contact Hours: 4
 Prerequisite(s): Introduction to Statistics (Stat.192)

COURSE DESCRIPTION AND SIGNIFICANCE

This course is designed to assist decision makers with the essential elements of statistics
including descriptive analysis, statistical relationships (including correlation and regression),
probability distributions, sampling and inference (including estimation and hypothesis
testing). Accordingly, the insight from the course enables students to:

 Be familiar with statistical concepts/tools and their corresponding managerial

application
 Make full use of information by organizing & analyzing the inputs, applying the
relevant statistical tools, for effective decision making.
 Apply a variety of statistical methods to collect, summarize, analyze and interpret
data in research works;
 Understand risky and random events and to evaluate the likelihood of various
potential outcomes

COURSE CONTENTS

1. Introduction (Session 1-4, 4 hours)

a. The Nature of Statistics
b. Characteristic of Descriptive and Inferential Statistics
c. Descriptive Statistics Revised
i. Describing Data using Tables and Graphs
ii. Describing Data using Numbers (Summary Measures)
2. Probability Distributions (Session 5- 20, 16 hours)
a. Probability Theory: Concepts, Approaches, and Rules
b. Random Variables and Probability Distribution (Characteristics & applications)
i. Discrete Probability Distribution
 Binomial Probability Distribution
 Hypergeometric Probability Distribution

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  Poisson Probability Distribution
ii. Continuous Probability Distribution
 Normal Probability Distribution
3. Sampling and Sampling Distributions (Session 21-26, 6 hours
a. Sampling Theory: Basic Concepts, Sampling Rationale, Sampling Errors, and
Techniques
b. Sampling Distribution: Theory and Application
i. Sampling Distribution of the Means
ii. Sampling Distribution of the Proportions…
4. Statistical Estimation (Session 27-32, 6 hours)
a. Concepts of Estimation
b. Point Estimation and Confidence Intervals……
i. For the Population Mean using the Normal Probability Distribution
ii. For the Population Proportion using the Normal Probability Distribution
iii. For the Population Mean using the t Distribution
c. Determining Sample Size for Estimating Population Mean and Proportion
5. Hypothesis Testing (Session 33-45, 13 hours)
a. One-Sample Tests of Hypothesis
i. Introduction: Theory and Process
ii. For Population Mean using Normal Probability Distribution
iii. For the Population Mean using t-Distribution
iv. For Population Proportion using Normal Probability Distribution
v. Computing Probabilities of Type I and Type II Errors
b. Two-Sample Tests of Hypothesis
i. Comparing the Means of Two Populations based on Independent Samples and
the Normal Probability Distribution
ii. Comparing the Means of Two Populations (with equal variances) using the t
Distribution based on independent samples
iii. Comparing the Means of Two Populations (with unequal variances) using the t
Distribution based on independent samples
iv. Comparing the Proportions of Two Populations using the Normal Probability
Distribution (independent samples)
v. Comparing the Means of Two Populations based on Dependent or Paired
Samples
6. Chi-Square Test (Session 46-50, 5 hours)
a. Properties
b. Goodness of Fit Test
c. Testing Independence of Attributes
7. Analysis of Variance (ANOVA) (Session 51-55, 5 hours)
a. Properties of the F-Test
b. Testing a Hypothesis of Equal Population Variances
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 c. Testing Hypothesis about the Differences of the Means of several Populations
i. One-way ANOVA
ii. Two-way ANOVA without interaction
iii. Two-way ANOVA with interaction
8. Linear Correlation and Simple Linear Regression Analysis (Session 56-60, 5 hours)
a. Covariance and Karl Pearson’s Correlation Coefficient
b. Spearman’s Rank Correlation Method
c. Testing the Significance of Correlation Coefficient
d. The Estimated Regression Equation; The Least Square Method
e. Coefficient of Determination (R2)

EVALUATION SCHEME

Course grade will be based on:

 Attendance…….............5%
 Assignments* …………..20%
 Tests (3)…………………..25%
Semester Total: 50%
 Final Examination……..50%
Grand Total: 100%
* Assignments include routine class work and homework; worksheet assignments; and
reading assignment
The grading system uses fixed scale. It shall consist of the following grade ranges:
A+............ > 90 A ...............80-90 B+............. 75-79

B........... 65-74 C+............ 60-64 C...............50-59

D................ 40-49 F.............. <40

INSTRUCTIONAL METHODS: Lectures, Group discussions and exercises.

COURSE MATERIALS: Module, Example sheets (Students are always expected to come to
class with their example sheets and modules), Assignment
worksheets.

REQUIRED TEXT BOOK

Douglas, A. Lind, William, G. Marshal, 2017. Statistical Techniques in Business and

Economics. 17th ed. New York: McGraw-Hill.

ADDITIONAL READINGS

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Abdul Quader Miah, 2016. Applied Statistics for Social and Management Sciences .
Singapore: Springer Science & Business Media.
Amir Aczel, Jayavel Sounderpandian, 2008. Complete Business Statistics. 7th ed. New York:
McGraw-Hill.
C.R. Kothari, 2004. Research Methodology. 2nd ed. New Delhi: New Age International.
Chandan,Jlts, 2009. Statistics for Business and Economics . New Delhi: Vikas Publishing
House.
David R., Anderson, Dennis J., Sweeney, Thomas A., Williams, 2015. Modern Business
Statistics. Boston: Cenegage.
Dominick Salvatore, & Derrick Regale, 2002. Schaum’s Outline of Statistics and
Econometrics. 2 ed. New Delhi: Tata McGraw-Hill.
nd

Douglas A. Lind, William G. Marchal, Samuel A. Wathen, 2011. Basic statistics for Business
and Economics. 8th ed. New York: McGraw-Hill.
Gerald keller, 2011. Statistics for Management and Economics. 9th ed. Sydney: Cengage
Learning.
J. K. Sharma, 2014 . Business Statistics. 4th ed. New Delhi: Vikas Publishing House.
Leonard J. Kazmier, 2010. Schaum’s Outlines of Theory and Problems of Business Statistics.
4th ed. New York: Mc-Graw-Hill Companies.
P.k. VISWANATHAN, 2006. Business Statistics. New Delhi: Pearson Education.
Roger Porkess, 2005. Collins Internet-linked Dictionary of Statistics . 2nd ed. Glasgow:
HarperCollins.
S P Rajagopalan, R Satanathan, 2006. Business Statistics and Operations Research .
Chennai: Vijay Nicole.

TEACHING –LEARNING ISSUES

The following are intended to foster smooth and effective teaching-learning environment;

1. Performance: Positive attitude; Consistent attendance; Exercise (practice); Purposeful and

balanced life style (work and entertainment); Avoiding complacency &
negligence

2. Relationship: Free classroom interaction; partnership between students and instructors

with the ultimate goal of building family like relationship

3. Approach (Values): interactive teaching methods; Knowledge sharing; Sharing ethical,

moral and academic values; Voluntary participation; Appropriate use
of time

4. Discipline: Obeying rules; Integrity (avoid cheating and copying); Punctuality (in class
attendance and deadlines); Classroom manner; No distraction (disturbance of
others); Mutual respect

GOOD LUCK AND ENJOY YOUR CLASS!!

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