BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI

WORK INTEGRATED LEARNING PROGRAMMES

Digital

Part A: Content Design

Course Title Quantitative Methods

Course No MBA ZC417/PDBA ZC417/PDFT ZC417
Credit Units 4
Content Author Prof Sandeep Kayastha

Course Objectives (CO)

CO-1 To introduce the concepts and techniques of Business Statistics.

CO-2 To introduce understanding of concepts and techniques of select Management

Science.

CO-3 To introduce MS Excel computer software to solve Business Statistics and

Management Science problems.

Textbooks (T)
T-1 David M Levine, Kathryn A Szabat, David F Stephan and PK
(for Business Viswanathan. Business Statistics. Seventh Edition. Pearson Education.
Statistics) 2011.

T-2 David R Anderson, Dennis J Sweeney, Thomas A Williams, Jeffrey D

(for Management Camm and Kipp Martin. Quantitative Methods for Business. Twelfth
Science) edition. Cengage Learning. 2013.

Reference Books (R)

R-1 Ken Black. Business Statistics. Fifth edition. Wiley. 2010.
(for Business Statistics)

R-2 Amir D Aczel, Jayavel Sounderpandian, Palanisamy Saravanan and

(for Business Statistics)
R-3
(for Management Science)
R-4
(for Management Science)
Rohot Joshi. Complete Business Statistics. Seventh edition. McGraw
Hill. 2012
Fredrick S Hillier and Mark S Hillier. Introduction to Management
Science. Fourth edition. McGraw Hill. 2015.
Barry Render, Ralph M Stair, Michael E Hanna and TN Badri.
Quantitative Analysis for Management. Tenth edition. Pearson
Education. 2011.
 Content Structure
Part-I: Business Statistics

1. Defining and Collecting Data

1.1. Defining variables
1.2. Collecting data
1.3. Types of sampling methods
1.4. Types of survey methods

2. Organizing and Visualizing Variables

2.1. Organizing categorical variables
2.2. Organizing numerical variables
2.3. Visualizing categorical variables
2.4. Visualising numerical variables
2.5. Visualising two numerical variables
2.6. Organizing and visualizing a set of variables

3. Numerical Descriptive Measures

3.1. Central tendency
3.2. Variation and shape
3.3. Exploring numerical data
3.4. Numerical description measures for a population
3.5. The covariance and the coefficient of correlation

4. Basic Probability
4.1. Basic probability concepts
4.2. Conditional probability
4.3. Bayes’ Theorem

5. Discrete Probability Distributions

5.1. The probability distribution for a discrete random variable
5.2. Binomial distribution
5.3. Poison distribution

6. The Normal distribution

6.1. Continuous probability distributions
6.2. The Normal distribution

7. Sampling Distributions
7.1. Sampling distributions
7.2. Sampling distribution of the mean
7.3. Sampling distribution of the proportion

8. Confidence Interval Estimation

8.1. Confidence interval estimation for the mean (σ known)
8.2. Confidence interval estimation for the mean (σ unknown)
8.3. Confidence interval estimation for the proportion
8.4. Determining sample size

9. Fundamentals of Hypothesis Testing: One-Sample Tests

9.1. Fundamentals of Hypothesis testing methodology
9.2. t test of Hypothesis for the mean (σ unknown)
 9.3. One-tail tests
9.4. Z test of Hypothesis for the proportion

10. Two-Sample Tests and ANOVA

10.1. Comparing the means of two independent populations
10.2. Comparing the means of two related populations
10.3. Comparing the proportions of two independent populations
10.4. F test for the difference between two variances
10.5. One way ANOVA

11. Chi-Square Tests

11.1. 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 independence
11.4. Test of goodness of fit

12. Simple Linear Regression

12.1. Types of Regression models
12.2. Determining the simple linear Regression equation
12.3. Measures of variations

Part-II: Management Science

13. Introduction to Linear Programming

13.1. A simple maximization problem
13.2. Graphical solution procedure
13.3. Extreme points and the optimal solution
13.4. Computer solution

14. Linear Programming Applications in Marketing, Finance, and Operations Management

14.1. Marketing Applications
14.2. Financial Application
14.3. Operations Management Applications
14.4. Computer solutions

15. Distribution and Network Models

15.1. Transportation Problem
15.2. Assignment Problem
15.3. Transshipment Problem
15.4. Computer solution

Learning Outcomes (LO)

LO-No Learning Outcome

LO-1 The student would be able to formulate and solve problems related to Business
Statistics and Management Science.

LO-2 The student would be able to solve the problems using Microsoft Excel.
 Part B: Learning Plan

Academic Term First Semester 2021-2022

Course Title Quantitative Methods
Course No MBA ZC417/PDBA ZC417/PDFT ZC417
Instructor Prof Sandeep Kayastha

Contact Hour 1
Content
Referenc
Type e Topic Study/HW Resource Reference
Read Chapter 1 (T1)
Pre CH 1 Defining and collecting data Watch Video Recordings
During
CH 1 Defining and collecting data Chapter 1 (1.1 to 1.2) (T1)
Post CH 1 Defining and collecting data Solve selected textbook problems

Contact Hour 2 & 3

Content
Type Reference Topic Study/HW Resource Reference
Organising and Visualising
Variables & Numerical Read Chapters 2, 3 (T1)
Pre CH 2, 3 Descriptive Measures Watch Video Recordings
Organising and Visualising
During Variables & Numerical Chapters 2 & 3 (2.1 to 2.6, 3.1 to
CH 2, 3 Descriptive Measures 3.5) (T1)
Organising and Visualising
Variables & Numerical
Post CH 2, 3 Descriptive Measures Solve selected textbook problems

Contact Hour 4 &5

Content
Referenc
Type e Topic Study/HW Resource Reference
Read Chapter 4;
Pre CH 4 Basic Probability Watch Video Recordings
During
CH 4 Basic Probability Chapter 4 (4.1 to 4.3) (T1)
Post CH 4 Basic Probability Solve selected textbook problems

Contact Hour 6
Content
Type Reference Topic Study/HW Resource Reference
Discrete Probability Read Chapter 5 (T1)
Pre CH 5 Distributions Watch Video Recordings
During Discrete Probability
CH 5 Distributions Chapter 5 (5.1 to 5.3) (T1)
 Discrete Probability
Post CH 5 Distributions Solve selected textbook problems

Contact Hour 7
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 6 (T1);
Pre CH 6 The Normal Distribution Watch Video Recordings
During
CH 6 The Normal Distribution Chapter 6 (6.1 to 6.2) (T1)
Post CH 6 The Normal Distribution Solve selected textbook problems

Contact Hour 8
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 1 & Chapter 7 (T1);
Pre CH 7 Sampling Distributions Watch Video Recordings
During Chapter 1 (1.3 to 1.4) & Chapter
CH 7 Sampling Distributions 7 (7.1 to 7.3) (T1)
Post CH 7 Sampling Distributions Solve selected textbook problems

Contact Hour 9
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 8 (T1);
Pre CH 8 Confidence Interval Estimation Watch Video Recordings
During
CH 8 Confidence Interval Estimation Chapter 8 (8.1 to 8.4) (T1)
Post CH 8 Confidence Interval Estimation Solve selected textbook problems

Contact Hour 10
Content
Type Reference Topic Study/HW Resource Reference
Fundamentals of Hypothesis Read Chapter 9 (T1);
Pre CH 9 Testing Watch Video Recordings
During Fundamentals of Hypothesis
CH 9 Testing Chapter 9 (9.1 to 9.4 ) (T1)
Fundamentals of Hypothesis
Post CH 9 Testing Solve selected textbook problems

Contact Hour 11
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 10 Two-Sample Tests and ANOVA Read Chapter 10 (T1)
During
CH 10 Two-Sample Tests and ANOVA Chapter 10 (10.1 to 10.5) (T1)
Post CH 10 Two-Sample Tests and ANOVA Solve selected textbook problems
Contact Hour 12
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 11 Chi-square Tests Read Chapter 11 (T1)
During Chi-square Tests
CH 11 Chapter 11 (11.1 to 11.4) (T1)
Post CH 11 Chi-square Tests Solve selected textbook problems

Contact Hour 13
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 12 (T1);
Pre CH 12 Simple Linear Regression Watch Video Recordings
During
CH 12 Simple Linear Regression Chapter 12 (12.1 to 12.3)
Post CH 12 Simple Linear Regression Solve selected textbook problems

Contact Hour 14
Content
Type Reference Topic Study/HW Resource Reference
Read Chapter 7 (T2);
Pre CH 13 An Introduction to LP Watch Video Recordings
During 13 Chapter 7 (7.1 to 7.3) & Appendix
CH An Introduction to LP 7.3 (T2)
Post CH 13 An Introduction to LP Solve selected textbook problems

Contact Hour 15
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 14 Linear Programming Applications Read Chapter 9 (T2)
During 14
CH Linear Programming Applications Chapter 9 (9.1 to 9.3) (T2);
Post CH 14 Linear Programming Applications Solve selected textbook problems

Contact Hour 16
Content
Type Reference Topic Study/HW Resource Reference
Pre CH 15 Distribution and Network Models Read Chapter 10 (T2)
During 15
CH Distribution and Network Models Chapter 10 (10.1 to 10.3) (T2);
Post CH 15 Distribution and Network Models Solve selected textbook problems
Evaluation Scheme:
EC = Evaluation Component; AN = Afternoon Session; FN = Forenoon Session

No Name Type Duration Weight Day, Date, Session, Time

EC-1 Quiz-I Online - 5% August 16-30, 2021
Quiz-II Online 5% September 16-30, 2021
Quiz-III Online 5% October 16-30, 2021
Experiential 5% TBA
Learning
EC-2 Mid-Semester Test Open Book 2 hours 35% Saturday, 25/09/2021 (AN)
2 PM – 4 PM
EC-1 Comprehensive Open Book 2 hours 45% Saturday, 13/11/2021 (AN)
Exam 2 PM – 4 PM

Syllabus for Mid-semester examination (Open Book): Topics in Contact hours Nos. 1 to 8.
Syllabus for End-semester examination (Open Book): All topics, in Contact hours Nos. 1 to 16.

Experiential Learning

1. Using MS Excel for solving problems of following chapters-

 Organizing and Visualizing Variables
 Numerical Descriptive Measures
 Basic Probability
 Discrete Probability Distributions
 The Normal distribution
 Sampling Distributions
 Confidence Interval Estimation
 Fundamentals of Hypothesis Testing: One-Sample Tests
 Two-Sample Tests and ANOVA
 Chi-Square Tests
 Simple Linear Regression
 Introduction to Linear Programming
 Linear Programming Applications in Marketing, Finance, and Operations Management
 Distribution and Network Models

2. Excel based individual assignment(s)

Important links and information:

Elearn portal: https://elearn.bits-pilani.ac.in
Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest
announcements and deadlines.

Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn
portal.
Evaluation Guidelines:
1. EC-1 consists of either two Assignments or three Quizzes. Students will attempt them through the
course pages on the Elearn portal. Announcements will be made on the portal, in a timely manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is
permitted. However, loose sheets of paper will not be allowed. Use of calculators is permitted in all
exams. Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student
should follow the procedure to apply for the Make-Up Test/Exam which will be made available on the
Elearn portal. The Make-Up Test/Exam will be conducted only at selected exam centres on the dates to
be announced later.

It shall be the responsibility of the individual student to be regular in maintaining the self study schedule as
given in the course handout, attend the online lectures, and take all the prescribed evaluation components
such as Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the evaluation
scheme provided in the handout.