QM-Course Handout - MM ZG515

BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI
WORK INTEGRATED LEARNING PROGRAMMES

Digital
Part A: Content Design

Course Title Quantitative Methods
Course No(s) MM ZG515
Credit Units 4
Credit Model
Content Authors
Course Objectives
No This course combines business statistics and management science that are essential for business
managers.
CO1 To provide an understanding of various tools and techniques of Business Statistics
CO2 To provide an understanding of various tools and techniques of Management Science
CO3 Clarity on how to apply analytical techniques in different business situations and possibly use
spreadsheets for solving problems
Text Book(s)
T1 D.M. Levine, T.C. Krehbiel, M.L. Berenson and P. K. Viswanathan, “Business Statistics: A
First Course”, Pearson Education, 5th Ed., 2011.
T2 Render, Stair & Hanna, Quantitative Analysis for Management, Pearson Education, 10 th Ed.,
2011.
Reference Book(s) & other resources

R1 Ken Black, “Business Statistics: For Contemporary Decision Making”, Wiley, 5 th Edition,
2010.
R2 Hillier and Hillier, Introduction to Management Science, 3 rd Edition, Tata McGraw Hill, 2011
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
1.3 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 discrete random variable
4.2 Binomial distribution
4.3 Poison distribution
5. Continuous probability distributions and Normal distribution
5.1 Continuous probability distributions
5.2 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 (σ known)
7.2 Confidence interval estimation for the mean (σ 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 (σ known)
8.3 One tail tests
8.4 t test of Hypothesis for the mean (σ 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. F-test and 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
11.1 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 independence
11.4 Test of goodness of fit
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
13.4 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
14.2.1Marketing Applications
14.2.2 Marketing Research Applications
14.2.3Financial Applications
14.2.4 Transportation Applications
15. Transportation problem
15.1 Structure special LP problems using the transportation and assignment models
15.2 Use the northwest corner, method for solving transportation problem
15.3 Use the Vogel's Approximation Method (VAM) for solving transportation problem
16. Assignment problem
16.1 Solve assignment problems with the Hungarian (matrix reduction) method
Learning Outcomes:
No Learning Outcomes
LO1 Able to understand data and basic statistics tools
LO2 Able to understand basics 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
LO5 Understanding Linear Programming, Transportation and Assignment techniques of

Management science and their practical applications
Part B: Learning Plan

Academic Term First Semester 2016-2017
Course Title Quantitative Methods
Course No MM ZG515
Lead Instructor KVN Surendra
Contact Hour 1
Type Content Ref. Topic Title Study/HW Resource Reference
Pre CH T1 Given in content structure 1.1, 1.2 Overview of Ch. 1
During PPTS Given in content structure 1.1, 1.2 PPTS

CH
Post CH R1 Given in content structure 1.1, 1.2 Study Ch 1
Contact Hour 2
Pre CH T1 Given in content structure 1.3, 1.4 Overview of Ch. 2

CH
Contact Hour 3
Pre CH T1 Given in content structure 2.1 Overview of Ch 3

During PPTS Given in content structure 2.1 PPTS
CH
Post CH R1 Given in content structure 2.1 Study Ch3
Contact Hour 4

CH
Contact Hour 5

CH
Post CH R1 Given in content structure 3.1 Study Ch 4
Contact Hour 6
Pre CH T1 Given in content structure 3.2, 3.3 Overview of Ch4
During PPTS Given in content structure 3.2,3.3 PPTS

CH
Contact Hour 7

CH
Post CH R1 Given in content structure 4.1,4.2 Study Ch 5
Contact Hour 8
Pre CH T1 Given in content structure 4.3 Overview of Ch5

CH
Contact Hour 9
During PPTS Given in content structure 5.1,5.2 PPTS

CH
Contact Hour 10
Pre CH T1 Given in content structure 5.3 Overview of Ch6

CH
Contact Hour 11
Pre CH T1 Given in content structure 6.1, 6.2 Overview of Ch 7

CH
Contact Hour 12

CH
Contact Hour 13

CH
Contact Hour 14

CH
Contact Hour 15

CH
Contact Hour 16
Pre CH T1 Given in content structure Overview of Ch 8

8.3,8.4,8.5
During PPTS Given in content structure PPTS

CH 8.3,8.4,8.5
Post CH R1 Given in content structure Study Ch 9

8.3,8.4,8.5
Contact Hour 17

CH
Contact Hour 18

CH
Contact Hour 19
Pre CH T1 Given in content structure 10.1, Overview Ch 10
10.2.1
During PPTS Given in content structure 10.1, PPTS

CH 10.2.1
Post CH R3 Given in content structure 10.1, Study Ch 12

10.2.1
Contact Hour 20
Pre CH T2 Given in content structure 10.2.2, Overview Ch 10

10.2.3
During PPTS Given in content structure 10.2.2, PPTS

CH 10.2.3
Post CH R3 Given in content structure 10.2.2, Study Ch 12

10.2.3
Contact Hour 21
Pre CH T1 Given in content structure 11.1, Overview of Chapter 11

11.2, 11.3

CH 11.2, 11.3
Post CH R1 Given in content structure 11.1, Study Ch12

11.2, 11.3
Contact Hour 22
Pre CH R1 Given in content structure 11.4 Overview of Ch 12

CH
Contact Hour 23
Pre CH T2 Given in content structure 12.1- Overview of Ch 7

12.4
During PPTS Given in content structure 112.1- PPTS

CH 12.4
Post CH T2 Given in content structure 12.1- Study Ch-7

12.4
Contact Hour 24
Pre CH T2 Given in content structure 12.5, Overview of Ch 7

12.6

CH 12.6
Post CH T2 Given in content structure 12.5, Study Ch-7

12.6
Contact Hour 25
Pre CH T2 Given in content structure 13.1- Overview Ch 9

13.3

CH 13.3

13.3
Contact Hour 26
Pre CH T2 Given in content structure 13.4- Overview of Ch 9

13.6

CH 13.6

13.6
Contact Hour 27
Pre CH T2 Given in content structure 14.1, Overview Ch 8-9

14.2.2

CH 14.2.2
Post CH T2 Given in content structure 14.1, Study Ch 8,9

14.2.2
Contact Hour 28
Pre CH T2 Given in content structure 14.2.2, Overview Ch 8-9

14.2.3, 14.2.4
During PPTS Given in content structure 14.2.2, PPTS
CH 14.2.3, 14.2.4
Post CH T2 Given in content structure 14.2.2, Study Ch 8,9

14.2.3, , 14.2.4
Contact Hour 29
Pre CH T2 Given in content structure 15.1, Overview of Ch 10

15.2

CH 15.2
Post CH T2 Given in content structure 15.1, Study Ch-10

15.2
Contact Hour 30

CH
Post CH T2 Given in content structure 15.3 Study Ch-10
Contact Hour 31
Pre CH T2 Given in content structure 16 -
During PPTS Given in content structure 16 PPTS

CH
Post CH T2 Given in content structure 16 Study Ch-10
Contact Hour 32
Pre CH T2 Given in content structure 16 -
During PPTS Given in content structure 16 PPTS

CH
Post CH T2 Given in content structure 16 Study Ch-10

Evaluation Scheme:
Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session
No Name Type Duration Weight Day, Date, Session, Time
EC-1 Quiz-I/ Assignment-I Online - 5% September 1-10, 2016
Quiz-II Online 5% October 1-10, 2016
Quiz-III/ Online 5% October 20-30, 2016
Assignment-II
EC-2 Mid-Semester Test Closed 2 hours 35% 24/09/2016 (AN) 2 PM TO 4 PM
Book
EC-3 Comprehensive Open 3 hours 50% 05/11/2016 (AN) 2 PM TO 5 PM
Exam Book
Syllabus for Mid-Semester Test (Closed Book): Topics in Session Nos. 1 to 16

Syllabus for Comprehensive Exam (Open Book): All topics (Session Nos. 1 to 32)
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 three 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.

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BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI

WORK INTEGRATED LEARNING PROGRAMMES

Part A: Content Design

CO1 To provide an understanding of various tools and techniques of Business Statistics

CO2 To provide an understanding of various tools and techniques of Management Science

Reference Book(s) & other resources

LO1 Able to understand data and basic statistics tools

LO2 Able to understand basics of probability and probability distributions

LO4 Understanding of ANNOVA and Chi-square tests

LO5 Understanding Linear Programming, Transportation and Assignment techniques of

Part B: Learning Plan

Pre CH T1 Given in content structure 1.1, 1.2 Overview of Ch. 1

During PPTS Given in content structure 1.1, 1.2 PPTS

Post CH R1 Given in content structure 1.1, 1.2 Study Ch 1

Pre CH T1 Given in content structure 1.3, 1.4 Overview of Ch. 2

During PPTS Given in content structure 1.3, 1.4 PPTS

Post CH R1 Given in content structure 1.3, 1.4 Study Ch 1

Pre CH T1 Given in content structure 2.1 Overview of Ch 3

Post CH R1 Given in content structure 2.1 Study Ch3

Pre CH T1 Given in content structure 2.2 Overview of Ch 3

During PPTS Given in content structure 2.2 PPTS

Post CH R1 Given in content structure 2.2 Study Ch3

Pre CH T1 Given in content structure 3.1 Overview of Ch 4

During PPTS Given in content structure 3.1 PPTS

Post CH R1 Given in content structure 3.1 Study Ch 4

Pre CH T1 Given in content structure 3.2, 3.3 Overview of Ch4

During PPTS Given in content structure 3.2,3.3 PPTS

Post CH R1 Given in content structure 3.2, 3.3 Study Ch 4

Pre CH T1 Given in content structure 4.1, 4.2 Overview of Ch5

During PPTS Given in content structure 4.1, 4.2 PPTS

Post CH R1 Given in content structure 4.1,4.2 Study Ch 5

Pre CH T1 Given in content structure 4.3 Overview of Ch5

During PPTS Given in content structure 4.3 PPTS

Pre CH T1 Given in content structure 5.1, 5.2 Overview of Ch6

During PPTS Given in content structure 5.1,5.2 PPTS

Post CH R1 Given in content structure 5.1,5.2 Study Ch 6

Pre CH T1 Given in content structure 5.3 Overview of Ch6

During PPTS Given in content structure 5.3 PPTS

Post CH R1 Given in content structure 5.3 Study Ch 6

Pre CH T1 Given in content structure 6.1, 6.2 Overview of Ch 7

During PPTS Given in content structure 6.1, 6.2 PPTS

Post CH R1 Given in content structure 6.1, 6.2 Study Ch 7

Pre CH T1 Given in content structure 6.3, 6.4 Overview of Ch 7

During PPTS Given in content structure 6.3, 6.4 PPTS

Post CH R1 Given in content structure 6.3, 6.4 Study Ch 7

Pre CH T1 Given in content structure 7.1, 7.2 Overview of Ch 8

During PPTS Given in content structure 7.1, 7.2 PPTS

Post CH R1 Given in content structure 7.1,7.2 Study Ch 8

Pre CH T1 Given in content structure 7.3, 7.4 Overview of Ch 8

During PPTS Given in content structure 7.3, 7.4 PPTS

Post CH R1 Given in content structure 7.3, 7.4 Study Ch 8

Pre CH T1 Given in content structure 8.1, 8.2 Overview of Ch 9

During PPTS Given in content structure 8.1, 8.2 PPTS

Post CH R1 Given in content structure 8.1, 8.2 Study Ch 9

Pre CH T1 Given in content structure Overview of Ch 8

During PPTS Given in content structure PPTS

Post CH R1 Given in content structure Study Ch 9

Pre CH T1 Given in content structure 9.1 Overview of Ch 9

During PPTS Given in content structure 9.1 PPTS

Post CH R1 Given in content structure 9.1 Study Ch 10

Pre CH T1 Given in content structure 9.2, 9.3 Overview of Ch 9

During PPTS Given in content structure 9.2, 9.3 PPTS

Post CH R1 Given in content structure 9.2, 9.3 Study Ch 10