AMERICAN INTERNATIONAL UNIVERSITY- BANGLADESH

Dhaka, Bangladesh
Faculty of Business Administration
Department of Operations Management
BBA Program
COURSE OUTLINE

Course No. : MAT 2103 Title : Business Statistics

Nature : Core Course Term : Fall 2015-2016
Credit :3 Section :

Class Hours : Class Venue :

Consultation : See TSF for available hours Office Hours : See TSF for available hours

Faculty : Dr. Tamanna Islam Phone : 9890804 Ext - 537

Office : Level # 3, Campus # 1 E-mail : tamanna.islam@aiub.edu

Course Description: The course is designed to give an introduction to the concepts and techniques of
statistics used extensively in different business settings. The statistical techniques covered in this course are
used in functional areas including marketing, production, economics, human resource, finance and accounting.
Topics include frequency distribution, charts and graphs, measures of central tendency, measures of
dispersion, probability & probability distribution, sampling and sampling distribution, theory of estimation, test
of hypothesis and correlation & regression analysis. The course will focus on real data applications,
quantitative literacy, statistical thinking and the use of statistical software.
Objectives: On successful completion of this course, students should be able to:
 Present a broad overview of the subject and its applications.
 Handle numerical information in a business context.
 Demonstrate how summary statistics used to aid data analysis & interpretation.
 Introduce the probability theory and probability distribution most commonly used in different business
settings.
 Introduce the sampling and sampling distribution most commonly used in business research.
 Estimate certain characteristics of a population from samples.
 Define and develop a confidence interval.
 Learn how to find out the relationship between two variables.

Topics to be covered
Topics Specific Objective(s) Time Suggested Teaching
Frame Activities Strategies
(Semest
er Week)

Introduction  Understand why study statistics. 1 Open discussions on Whiteboard

presentation, Power
 Explain what is meant by descriptive and the topics and Point slides for
inferential statistics. consultations. multimedia projector
 Understand different types of variables. and uploading of
 Understand data and information. lecture notes in the
AIUB website.
Presentation of  Organize data into a frequency 2&3 Open discussions Above and
data distribution. on the topics, use of
 Portray a frequency in a histogram, quizzes, individual statistical
frequency polygon and cumulative and group software
frequency curve. assignments and
Measures of Understand the characteristics of mean, 4&5 consultations

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central tendency median and mode
Calculate and interpret the mean, median,
and mode
Measures of Understand the characteristics of range,
dispersion variance, sd, and cv
Calculate and interpret the range,
variance, sd, and cv.
Probability,  Define probability. 6 Open discussions Whiteboard
presentation, Power
probability  Understand the terms experiment, on the topics, Point slides for
distribution & event, outcomes, mutually exclusive quizzes, individual multimedia projector
normal event. and group and uploading of
distribution  Understand the probability assignments and lecture notes in the
AIUB website.
distribution consultations
 Understand the expected value and sd of
a random variable
 Define and calculate z values.
 Determine the probabilities in
different conditions of using the standard
normal distribution.
MIDTERM EXAM 7 Central Exam
Sampling and  Understand the reasons for sampling 8 Open discussions on Whiteboard
Sampling  Introduce the basics of different sampling the topics, presentation, Power
Point slides for
Distribution. methods (SRS, stratified and systematic pop-up/routine multimedia projector
sampling). quizzes, individual and uploading of
 Determine the sample size for estimating and group lecture notes in the
population mean. assignments and AIUB website.
Theory of  Define a point estimate and consultations.
Estimation construct the level of confidence.
Test of Understand the terms test of hypothesis, 9, 10, 11 & Above and use
Hypothesis level of significance, type I error and type 12 of statistical
II error etc. software
 Understand the steps of
hypothesis testing procedure.
 Conduct a test of hypothesis about a
population mean for large and small
samples.
 Two populations means
 ANOVA
 Understand contingency table
analysis
Simple  Draw a scatter diagram. 13
Correlation and  Calculate and interpret the coefficient of
Regression correlation and the coefficient of
determination.
 Calculate the least squares regression
line.
 Calculate and interpret the standard error
of estimate.
 Conduct a test of hypothesis about
regression model.
FINAL TERM EXAM 14 Central Exam

Course Requirements
These are the things need to be accomplished properly by the students during the term such as:
1. Attending at least 80% of the classes
2. Attending quizzes and term exams
3. Submission of the assignments in due time, etc.

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Evaluation
1. Term Exam 50%
2. Attendances and Class Performance 10%
3. Quizzes 20%
4. Assignments 20%
Total 100%

Textbook / Reference Materials:

Alan B., and Duncan C., 2005, Quantitative Data Analysis with Minitab, A Guide for Social Scientists,
Routledge, London
Bowerman B.L., & O’Connell,R.T., 2006, Business Statistics in Practice. McGraw Hill,
USA
Gupta SP., 2002, Advanced practical Statistics, S Chand and Company Ltd., India
Levin, R.I. & Rubin, D.S., 2006, Statistics for Management, Prentice-Hall of India
Lind, A. et al., 2012, Statistical Techniques in Business and Economics, McGraw-Hill.
McKenzie J.D. & Goldman R., 2005, The Students Guide toMinitab, Addison-Wesley,
New York, USA
Islam,N.M., 2009, An Introduction to Statistics and Probability, Mallick and Brothers, Dhaka,
Bangladesh
Keshob C.B., 2004, Methods of Statistics, Bangla Academy, Dhaka, Bangladesh
SPSS Statistics Base 17.0, User’s Guide, 2007, SPSS Inc., Chicago.
Webster, A.L., 2004, Applied Statistics for Business and Economics, Irwin, USA.
.

Prepared by:
Dr. Tamanna Islam
Assistant Professor
Dept. of Operations Management
American International University- Bangladesh

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