Content/Topics 1.

Introduction
• Why learn Statistics?
• Statistics in Business
• Types of Statistics
• Basic vocabulary of Statistics
• Identifying types of variables
• Organization & visualization of data.

2. Ungrouped and Grouped data

• Measures of central tendency
• Measures of variation

3. Basic Probability
• Basic probability concepts
• Definition and types of probability.
• Basic laws of Probability(addition and multiplication
laws)
• Conditional probability
• Counting techniques: Permutations and Combinations

4. Probability Distributions
• Discrete random variables: probability distribution
functions
• Binomial probability distribution
• Poisson probability distribution
• Normal and other continuous distributions. ·

5. Simple Linear Regression Analysis (SLRA)

• Types of Relationships (Linear)
• Types of Regression Models
• Assumptions of Regression Analysis
• Objectives of SLRA
• Ordinary Least Square Method (OLSM)
• Correlation Analysis
• Spearman 's Rank Correlation Coefficient

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6. Time Series Analysis

• Components of Time Series
• Decomposition of Time Series
• Moving Average Method
• Exponential Smoothening

7. Statistics for contemporary decision making

• Decision Analysis

of Continuous
Assessment/ Admission The student will be assessed on the basis
ation of mark s
to Examinations Assessment and the final examination. The alloc
will be as follows:
Continuous assessment - 40 %
• Final examinations - 60%
inations they
For students to be eligible to sit for final exam
should meet all of the following requirements:
ns
i. Must attend a minimum 75% of scheduled lesso
onents of
ii. Must submit the requirements of all comp
continuous assessment as follows:
a. 2 Assignments 13%

b. 1 Test 14%

C. Mid-term examination 13%

modules uses
Student will be informed where assessment for
different criteria.

Required Resources Prescribed Text:

Lecture Notes on
Ramanathan, T. V. & Sediakgotla, K. (2003).
Gaborone.
Introductory Business Statistics, Bay Publishers,

: Methods and
Wegner, T. (2010). Applied Business Statistics
Applications.

Study Guide 2
Steffens, F. E. & Botha, M. (2002). Data Analysis