Decision Sciences

Course outline
sessions 1 to 5
 Course content
• Introduction to Statistics
• Measures of Central Tendency.
• Measures of Dispersion
• Moments, Skewness, Kurtosis
• Theory of Probability
• Probability Distributions
• Theory of Estimation
• Fitting of Distribution and Testing of
Hypothesis
• Chi square and analysis of
variance.
• Measures of Association
• Regression analysis
• Multiple Regression
• Time series and forecasting
• Statistical Analysis by using
Excel sheets
 Textbook and Reference books
• Text Book: Statistical techniques in Business & Economics- Lind, Marchal & Wathen, Mc Graw Hill Education, 16 th
Edition, 2017.
Book Title Name of the Author Publisher Edition no. Edition year

Ken Black
Business Statistics Wiley India, 7th Edition Reprint 2012

Vikas Publishing house Pvt 2nd

Fundamentals of Business Statistics. J.K Sharma 2014
ltd, New Delhi Edition
7th
Statistics for Management Prentice Levin and Rubin Pearson 2011
Edition

Business Statistics in practice Bruce L. Bowerman, Tata Mc Graw Hill, Pearson. 7th Edition, 2014

S. P. Gupta
Applied Statistical Methods S Chand 41st Edition 2011

Business Statistics
S C Gupta Himalaya Publishing 6th Edition 2013
 Internal Assessment breakup- 40
marks
A) Attendance 20 marks
B1) Class test 20 marks 20 marks
B2) Project 20 marks

*Part B of 40 marks will be scaled out of 20 marks

Class test details: Class test will be conducted in the 1 st week of August.
Syllabus:- Presentation of data, Measures of central tendency and Measures of dispersion (including partition values).
 Project information for students
Project 20 marks:
Submission date: 15th sept 2019 
Instructions: You will be responsible for conducting the statistical /data analysis for your
research project using the data you collect (minimum 100 entries). There are a lot of free
datasets available on the internet. You may search specific companies specific data too
which will add value to your project Your grade for this assignment will be based on
 (1)  the quality of your data set; and (2) the quality and completeness of your basic
statistical
/data analysis.
 

 
 Session 1- Introduction to
Statistics
•Self-Introduction
•Student Introduction
•Introduction to statistics
•Why study statistics?
•What is meant by statistics?
•Types of statistics
•Types of variables
•Levels of measurement
 Session 2- Frequency
Distribution
• Advantages & disadvantages of Frequency Distribution
• Constructing a frequency distribution
• Number of class intervals
• Width of class intervals
• Class limits (boundaries)
• Mid-point of class intervals
• Methods of data classification- inclusive & Exclusive
• Types of Frequency Distribution
 Session 3- Tabulation
• Tabulation of data
• Types of tables
• Example 2.10, 2.14 and 2.15
 Session 4- Graphical
Representation
• Graphical representation of data
• Functions of a graph
• Advantages and disadvantages of diagrams
• General rules of drawing diagrams
•  Types of diagrams
• Frequency polygon
 Session 5- Decision Sciences
• Cumulative Frequency Distribution (Ogive)
• Table 2.36
• Deviation bar diagram
• Exploratory data analysis- Stem and leaf displays
• Pictograms or Ideographs
• Pareto charts
• Histogram