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QTT

This document outlines the course QTT201: Quantitative Techniques, which is a 6-credit course divided into 6 units. The course aims to help students understand and apply statistical tools and techniques for business decision making. Key topics covered include descriptive and inferential statistics, measures of central tendency and dispersion, correlation analysis, regression analysis, time series analysis, probability distributions, sampling, estimation, and chi-square and ANOVA tests. The primary textbook recommended is Business Statistics by J.K. Sharma and references include additional books on business statistics and management.

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Husen Ali
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117 views1 page

QTT

This document outlines the course QTT201: Quantitative Techniques, which is a 6-credit course divided into 6 units. The course aims to help students understand and apply statistical tools and techniques for business decision making. Key topics covered include descriptive and inferential statistics, measures of central tendency and dispersion, correlation analysis, regression analysis, time series analysis, probability distributions, sampling, estimation, and chi-square and ANOVA tests. The primary textbook recommended is Business Statistics by J.K. Sharma and references include additional books on business statistics and management.

Uploaded by

Husen Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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QTT201:QUANTITATIVE TECHNIQUES

L:4 T:2 P:0 Credits:6

Course Outcomes: Through this course students should be able to

CO1 :: discuss the fundamentals of statistics used in business decision making

CO2 :: classify statistics in context of descriptive and inferential statistics

CO3 :: integrate data description with data inferences

CO4 :: analyze the role of statistical tools and techniques for strategic decision making

CO5 :: establish skills for statistical inference of business data

CO6 :: construct the decision making process under uncertainty using statistical tools

Unit I
Introduction to Statistics : Introduction and definition, Function of Statistics, Application of
Statistics, Limitation of Statistics, Usefulness in Survey analysis
Data Collection : Method of Collecting Data, Primary and Secondary Data, Sources of Secondary
Data, Classification of data- Geographical, Chronological, Qualitative and Quantitative Classification,
Tabulation- Tabulation of Data, Types of Tables, Formation of Discrete and Continuous Frequency
Distribution
Diagrammatic and Graphic Presentation : Bar Diagrams, Pie Diagrams, Histogram

Unit II
Measures of Central Tendency : Arithmetic Mean, Average and its importance, Characteristics of
an ideal average, Measures of Concept of Central Tendency, Geometric Mean, Median, Mode
Measures of Dispersion : Range, Mean deviation, Standard deviation, Variance, Skewness, Karl
Pearson co-efficient of Skewness, Coefficient of Variation
Unit III
Correlation Analysis and Regression Analysis : Karl Pearson's and Rank Method, Regression-
Lines of Regression, Coefficient of Regression, Deviation taken from Arithmetic Mean, Scatter Diagram
Analysis of Time Series : Concept of time-series and its components, Method of Semi-Average,
Method of Moving Average,, Method of Simple Average
Unit IV
Probability : Definition and its concept, Addition Theorem, Multiplicative Theorem

Probability Distribution : Concept of probability distribution, Binomial Distribution, Poison


Distribution, Normal Distribution
Unit V
Sampling and sampling Distribution : introduction to sampling, types of sampling : random and
non random sampling, design of experiments, introduction to sampling distributions and its
operational consideration
Unit VI
Estimation : introduction, basic concept of point estimation and interval estimation, concept of
confidence interval
Chi-Square and ANOVA : introduction, chi-square:test of independence and goodness of fit, one
way analysis of variance

Text Books:
1. BUSINESS STATISTICS by J K SHARMA, VIKAS PUBLISHING HOUSE

References:
1. STATISTICS FOR MANAGEMENT, 7/E by RICHARD I. LEVIN, DAVID S. RUBIN, SANJAY
RASTOGI, MASOOD HUSAIN SIDDIQUI, PEARSON
2. STATISTICS FOR BUSINESS AND ECONOMICS, 4/E by R P HOODA, MACMILLAN

3. BUSINESS STATISTICS by DR. S.P.GUPTA, SULTAN CHAND & SONS (P) LTD.

4. APPLIED BUSINESS STATISTICS: MAKING BETTER BUSINESS DECISIONS, 7TH ED, ISV by
KEN BLACK, WILEY

Session 2019-20 Page:1/1

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