Indian Institute of Management Kashipur

Master of Business Administration

Business Statistics, Term I, Academic Year 2021-2022

Syllabus

I. INSTRUCTOR DETAIL

Name: Prof. Malay Bhattacharyya (1 section)

Contact Info: Academic Building, malay.bhattacharyya@iimkashipur.ac.in

Name: Prof. Sabyasachi Patra (1 section)

Contact Info: D3/1 Academic Building, s.patra@iimkashipur.ac.in

Name: Prof. Alka Arya (2 sections)

Contact Info: A2/10 Academic Building, alka.arya@iimkashipur.ac.in

PS: If you have any questions regarding access to google classroom, please contact at the given
email ID’s for assistance. The preferred communication mode is through email and/or prior
appointment for discussion in office. Sending messages on WhatsApp and making phone calls is
discouraged.

II. COURSE DESCRIPTION

The purpose of this course is to convince that the information resulting from a good statistical
analysis is always concise, often precise, and never useless! The spirit of statistics is, in fact, very
well captured by the following quotation:

“It is better to be roughly right than precisely wrong.”

—John Maynard Keynes.

This course should teach you how to be at least roughly right a high percentage of the time.
Statistics is a science that helps us make better decisions in business and economics as well as
in other fields. Statistics teach us how to summarize data, analyze them, and draw meaningful
inferences that then lead to improved decisions. These better decisions we make help us improve
the running of a department, a company, or the entire economy.

III. PREREQUISITES : No prerequisites

IV. COURSE COMPETENCIES (CC) / LEARNING OUTCOMES

Upon completion of this course, the student will be able to:

 2

 Recognize and present different types of data in an appropriate manner (CC1) (PLO1A)
 Develop the basic knowledge of Probability Theory and Random Variables (CC2)
(PLO1A)
 Develop the concepts of Sampling Theory and Statistical Tests (CC3) (PLO1A)
 Develop the basic knowledge of Non-parametric Techniques (CC4) (PLO1A)
 Develop the concepts of Regression Analysis (CC5) (PLO1A)

V. TEXTBOOKS (REQUIRED MATERIALS)

1. Statistics for Business & Economics by David R. Anderson; Dennis J. Sweeney; Thomas A.
Williams; Jeffrey D. Camm; James J. Cochran. Cengage Learning

Additional References
• Aczel, A. D., & Sounderpandian, J. (1999). Complete business statistics. Boston, MA:
Irwin/McGraw Hill. 
• An Introduction to R. url: https://cran.r-project.org/doc/manuals/r-release/R-intro.pdf
• Supplementary R materials from https://cran.r-project.org/
• Business Statistics for Contemporary Decision Making. Ken Black. Wiley India.
• Statistics for Management. Richard I. Levin & David S. Rubin. Pearson.
• Lecture Notes (Notes will be distributed each week by the faculty and/or shared through
google classroom.)

Software Requirements:
• R and Rstudio
• MS Excel Add-in: Analysis Tool pack

VI. GRADING CRITERIA: As per MBA Manual

VII. COURSE ACTIVITIES TO MEET OBJECTIVES

For reading assignments and directions, please follow the course syllabus. The faculty member
will assign several cases for discussion and review. Furthermore, the exercises may be
completed in the class as well as assigned as take-home projects to groups and individuals as
applicable.

Module - Topic(s) to be covered Textbook

Learning Outcomes
Session Readings

M1 - 1 Definition, scope and Chapter 1 1. Distinguish between qualitative and quantitative data.
limitations of statistics; Types -2 (CC1)
of data and information; 2. Describe nominal, ordinal, interval, and ratio scales of
Graphical descriptive measurement. (CC1)
techniques 3. Describe the difference between a population and a
M1 - 2 Measures of central Chapter 3 sample. (CC1)
tendency: Mean, Median and 4. Explain measures of central tendency and variation and
Mode and their implications. how to compute them. (CC1)
Measures of Dispersion: 5. Create different types of charts that describe data sets.
Range, Mean deviation, (CC1)
Standard deviation;
Coefficient of Variation,
Skewness, Kurtosis.
M2 - 3 Theory of Probability: Chapter 4 1. Define probability, sample space, and event. (CC2)
Definitions, Laws of 2. Compute probabilities of various types of events. (CC2)
probability 3. Explain the concept of conditional probability and how to
M2 - 4 Theory of Probability: Bayes' Chapter 4 compute it. (CC2)
Theorem 4. Explain Bayes’ theorem and its application. (CC2)
 3

M2 - 5 Random Variable: Chapter 5 5. Distinguish between discrete and continuous random

Expectation and Variance variables. (CC2)
M2 – 6 Discrete Probability Chapter 5 6. Compute statistics about a function of a random variable.
Distributions: Binomial, (CC2)
Poisson distribution etc. 7. Identify which type of distribution a given random variable
M2 – 7/8 Continuous Probability Chapter 6 is most likely to follow. (CC2)
Distributions: Normal 8. Use the properties of the normal distribution. (CC2)
Distribution etc.
M3 – 9 Sampling Techniques: Chapter 7 1. Apply the Central Limit Theorem. (CC3)
Random and Non-random 2. Judge one estimator as better than another based on
Sampling techniques desirable properties of estimators. (CC3)
M3 – 10 Sampling Theory and Chapter 7 3. Apply the concept of degrees of freedom. (CC3)
Distribution: Central Limit -8 4. Describe the role of sampling in hypothesis testing. (CC3)
Theorem 5. Identify type I and type II errors and discuss how they
Point and interval estimation conflict with each other. (CC3)
6. Interpret the confidence level, the significance level, and
M3 – 11 Hypothesis Testing: Null and Chapter 9 the power of a test. (CC3)
alternative hypotheses, One- 7. Compute and interpret p-values. (CC3)
tailed and two-tailed tests, 8. Determine the sample size and significance level for a
Type I and type II errors, given hypothesis test. (CC3)
Power of a statistical test 9. Explain the purpose of ANOVA. (CC3)
M3 – 12 Hypothesis Testing for Single Chapter 9 10. Conduct a one-way ANOVA. (CC3)
Population: Testing about a
population mean (z and t
tests), Testing about a
population proportion,
M3 – 13 Hypothesis Testing for Two Chapter
Populations: Testing about 10
the difference in two
population means (z and t
tests)
M3 – 14 Design of Experiments: One- Chapter
way ANOVA 13
M4 – 15 Non-parametric Tests: Chi- Chapter 1. Conduct a Mann-Whitney test for comparing population
square tests, Mann-Whitney 12 & 18 distributions. (CC4)
test, Wilcoxon test, 2. Conduct a Wilcoxon test for paired differences. (CC4)
Spearman’s rank correlation 3. Compute Spearman’s rank correlation coefficient for
coefficient ordinal data. (CC4)
4. Conduct a chi-square test for independence. (CC4)
M5 – 16-17 Regression Analysis: Chapter 1. Formulate and compute a regression model. (CC5)
Univariate model, 14 2. Compute confidence intervals for regression coefficients.
Correlation, Multiple Model (CC5)
M5 - 18 Regression Analysis: Chapter 3. Compute a prediction interval for a dependent variable.
Goodness-of-fit tests, 15 - 16 (CC5)
Residual analysis 4. Test hypotheses about regression coefficients. (CC5)
5. Conduct an ANOVA experiment using regression results.
(CC5)
19/20 Project Presentation

Evaluation Components

Weightag Duration of
Component Nature of Examination (Open Book /Closed Book)
e (%) Examination
Quiz (throughout the 25 Between 15- Open Book
term) (2 quizzes) 25 minutes
Mid Term Examination 25 2 to 2 hours Open Book
30 minutes
End Term Examination 25 2 to 2 hours Open Book
30 minutes
End-Term Project 25 _ Submission of project report before end-term examination
(group) (exact date will be provided later)
 4

Please include any direction as a general guide for the assignments.

The course will be primarily taught through a combination of class discussions, presentations,
and take-home exercises. The class discussion will involve the readings assigned for the class.
Students are encouraged to actively participate in these discussions.

Quizzes
Quizzes are an important component of the course. The overall score of the quizzes will be based
on N-1 scores. For examples, if four quizzes will be conducted in a course, the best 3 will be
counted. No makeup quizzes will be floated in any condition, whatsoever.

Group Formation
Each group will have 5-6 students. The modalities of group formation and academic expectations
from groups will be discussed in the class by faculty.

Group Term Project

Prepare a written paper, in the APA format about 8-15 pages. The term project topic ideas will be
discussed in the second week of the course. The group project gives you an opportunity to test
and advance your ability to understand mathematical topics and their applications in business
situations. It requires a good grasp of statistical concepts, understanding of business problems
and teamwork skills. The criteria of evaluation will be the depth of research, originality of the data
and its analysis, creditability of the analysis, and reporting quality.

IX. POLICIES
General Academic Misconduct Policy of IIM Kashipur:

IIM Kashipur is strongly committed to a policy of honesty in academic affairs. Students are
expected to do their own academic work. Students are awarded degrees in recognition of
successful completion of academic coursework in their chosen fields of study. Each student,
therefore, is expected to earn his or her degree on the basis of individual personal effort.
Consequently, any form of cheating or plagiarism constitutes unacceptable academic dishonesty.
Such academic misconduct will not be tolerated at IIM Kashipur, and thus will be penalized
according to the seriousness of the infraction, in conformity with the standards, rules, and
procedures of the Institute. Accordingly, students are well advised to keep in mind that
suspension and expulsion from the Institute are among the sanctions that may be imposed for
violations of the Academic Misconduct Policy.

Definitions:
 Plagiarism, as defined by the Little, Brown Essential Handbook for Writers, 4th edition, is
“the presentation of someone else’s ideas or words as your own. Whether deliberate or
accidental, plagiarism is a serious and often punishable offense” (Aaron, 2001).
 Deliberate plagiarism is “copying a sentence from a source and passing it off as your
own and, summarizing someone else’s ideas without acknowledging your debt, or buying
a term paper and handing it in as your own” (Aaron, 2001).
 Accidental plagiarism is “forgetting to place quotation marks around other writer’s
words, omitting a source citation because you’re not aware of the need for it, or
carelessly copying a source when you mean to paraphrase” (Aaron, 2001).

GUIDELINES:
 5

The United States Naval Academy’s statement on academic plagiarism (USNA, 2004) provides
the following guidelines that will be implemented verbatim at IIM Kashipur.
1. “Give credit where credit is due. Inevitably, you will use other people’s discoveries and
concepts. Build on them creatively. But do not compromise your honor by failing to
acknowledge clearly where your work ends and that of someone else begins. (USNA,
2004).
2. “Provide proper citation for everything taken from others. Such material includes
interpretations, ideas, wording, insights, factual discoveries, charts, tables, and
appendices that are not your own. Citations must guide the reader clearly and explicitly to
the sources used, whether published, unpublished, or electronic. Cite a source each time
you borrow from it. A single citation, concluding or followed by extended borrowing, is
inadequate and misleading. Indicate all use of another’s words, even if they constitute
only part of a sentence, with quotation marks and specific citation. Citations may be
footnotes, endnotes, or parenthetical references. (USNA, 2004).
3. Recognize the work of others even if you are not borrowing their words. Theories,
interpretations, assessments, and judgments are all intellectual contributions made by
others and must be attributed to them. (USNA, 2004).
4. Paraphrase properly. Paraphrasing is a vehicle for conveying or explaining a source’s
ideas and requires a citation to the original source. A paraphrase captures the source’s
meaning and tone in your own words and sentence structure. In a paraphrase, the words
are yours, but the ideas are not. It should not be used to create the impression of
originality. (USNA, 2004).
5. Cite sources in all work submitted for credit. Your instructor may also require you to
identify the contributions of others in drafts you submit only for review. Ask your instructor
for his or her citation requirements and any discipline-specific attribution practices.
(USNA, 2004).
6. Be cautious when using web-based sources, including Internet sites and electronic
journals. There is a common misperception that information found on the Internet does
not need to be cited. Web-based information, even if anonymous, must be appropriately
cited. Do not cut and paste or otherwise take material from websites without proper
citation. (USNA, 2004).
7. Provide a citation when in doubt. Always err on the side of caution. (USNA, 2004).
8. Papers will be routinely submitted to www.turnitin.com for review.

Cheating by Plagiarism:
Plagiarism is a form of academic misconduct. IIM Kashipur views plagiarism as the
representation of another’s work, words, or ideas, statement of facts not generally known as
one’s own without use of an academically recognized method of citation. Work submitted at IIM
Kashipur must be the original work of the student. Original work may include the words and ideas
of others, but the source of these words and ideas must be indicated in a manner consistent with
an academically recognized form, style, and citation manual. Plagiarism subjects the student to
penalties pursuant to the Academic Misconduct Policy. Any student helping a student plagiarize is
considered as guilty as the student assisted.

Plagiarism involves using the words, information, insights, or ideas of another without crediting
that person through proper citation. Proper documentation is required for all source material as
discussed in the individual course policy statement which will be provided and explained by each
instructor during the first session of each course. It is your responsibility to know the rules for
 6

proper citation – claiming ignorance of the proper citation rules is not an excuse for cheating. One
can avoid plagiarism by fully and openly crediting all sources used.

In the absence of guidance from the instructor, reference “APA Style Manual” (standards and
rules to be followed when referencing source material).

Cheating on Examinations and Assignments:

Academic misconduct consists of cheating of any kind with respect to examinations and
assignments as well as the unauthorized possession and/or use of exams, papers, and materials.
Cheating is defined and characterized by copying answers to examinations, quizzes,
presentations, and projects from a source not approved by the professor. This includes but not
limited to “crib” notes and “cheat” sheets, cellphones, PDA’s, I-Pods, and of course, collusion with
your fellow student (neighbor). In addition, the use of test banks, computers, answer keys, stolen
exams, and instructor’s manuals are expressly forbidden. (USNA, 2004).

Cheating subjects the student to penalties pursuant to the Academic Misconduct Policy. Cheating
includes, but is not limited to, the following:
 The unauthorized submission of work previously presented in another course.
 Having someone else write a paper for the student; purchasing a paper from someone or
through the Internet.
 Participating in an arrangement whereby work, classroom activity, or an examination is
done by another person.
 Unauthorized collaboration on assignments or work to be presented.
 Arranging to have others take examinations or to do assignments.
 Obtaining examinations prior to administration.
 Communicating or exchanging test information with other students during an exam or
quiz.
 The manipulating of recorded grades or other class records in a grade book or on a
computer system or the falsifying of such information.
 Bribery.
Cheating in IIM Kashipur will not be tolerated.

Discipline for Academic Misconduct:

The professor/instructor has the authority to determine whether plagiarism or cheating has
occurred. She or he will take the appropriate action depending upon the nature of the infraction.

Expulsion: Deliberate plagiarism is unethical and dishonorable! In cases of deliberate

plagiarism and cheating, the student is subject to immediate dismissal from the program. In these
cases, due process is afforded through the appeals process.

Failing Grade: Accidental plagiarism, or sloppy scholarship, is academically unacceptable. In

cases of accidental plagiarism, the professor/instructor has the authority to issue a failing grade
for the assignment or the course depending upon the severity of the infraction. In these cases,
the decision of the faculty member is final.

Disruption to Academic Process:

Disruption of the classroom or the teaching environment is unacceptable at IIM Kashipur and is
considered a form of punishable academic misconduct. This includes email or any other form of
 7

communication. Disruption of the academic process includes act(s) or word(s) by a student in a

classroom or teaching environment that in the estimation of a faculty member deflects attention
from the academic matters at hand. Examples of such disruption encompass: noisy distractions;
persistent, disrespectful, and/or abusive interruptions; improper language, dress, and/or behavior;
and actions that present a danger to the health, safety, and/or well-being of a faculty member,
student, staff member, or guest. Disruption also includes tampering with, defacing, or stealing
library or online materials. Punishment for such disruption can range from a verbal reprimand by
the faculty member, to dismissal of the student from class with a grade of “F,” to suspension or
expulsion from the school.

References:
Aaron, J. (2001). The Little, Brown Compact Handbook. (4th ed.) Needham Heights, MA: Pearson/Longman.

USNA, (2004). United States Naval Academy 9USNA) Statement on Academic Plagiarism. May 4, 2004 Faculty Senate
Meeting. Retrieved on February 21, 2008 from: http://www.usna.edu/Library/Plagiarism/Plagiarism.html

Mujtaba, B G. (2015), Nova Southeastern University, H. Wayne Huizenga School of Business and Entrepreneurship,
Course Outline on HRM4300 - Managing Workforce Diversity, accessed through AACSB database and this course outline
is broadly modeled after this with necessary adaptations incorporated

X. MEETING DATES AND LOCATION

When classes will be conducted in campus: 30 minutes after each class session (on average two
sessions per week)
When classes will be conducted online: All doubts through Google classroom / email (to be
specified by faculty clearly during the first session)
 8

Indian Institute of Management Kashipur

Master of Business Administration

Term I, Academic Year 2020-2021

Evaluation of Group Assignment by Faculty

Assignment for Course: Business Statistics

Title of Assignment:

Submitted to: Prof. Alka Arya & Prof. Sabyasachi Patra

Submitted by: Group No: [group_id]

Member Roll No Section Email id

Date of Submission:

CERTIFICATION OF AUTHORSHIP: I/We certify that I(we) am(are) the author(s) of this paper and that any
assistance I(we) received in its preparation is fully acknowledged and disclosed in the paper. I(we) have
also cited any sources from which I(we) used data, ideas or words, either quoted directly or paraphrased.
I(we) have added quotes whenever I(we) used more than three consecutive words from another writer. I(we)
also certify that this paper was prepared by me(us) specifically for this course.

Student’s Signature:

Faculty Comment and Marks:

Faculty Signature: