MBA (2020–22)

Quantitative Techniques
Quantitative Techniques (QT)-I
[Course Code- BM5503, MBA (2020–22) Sem. I]

Course Instructor: Dr. Rabi N. Subudhi (MPhil, PhD, FDPM), Senior Professor, KSoM
Mail: rnsubudhi@ksom.ac.in

1. Introduction
Businesses are now increasingly using statistical techniques to convert data into information,
which helps in appropriate decision making. This paper, in Decision Sciences area, prepares the
students understanding and appreciating the essential concepts and applications, with focus on relevant
tools and techniques.

2. Intended learning outcomes (ILO)

To help management students appreciate the relevance and importance of the use of quantified/
statistical facts, in the process of decision-making in the ever changing business environment.
To discuss and apply basic statistical tools and techniques, which are useful in every area of business.

3. Course content

 Role of Statistical Data, Summary & Descriptive Statistics

o Measures of Central Tendency
o Measures of Dispersion, Coefficient. of variation
 Probability & Probability Distributions
o Discrete Probability distributions: Binomial & Poisson distributions
o Continuous Probability Distribution: Normal Distribution, Using Standard Normal Probability
Distribution table
 Sampling Concepts (What, why and how sampling made; types: Prob. & non-prob. Sampling)
 Estimation:
o Introduction, Point Estimates, Interval Estimates, Confidence Intervals (applications & concepts
only);
 Testing Hypotheses:
o One-Sample Tests
o Two-Sample Tests
o Chi-Square as a Test for independence
 Analysis of Variance (ANOVA)

4. Text Book: (This prescribed -ebook is to be supplied by school, to each student.)

Title Author Publisher Edition

Statistics for Management Levin, Rubin et al Pearson 2017 or Latest

[Plus Instructor’s manual (study material) also to be given to each student]

5. Reference books:

Title Author Publisher Edition

Business Statistics J Joseph Francis Cengage 2015 or latest
Quantitative Methods for Bus Anderson, Sweeny et al Cengage Latest available
Intro. Mgmt. Science Anderson, Sweeny et al Cengage Latest avilable
 Managerial Statistics Gerald Keller Cengage 9th Ed. 2012/ latest
Business statistics Using Davis & Pecar Oxford
Excel
Business Statistics JK Sharma Vikas 5th Ed 2020

6. E-resources

Live stock market statistical data from: www.nseindia.com www.bseindia.com

Manuals/ tutorials on SPSS, like: https://www.youtube.com/channel/UCg4oxYuBpcEF3RTa43U9kfg
Library resources of KIIT & KSoM (as provided by Librarian/ Instructor)
Proquest (ABI/INFORM Complete http://proquest.umi.com/login )
Indiastat.com
Instructors’ soft database (for computer-based analysis) to be provided during semester.

SESSION PLAN

Session Topic Details of the topics to be Discussed Reading Material Case Study/ Reference
General Intro; Introduction to Summary & Chap. 1&2 of Text Ppt: Why statistics;
1- Introduction
Descriptive Statistics book Ch-1 of text book
Graphs & its application -Review; Central
2-3 -Do- Ch. 2 of Text book
Tendency/ Averages (focus on Mean),
Measures of Dispersion, Coefficient of
4- Dispersion Chapter 3 Case-1, Handbook
Variation (CV), application (cases/ ex.)
Review/ discussion; Quiz (on Session 1-3)/
5 Review, quiz Ref: session 1-4 Bring own Calculators
Presentation
Probability Basic Terminology, Rules, Types of Chapter 4 Ref. Handbook
6&7 concepts Probability; Prob. under Statistical
Independence, and Stat. Dependence
Probability Discrete Prob. distributions: Binomial & Chapter 4&5 Examples from QT -
8&9
Distributions Poisson distributions; handbook
Continuous Prob. Distribution: Normal -do- Examples from QT -
10 & 11 -do-
Distribution, Use of St. Normal Prob. table handbook
12 Review, quiz Review/ discussion; Quiz (on Session 7-11) Ref: handbook Bring calculator
Sampling Introduction to Sampling & its types; Chapter 6
13 Sampling Distributions: Central Limit
Theorem, Standard Error,
Estimation Estimation: Introduction, Point Estimates, Chapter 6
14 Case: to be given
Interval Estimates, Confidence Intervals;
Hypothesis Testing of Hypotheses: Intro, One-Sample Chapter 7 & 8 Examples from QT -
15
Tests handbook
16 -do- Two-Sample Tests; -do-
17 -do- Chi-Square Test: Test of independence Chapter 8 Bring calculator
Testing of Interpreting and selecting significance level, Chapter 8
18 Hypotheses Type –I & Type –II errors, Deciding which
distribution to use; why 2-tail & 1-tail tests
Testing of Testing of Proportions: Large samples:2- Chapter 8
Hypotheses tailed & 1-tailed tests of proportions;
19 (contd.) Testing of Means when population st. Case-3
deviation is not known: using t-distribution
 ANOVA ANOVA: what & why; Inferences about Bring Text book, Hand-
20 population Variance. Review. book.
21 (Optional) Extra –class (Optional) These are special tutorial type review
22 (Optional) Extra –class (Optional) sessions, for those who may need.
Note: Each session is of 90 minutes’ duration.

Evaluation Plan: Total 100 marks

1. Mid-Semester Examination: 20 marks, (compulsory, as a core courses)
2. End-Semester Examination: 40 marks (University Exam.);
3. Quiz: 10 (2 in Pre-Mid Sem.) + 10 (2 in Post-Mid Sem.) = 20 marks;
4. Class Participation: 10 marks (includes a surprise test/ presentation);
5. Assignments: 10 marks (minimum 5 assignments + 2 Comp. practical).

Components Marks
Mid-Semester Exam 20
End-Semester Exam 40
4-Quiz (Pre-Mid 2+ Post-2) 20
Class assignments (5) 10
Class Participation/discussion 10

……………………………………………………………………………………………………………………
……………………….