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HBC 2110

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HBC 2110

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Uploaded by

benedict22134
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HBC 2110: INTRODUCTION TO BUSINESS STATISTICS (45 LECTURES HOURS)

Prerequisite – 2103: Mathematics for Business

Course Purpose
Business Statistics Course is intended to be an introductory course in the discipline of statistics. Business Statistics
will mainly deal with fundamental statistics to enable the students to appreciate the use of statistics in social science
subject in general and data analysis in particular

Course Objectives
At the end of the course the students should be able to:

1. Appreciate statistical methods of data processing and analysis.


2. Crystallize the role of statistics in business analysis.

Course Description
Introduction to statistics. Descriptive, inference, deductive and inductive statistics. Statistical measures; the
arithmetic mean, median, mode, standard deviation, skewness, quartiles frequency distributions. Index
numbers; relative, composite, published. Basic probability theory events; compound events; conditional and
joint probability. Hypothesis testing; Z-Test, t-Test Chi-Square-Test, F-Test. Simple regression analysis;
Analysis of variance, Time series analysis.

Teaching Methodology
1. Lectures
2. Group discussions
3. Tutorials

Instructional Materials:
These will include: Tablet, Smart board, LCD projector & Computers, Flipcharts

Course Evaluation
CATs/Assignment/Presentation 30 %
Final Examination 70 %
Total 100%

Course Text books


Mason, R. D., Lind, D. A. and Marchal, W. G. (2002). Statistical Techniques in Business and Economics. Irwin
McGraw-Hill, Boston.
Keller, G., B. Warrack and H. Bartel (1999). Statistics for Management and Economics. 3 rd Edition. Wadsworth
Publishing Company, Belmont California, USA.

Reference Text books


Wonnacott, T.H. and R.J. Wonnacott (1990). Introductory Statistics for Business and Economics, 4 th Edition, John
Wiley and Sons Inc.
Clarke, G.M. and Cooke, D. (2004). A Basic Course in Statistics. 5 th Edition, Arnold, A Member of Hodder
Headline Group, London.
Gujarati, D.N. (2002). Basic Econometrics. 4th Edition, McGraw-Hill, Inc., New York

Course Journals
Journal of Statistics Education
Statistics and Computing Journal

Reference Journals
Electronic Journal of Statistics
Journal of Applied Statistics
The Canadian Journal of Statistics

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