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Teaching Plan for QUANTITATIVE TECHNIQUES (SEM-I, Batch2012-2014) Objective: To train students how to indentify variables, formulate models

and inculcate the skills of

Quantitative Tools which can be applied to handle various management decision-making problems.

Sl. No. 1.

Chapter Name Induction Programme

Contents 1. Course structure & outline. 2.Introduction to QT: Meaning, importance of learning QT 3. A brief overview on Number System and System of Equations; Linear, Quadratic and Simultaneous equations. 4. Concepts of A.P. series and G.P. series and their application with the help of numerical examples. 5. Matrices and their application: Definition, Types, Basic operations, Inverse of a Matrix. 6. Data Collection, frequency distribution.

No. of Teaching Books Referred lectures Methodology Practice of sums, 1. Business Application of Statistics by business data trough S.K. solving Khandelwal. numerical/classroom 2. Mathematics activity by J.K. Thukral

Assignment Numerical questions.

10

CLASS TEST 2. Measures of Central Tendency Meaning, types of Averages: Arithmatic Mean, Geometric mean, Harmonic mean, median and Mode for ungrouped and grouped data. Empirical relation between mean, median and mode. Merits and Demerits of various measures of central tendency. Other positional averages like quartiles, deciles and percentiles. Meaning, different methods: Range, Mean Deviation, Quartile Deviation, Variance and standard deviation. Coefficient of variation, Skewness and kurtosis. 4 Extensive Problem Solving Business Statistics by S.K. Khandelwal. Numerical questions

Measures of Dispersion

Extensive Problem Solving

Numerical questions.

4.

Correlation Analysis

Meaning, types: positive, negative correlation, Scatter Diagram, Karl Pearsons Correlation Coefficient and Spearmans Rank Correlation Coefficient( without tie) Meaning, two regression lines, relation between Correlation Coefficient and Regression coefficient. Meaning, Uses, Constructing price and quantity Index by Simple aggregate method, relative method, and weighted Index numbers. Time Reversal and Factor reversal Test.

Extensive Problem Solving

Numerical questions.

5.

CLASS TEST Extensive Problem Solving

Numerical questions.

6.

Index Numbers

Extensive Problem Solving 2

Numerical questions.

7.

8.

Probability and Basic Set theory

Meaning, components of time series, Moving Average Method, Least Square Method. Meaning, concepts of Mutually exclusive events, equally likely events, independent events, Classical approach, laws of probability, conditional probability Introduction, Binomial, Poisson, Normal Concepts, laws (addition, multiplication law) and application.

Extensive Problem Solving 2

Numerical questions.