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Faculty of Management

Integrated MBA Programme

Course Title: Statistics for Managers

Semester Course Code Course Credit


VII 150501701 3
Course Type Specialization Contact Hours
Common NA 40

Course Objective:
To enable students to develop formal quantitative approach to problem solving and to
1 familiarize students with advance analytical tools and mathematical models so that students
can evaluate and interpret the outputs of various process.

Learning Outcomes:
1 To develop students’ ability to measure and judge quantities.
2 To develop students’ diagnostic and analytic skills through suitable logical problems.
To develop the students’ critical thinking capability so that they can understand and solve
3
management problems.
4 To develop skills in structuring and analyzing various operations research problems.

Syllabus:
Number of
Module Contents Weightage (%)
Sessions
Sampling and Sampling Distribution
 Concept of Sampling and its type.
 Central Limit Theorem.
1  Statistical Estimation for Single and Two 9 20%
Populations.
 Hypothesis Testing for Single and two
Populations-Mean and Proportion.
Advance Analytical Tests
 Analysis of Variance and Design of
Experiments.
2  Chi-square Test. 9 20%
 Correlation and Simple Regression.
Multiple Regression Analysis (Output
Interpretation)
Analyzing Data Using Non-Parametric Tests
 Runs Tests
3  Mann-Whitney U Test 7 20%
 Wilcoxon Matched Pair Signed Rank Test
 Friedman Two way Anova Test

GLS University, Faculty of Management, Integrated MBA Programme Syllabus: 2018-19


 Kruskal Wallis Test
 Spearman’s Rank Correlation
Introduction to Linear Programming
 Nature of OR Problem,
 Steps in OR Problem,
 Solution of LPP by Graphical Method,
4 7 20%
 Formulation of LP Problem,
 Duality and Goal Programming
Problems(Only Formulation)
 Introduction to Simulation
Different Optimization Techniques
 Transportation Models, Initial Basic Feasible
Solution and Optimal Solution.
5  Assignment Problem, Multiple Optimal 8 20%
Solution, Maximization, Unbalanced
Assignment Problem, TSP.
 Markov Chains

Evaluation:
Assignments / Quizzes / Class Participation / Role
1 30% (Internal Assessment)
Play/ Project etc.
2 Internal Examination 20% (Internal Assessment)
3 External Examination (University Exam) 50% (External Assessment

Pedagogical Tools:
1 Lectures and Discussions
2 Assignments
3 Case Analysis

Learning Resources:
 Applied Business Statistics: Making Better Business
Decisions by Ken Black, Wiley India Edition, Latest
Edition
1 Text Books
 Quantitative Analysis for Management by Barry Render,
Ralph M. Stair, Jr., Michael E. Hanna, T N Badri,
Pearson Education, Latest Edition
 Statistics for Management by Levin and Rubin , Pearson
Education, Seventh Edition
 Statistics for Business & Economics by Anderson,
Sweeney & Williams, Cengage Learning, Twelth Edition
 Quantitative Techniques in Management by Vohra N. D.,
2 Reference Books Tata McGraw Hill, Latest Edition
 Operations Research by Hamdy Taha, Pearson
Education, Latest Edition
 Quantitative Methods by J K Sharma, Macmillan, Latest
Edition
 International Journal of Operation research
3 Journals  Journal of Multivariate Analysis
 Sankhya-The Indian Journal of Statistics

GLS University, Faculty of Management, Integrated MBA Programme Syllabus: 2018-19


Session Plan:
Session No. Topics / Chapters
1-2 Sampling and Sampling Distributions
3-4 Central Limit Theorem
5-7 Statistical Estimation for Single and Two Populations
8-9 Hypothesis Testing for Single and Two Population-Mean and Proportion.
10-12 ANOVA , Chi-square
13-15 Correlation and Simple Regression
16-18 Multiple Regression Analysis(output interpretation)
19-20 Runs Test, Mann- Whitney U Test
21-23 Wilcoxon Matched Pair Signed Rank Test, Spearman Test
24-25 Friedman Two way Anova Test, Kruskal Wallis Test
26-27 Introduction to OR Problem, LPP Graphical Method
Formulation of LP Problem, Duality and Goal Programming Problem, Introduction
28-31
to Simulation.
32-33 Transportation Problem, Initial Basic Feasible Solution and Optimal Solution.
34-36 Assignment Problem, Multiple Optimal Solution, Maximization
37-38 Unbalanced Assignment Problem, TSP.
Network Techniques, Minimum Spanning Tree problem, Shortest route and
39-40
maximum flow technique, Markov Chain

GLS University, Faculty of Management, Integrated MBA Programme Syllabus: 2018-19