This course provides fundamental concepts and techniques of business statistics needed for business research. It is a 4 credit, half term course open to masters and PhD students in management and related fields. Topics covered include descriptive statistics, probability, random variables, sampling, estimation, hypothesis testing, regression analysis and ANOVA. Assessment includes a midterm exam, assignments, class participation based on attendance, and an open book final exam. The goal is to equip students with statistical skills for coursework and research.
This course provides fundamental concepts and techniques of business statistics needed for business research. It is a 4 credit, half term course open to masters and PhD students in management and related fields. Topics covered include descriptive statistics, probability, random variables, sampling, estimation, hypothesis testing, regression analysis and ANOVA. Assessment includes a midterm exam, assignments, class participation based on attendance, and an open book final exam. The goal is to equip students with statistical skills for coursework and research.
This course provides fundamental concepts and techniques of business statistics needed for business research. It is a 4 credit, half term course open to masters and PhD students in management and related fields. Topics covered include descriptive statistics, probability, random variables, sampling, estimation, hypothesis testing, regression analysis and ANOVA. Assessment includes a midterm exam, assignments, class participation based on attendance, and an open book final exam. The goal is to equip students with statistical skills for coursework and research.
This course provides fundamental concepts and techniques of business statistics needed for business research. It is a 4 credit, half term course open to masters and PhD students in management and related fields. Topics covered include descriptive statistics, probability, random variables, sampling, estimation, hypothesis testing, regression analysis and ANOVA. Assessment includes a midterm exam, assignments, class participation based on attendance, and an open book final exam. The goal is to equip students with statistical skills for coursework and research.
Name of the Department/Schools/Centre/ID groups: Shailesh J Mehta School of Management,
IIT Bombay Description of the Course: This is to provide fundamental concepts on Statistics needed for business research. The course objective is to equip students on fundamental and important concepts and techniques of Business Statistics. The lab component in the course will prepare students to develop skills in organizing and analyzing data using standard statistical software packages.
Course No.: MGT 802
Course Level: i Title of the course Statistics for Business Research
ii Credit structure 4L 0T 4P 6Credits (Half term course)
iii Pre-requisite, if any None (for the students)
iv Course content Introduction and Descriptive Statistics
Probability Random Variables and Probability Distributions Sampling Distributions Point and Interval Estimation Testing of Hypotheses Goodness of fit Tests and Categorical data analysis Correlation and Simple linear Regression Multiple Regression and Logistic Regression Analysis of Variance
v Texts/References 1) Managerial Statistics, Keller, 2012, Cengage Learning.
2) Montgomery, D.C and Runger, G.C, Applied Statistics and
Probability for Engineers, 5th Edition, Wiley Publication, 2010. 3) Walpole, R.E, Myers, S.L and Ye, K, Probability and Statistics for Engineers and Scientists, Eighth Edition, Pearson, 2007 4) Montgomery,D.C, Peck,E.A, Vining, G Introduction to Linear Regression Analysis, 4’th Edition, Wiley Publication, 2007. 5) Johnson, R. A and Wichern, D.W Business Statistics: Decision Making with Data, John Wiley and Sons, Inc. 1996. 6) Fundamental of Statistics (Vol-1), Gun Gupta Dasgupta, World Press. 8th edition. vi Instructor(s) name Prof. Indrajit Mukherjee vii Name of other Mechanical Engineering, Industrial Engineering & Operations departments to Research, Metallurgical Engineering & Material Science. whom the course is relevant
viii Justification Most Masters and PhD students in management and allied disciplines, such as operations management, quality management, marketing, and business analytics require knowledge on basic Statistics to carry out their course work and research. This course will help such students. Concepts and techniques will be covered in the lecture sessions. The lab session in the course will demonstrate the use and application of standard statistical software packages.
ASSESSMENT METHOD
Mid Term Evaluation: 35 % (Open Book Exam)
Assignment 10 % (To be presented and submitted) Class Participation: 5 % (Based on Attendance) # "Attendance >= 90% will get full 5 marks (out of 5) for class participation, Attendance >= 80% will get 3 marks (out of 5) for class participation, Attendance >= 70% will get 1 marks for class participation. A student will not get any marks for class participation if attendance is less than 70 %.". Each session will consist of 2 class (1.5 Hrs +1.5 Hrs)
