Statistics One Course Out Line Business Management

ADDIS ABABA MEDICAL AND BUSINESS COLLEGE DIRE DAWA CAMPUS
DEPARTMENT OF BUSINESS MANAGEMENT COURSE OUTLINE
Course code MGMT2072

Course Title Statistics for Management I
Credit Hours 3
ECTS 5
Prerequisite courses No prerequisite
Offering Time 2nd Year, 1st semester
Category of the Core
Course
Teaching and Lecture, Class and Homework, Group Discussion, Worksheet
Learning Methods Exercises Solving, Tutorial and Reflection
Course Description It is a course in basic statistics with statistical methods, and statistical
inference which have become useful tools in every field of
knowledge. The former generally describes the group characteristics
of the particular data, and the latter describes the judgments based on
statistical analysis. Besides, it includes Introduction; data collection
and presentation; measures of central tendency and dispersion;
Probability and probability distribution
Course Objectives The course intended to:
 Familiarizes students with basic concepts of statistics
 Equip student with statistical skills and use these skills in the
managerial applications.
 Enable the students to develop an ability to apply statistics in
managerial decision making.
CONTENTS OF THE COURSE

CHAPTER 1: INTRODUCTION
1.1. Definition of Statistics
1.2. Classification of Statistics
1.3. Classification of variables
1.4. Importance of statistics
1.5. Business application of Statistics
CHAPTER 2: DATA COLLECTION AND PRESENTATION
2.1. Data Collection
2.1.1. Classification of Data
2.1.2. Methods of Data Collection
2.2. Tabular Methods of Data Presentation
2.2.1. Frequency Distributions (Absolute, Relative and Cumulative Distributions)
2.3. Graphic Methods of Data Presentation (Histograms, Polygons, Ogive, Pie-Charts,
Bar and Line Graphs)
CHAPTER 3: MEASURES OF CENTRAL TENDENCY AND DISPERSION
3.1. The Use of Summation Notation
3.2. Measures of central tendency
3.3. Measures of dispersion
CHAPTER 4 - PROBABILITY THEORY (Group work)
4.1. Importance concepts of probability
4.2. Types of event
4.3. Types of probability
4.4. Rules of probability
4.5. Bayes theorem
4.6. Tree diagram
4.7. Joint probability table
4.8. Rules of counting
CHAPTER 5- PROBABILITY DISTRIBUTION (Group work)
5.1. Definition of Probability and probability distribution

5.2. Basic concepts- discrete and continuous random variables, expected value and
variance of discrete random variables
5.3. Discrete probability distributions (Binomial, Hyper-geometric and Poisson
Distributions).
5.4. Continuous probability distributions (Normal Distributions.)
Techniques of evaluation Weight
Mid exam 30%
Group assignment presentation Individual 20%
Submission date January 20/2016 E.C
Final Exam 50%
Total 100%
Classroom Etiquette: Students are expected to observe proper etiquette in class. Disruptions,
such as talking to a classmate and leaving in the middle of class must be avoided. All students
must maintain a high level of professionalism in their classroom with instructor and with their
fellow students. This means coming to class on time, being respectful during class discussions,
and in all communications with instructor and others
Academic Integrity: Academic Integrity is a fundamental value essential to the pursuit of
learning and scholarships at the University. Participating honestly, respectively, responsibly, and
fairly in this academic community ensures that the degree that you earn will continue to be
valued and respected as a true signifier of a student's individual work and academic achievement.
As a result, the University treats cases of academic misconduct very seriously.
References:
 David F. sharp. Statistics for Social Science, Little, Brown and company, Sonston
Toronto-1987
 Gupta, C.B. And Gupta, V. An Introduction to Statistical Methods.
 John R. Stocking and Charles T.Clark, Introduction to Business & Economics Statistics,
South Western Publishing co. 1974.
 Lawrence I.Lapin, Statistics for Modern Business Decision. Harcourt Race
JoranovichINC, 1987.
 Moms Hamburg, Basic Statistics, TohnWikky& Sons, 1986
 Robert D. Mason and douglas A. Lind, Statistical Techniques in Business and
Economies, 7thed. Irwinsnc 1998.
 Smith (2010), Managerial Statistics, Pearson USA.
 Sp. Gupta M.T Guta, New Delhi-India, Business Statistic

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ADDIS ABABA MEDICAL AND BUSINESS COLLEGE DIRE DAWA CAMPUS

DEPARTMENT OF BUSINESS MANAGEMENT COURSE OUTLINE

Course code MGMT2072

CONTENTS OF THE COURSE

5.1. Definition of Probability and probability distribution

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