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    Bumastics

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    Indra Chapagain
    This 3 credit course introduces students to statistical techniques used for business decision making. The course is divided into 4 modules covering differentiation, probability, descriptive statistics, and inferential statistics. Students will learn concepts like marginal analysis, probability distributions, data visualization, and hypothesis testing to analyze business problems. The emphasis is on application over technical details. Students will use software like Excel and SPSS to perform statistical analysis and gain experience applying these methods to real world business situations.

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    Bumastics

    Uploaded by

    Indra Chapagain
    391 views2 pages
    This 3 credit course introduces students to statistical techniques used for business decision making. The course is divided into 4 modules covering differentiation, probability, descriptive statistics, and inferential statistics. Students will learn concepts like marginal analysis, probability distributions, data visualization, and hypothesis testing to analyze business problems. The emphasis is on application over technical details. Students will use software like Excel and SPSS to perform statistical analysis and gain experience applying these methods to real world business situations.

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    This 3 credit course introduces students to statistical techniques used for business decision making. The course is divided into 4 modules covering differentiation, probability, descriptive statistics, and inferential statistics. Students will learn concepts like marginal analysis, probability distributions, data visualization, and hypothesis testing to analyze business problems. The emphasis is on application over technical details. Students will use software like Excel and SPSS to perform statistical analysis and gain experience applying these methods to real world business situations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    391 views2 pages

    Bumastics

    Uploaded by

    Indra Chapagain
    This 3 credit course introduces students to statistical techniques used for business decision making. The course is divided into 4 modules covering differentiation, probability, descriptive statistics, and inferential statistics. Students will learn concepts like marginal analysis, probability distributions, data visualization, and hypothesis testing to analyze business problems. The emphasis is on application over technical details. Students will use software like Excel and SPSS to perform statistical analysis and gain experience applying these methods to real world business situations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    BUMASTICS

    Course Objective

    The purpose of this course is to impart knowledge and skills of statistical techniques and their
    application to business problems and to make informed decisions, backed up by data. The
    emphasis will be on the concepts and application rather than derivations or technical details.
    Students will learn concepts that enable you to understand topics such as market research,
    corporate risk and quality control, which they are supposed to encounter with later in their
    professional career. The aim is to teach uses of techniques, leaving the computational aspect to
    the computer.

    Credit Hours: 3 Total LH: 48

    Course Contents

    Module I: Differentiation 8 LH
    Module Objective: To enable students with understanding of marginal analysis in
    business and economics.
    Derivatives of a Function, Derivatives of Sum, Difference, Product and Quotient,
    Applications of Differentiation in Economic and Managerial Problems like Marginal
    Analysis and Elasticity; Maxima and Minima: Concept and Uses.
    Method: Class room lecture and tutorials.
    Module II: Probability 8 LH
    Module Objective: To make students familiar about basics of probability theory and
    their applications in business and management research.
    Concept, Importance, Approaches, Additive and Multiplicative Probability, Conditional
    Probability; Bayes Theorem; Probability Distribution: Binomial, Poisson, and Normal.
    Method: Class room lecture and tutorials.
    Module III: Descriptive Statistics 4 LH
    Module Objective: To equip students with skill of carrying out descriptive statistical
    procedures and utilize them in real life situation of business.
    Summary of Data: Frequency Distribution, Bar Graphs, Histogram, Pie Charts, Cross
    Tabulation, Simpsons Paradox, Scatter Diagram and Trend Line; Measures of Location:
    Mean, Median, Mode; Measures of Dispersion: Mean Deviation, Standard Deviation,
    Variance, and Coefficient of Variation.
    Method: Class room lecture, tutorials and practice in the lab using statistical software
    either MS-Excel or SPSS.
    Module IV: Inferential Statistics 28 LH
    Module Objective: To familiarize students with various hypotheses and techniques of
    hypothesis tests.
    Estimation: Theory, Criteria of Good Estimator, Point and Interval Estimate, Estimation
    of Sample Size, Relationship among Errors Risk and Sample Size; Meaning of
    Hypothesis, Types of Errors in Hypothesis Testing, One-tailed and Two-tailed Test;
    Parametric Tests: t-Test (One Sample, Two Independent Sample and Paired Sample), Z-
    test, One-way ANOVA, F-test; Test of Relationship: Pearson Correlation, Simple Linear
    Regression; Non-parametric Tests: Chi-square Test for Goodness of Fit, Chi-square Test
    for Independence, Wilcoxon Signed Rank Test.
    Method: Class room lecture, tutorials and practice in the lab using statistical software
    either MS-Excel or SPSS.

    Suggested Readings

    Anderson, D.R., Sweeney, D.J., & Williams, T.A., Essentials of Statistic for Business and
    Economics, Thomson Learning.
    Elhance, D.N., Elhance, V., & Aggrawal, B.M., Fundamentals of Statistics, Kitab Mahal.
    Gupta, S.P., Statistical Methods, Sultan Chand and Sons.
    Kapur, J.N., & Saxena, S.C., Mathematical Statistics, Sultan Chand and Sons.
    Levin, R. I., & Rubin, D.S., Statistics for Management, Prentice Hall.
    Shrestha, K.K., & Thagurathi, R., Applied Mathematics, Buddha Publication.

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