COMSATS Institute of Information Technology

Defence Road, Off Raiwind Road, Lahore

COURSE HANDBOOK

1 Course Title Introduction to Statistics

2 Course Code MTH161
3 Credit Hours 3(3,0)
4 Semester SP16
5 Resource Person Ms. Noreen Naeem
6 Supporting Team Members Will be informed later
7 Contact Hours (Theory) 3 hours per week
8 Contact Hours (Lab) Not Applicable
9 Office Hours Shall be communicated later
10 Course Introduction
This course is aimed at imparting basic knowledge of Statistics to business students. The course
will introduce some basic statistical methods which are helpful for decision making in business
and economics. The course will start from simple descriptive measures and will goes to prediction
technique like regression analysis.
11 Learning Objectives
After completing this module the students will be enable to:

i) Differentiate between various types of data encountered in business and management

ii) Present available data in most appropriate form in accordance with objectives of the study

iii) Use common descriptive statistical measures for simple decision making

iv) Understand use of simple probability and random variables in business decision making

v) Understand the use of well known probability distributions

vi) Use statistical methods for efficient prediction

vii) Understand the methods to forecast

Course Contents
12

Introduction to Business Statistics, Frequency Distributions & Representation of business data,

Measures of Central Tendency, Measures of Dispersion with business applications, Properties of
Mean and Variance, Empirical relation between mean and standard deviation, Probability theory,
Counting rules, Conditional Probability, Concepts of Discrete and Continuous Random variable,
Cumulative distributions, Binomial, Poisson & Geometric distributions, Uniform & Normal
distribution, Simple Linear Regression and fitting of Curves, Correlation study, Forecasting
techniques: Time Series analysis, Index Numbers, SPSS.
 Lecture/Lab Schedule
13
Weeks Topic of Lecture Reading Assignment
Week 1  Introduction to Statistics
 Data and its types
 Data Presentation Methods
 Grouped and Ungrouped Data

Week 2  Measures of Central Tendency (Mean, Median,

Mode and Percentiles)

Week 3  Measures of Dispersion

 Introduction to Probability and Counting Rules

Week 4  Events and their types

 Addition rule of probability and its application

Week 5  Dependent and independent events

 Conditional Probability and its application

Week 6  Sessional – I exam

 Multiplication rule of probability and its
application in business

Week 7  Random variables and their type

 Probability distribution of discrete and
continuous random variable
 Distribution function of discrete random
variable

Week 8  Continuous random variable and its probability

distribution
 Distribution Function of Continuous random
variable and its application

Week 9  Mean and Variance of random variables

 Median and Percentiles of random variables

Week 10  The Binomial Distribution and its application

 The Poisson Distribution and its Application

Week 11  Sessional – II exam

 The Normal Distribution and its applications

Week 12  Percentiles of Normal Distribution and their use

in business
 The Correlation Coefficient and its use

Week 13  Simple Linear Regression

 Application of Simple Linear Regression in
business predications
Week 14  The Time Series and its use in business
 Components of Time Series and their
estimation
 Forecasting using Time Series

Week 15  Index numbers and their use in business

 Various Index number types and their
computations

Week 16  Use of SPSS for Statistical Analysis

14 Course Assessment
The assessment of this module shall have following breakdown structure

First Sessional Test 10%

Second Sessional Test 15%
Quizzes/Assignments 25%
Terminal Examination 50%

The minimum pass marks for each course shall be 50%. Students obtaining less than 50% marks
in any course shall be deemed to have failed in that course. The correspondence between letter
grades, credit points, and percentage marks at CIIT shall be as follows:
Grades Letter Grade Credit Points Percentage Marks

A ( Excellent) 4.0 90and above

A- 3.7 85-89
B+ 3.3 80-84
B (Good) 3.0 75-79
B- 2.7 70-74
C+ 2.3 65-69
C (Average) 2.0 60-64
C- 1.7 55-59
D (Minimum passing) 1.3 50-54
F (Failing) 0.0 Less than 50
Note: The marks to be assigned to students shall be in whole numbers and are not same as
followed in the annual system of Lancaster University.
15 Assessment Schedule
September 2016 1st Assignment and Quiz
September 2016 2nd Assignment and Quiz
October 2016 3rd Assignment and Quiz
November 2016 4th Assignment and Quiz
November 2016 5th Assignment (Presentation) and Quiz
December 2016 6th Assignment (Presentation) and Quiz
16. Format of Assignment
This course indoctrinates the following format for all its assignments:
1. Paper Size: A4
2. Left Margin: 2 Inches
3. Right Margin: 1 Inch
4. Top Margin: 0.5 Inch
5. Bottom Margin: 0.5 Inch
 6. Font: Times New Roman
7. Font Size:
a. Main Heading 14
b. Sub Heading 12
c. Text 12
d. Titles 16
8. Font Color: Black
9. Line Spacing: 1.5
10. Diagrams & Charts: Need not be colored
11. Title page must be designed as guided by resource person in class
12. Number of Pages: No Limit
13. Reference Style: APA (If applicable)
17. Text Book Anderson DR, Sweeney DJ, Williams TA (2005). Statistics
for Business and Economics. 9th Edition. Cengage Learning,
EMEA.
18. Reference Books 1.Levine RI, Rubin DS (1997). Statistics for Management. 7 th
Edition. Prentice Hall. New Jersey, USA.
19. Plagiarism
Zero tolerance policy will be adopted in Dual Degree Programme

Plagiarism can include the following:

1. collusion, where a piece of work prepared by a group is represented as if it were the
student’s own;
2. commission or use of work by the student which is not his/her own and representing it as
if it were, e.g.:
a. purchase of a paper from a commercial service, including internet sites, whether
pre-written or specially prepared for the student concerned
b. submission of a paper written by another person, either by a fellow student or a
person who is not a member of the university;
3. duplication (of one’s own work) of the same or almost identical work for more than one
module;
4. the act of copying or paraphrasing a paper from a source text, whether in manuscript,
printed or electronic form, without appropriate acknowledgement (this includes quoting
directly from another source with a reference but without quotation marks);
5. submission of another student’s work, whether with or without that student’s knowledge
or consent;
6. Directly quoting from model solutions/answers made available in previous years;
These definitions apply to work in whatever format it is presented, including written work,
online submissions, group work and oral presentations.
20. Attendance Policy
Every student must attend 80% of the lectures/seminars delivered in this course.
21. Field Trips/Case Studies/Seminars/Workshop
Not Applicable