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Business Statistics Course Guide

This document provides information about a Business Statistics course offered as part of an Accounting and Finance program. The course aims to familiarize students with using statistical tools for financial decision making and data analysis. It will cover descriptive statistics, sampling, statistical estimation, hypothesis testing, chi-square distributions, analysis of variance, regression, and correlation. Students will be assessed through tests, quizzes, assignments, and a final exam. Active participation and individual effort are expected from students. The course objectives are to help students apply statistics effectively in business contexts.

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Yohannes Alemu
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20 views

Business Statistics Course Guide

This document provides information about a Business Statistics course offered as part of an Accounting and Finance program. The course aims to familiarize students with using statistical tools for financial decision making and data analysis. It will cover descriptive statistics, sampling, statistical estimation, hypothesis testing, chi-square distributions, analysis of variance, regression, and correlation. Students will be assessed through tests, quizzes, assignments, and a final exam. Active participation and individual effort are expected from students. The course objectives are to help students apply statistics effectively in business contexts.

Uploaded by

Yohannes Alemu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name of University:

Name of College/Faculty:

Name of Department: Accounting and Finance Program

Department Accounting and Finance


Program BA degree in Accounting and Finance Program
Course Number AcFn2132
Course Title Business Statistics
Degree Program BA Degree in Accounting and Finance
Module Computing and Quantitative Method for Business
Module No and Code AcFn-M2130
ETCTS Credits 5
Contact Hours (per 3
week)
Lecturer Kebede A. (MSc)
Course Objectives & The objective of this course is thus to discuss the theoretical aspects of statistics and then
Competences to be focus on its practical applications in business decision making, which modern managers
Acquired
and decision makers are expected to be armed with on the face of considerable
uncertainty. Besides, it is also to create know-how to students on various application
areas and benefit of statistical in business.

This course aims:

 To familiarize students about the use & application of various statistical tools in the
field of financial decision making
 To enable students make valid inference from data
 To enable students to construct and test different types of hypothesis
 To enable students to find correlation between variables
 How to apply the statistical tests in the preparation of Research report.
 To enable students appreciate the application of statistics in every areas of
activities in business and industry such as production, financial analysis,
distribution, market research, manpower planning.

Course Description The use of statistical knowledge in the field of business aid dated many years back. In
recent years, an understanding of statistical methods, techniques, and the skills to make
use of them had widely been recognized more than before. It is essential for anyone
making business decisions on the basis of data to possess a clear understanding of
statistics.

Among other, the vast and fast changing technological, financial and economic setting has
necessitated an organized use and extensive application of statistical tools to business
decision making. Statistics has proved useful in many ways. Such as in establishing
relationship, making predications, and providing solution to the many problems of
business operations and managerial decision Statistics is widely applied in production
and quality control, marketing research, manpower planning, finance, etc.
WEEKS
2 WEEKS 1. Statistics Refresher
1.1. Introduction
{1ST&2ND } 1.1.1. Definition
1.1.2. Areas (types) of statistics: Descriptive, Inferential
1.1.3. Importance (uses) of statistics
1.2. Descriptive Statistics (Independent Review)
1.2.1. Statistical data (meaning, types, sources, processing and
methods of obtaining data)
1.2.2. Organization of descriptive data (tabular presentation;
frequency distribution, graphical presentation;
histogram, bar graphs, pie charts, the frequency
polygon, the give.)
1.2.3. Summarizing data
1.2.4. Measures of location or central tendency: the arithmetic
mean, the median, the mode.
1.2.5. Measures of dispersion or variation: the range,
percentiles, the variance and standard deviation, the
coefficient of variation, skew ness.
2 WEEKS 2. Sampling & Sampling Distributions
2.1. Sampling Theory
{5TH&6TH } 2.1.1. Basic Definitions
2.1.2. The need for samples
2.1.3. Designing and conducting a sampling study
2.1.4. Bias and errors in sampling, non-sampling errors
2.1.5. Types of samples- random and non-random samples

2.2. Sampling Distributions


2.2.1. Definitions
2.2.2. Sampling distributions of the mean and proportion
2.2.3. Sampling distribution of the difference between two
means and two proportions
2WEEKS 3. Statistical Estimations
3.1. Basic concepts
{7TH&8TH) 3.2. Point estimators of the mean and proportion
3.3. Interval estimators of the mean and proportion
3.4. Interval estimation of the difference between two independent
means (concept and formula)
3.5. Student's t-distribution
3.6. Determining the sample size
2WEEKS 4. Statistical Estimations
4.1. Basic concepts
{7TH&8TH) 4.2. Point estimators of the mean and proportion
4.3. Interval estimators of the mean and proportion
4.4. Interval estimation of the difference between two independent
means (concept and formula)
4.5. Student's t-distribution
4.6. Determining the sample size
2WEEKS 5. Hypothesis Testing
5.1. Basic concepts
5.2. Steps in Hypothesis testing
{9TH &10TH } 5.3. Type I and type II errors (concepts)
5.4. One tailed \IS two tailed hypothesis tests
5.5. Hypothesis testing of:
5.6. Population mean, proportion
5.7. The difference between two means and two proportions
2WEEKS 6. Chi-Square Distributions
6.1. Areas of application
{11TH&12TH } 6.2. Tests for independence between two variables
6.3. Tests for the equality of several proportions
6.4. Goodness- of fit tests (Binomial, normal, Poisson)
2WEEK 7. Analysis of Variance
7.1. Areas of application
{13TH&14TH } 7.2. Comparison of the mean of more than two populations
7.3. Variance test
2WEEKS 8. Regression And Correlation
8.1. Linear correlation
{15TH&16TH } 8.1.1. The coefficient of correlation
8.1.2. Rank correlation coefficient
8.2. Simple linear regression
8.3. curve fitting, the method of least square, r2
Teaching & Learning The teaching and learning methodology include lecturing, discussions, problem solving,
Methods/strategy and analysis. Take-home assignment will be given at the end of each chapter for
submission within a week. Solution to the assignments will be given once assignments
are collected. Cases with local relevance will also be given for each chapter for group of
students to present in a class room. The full and active participation of students is
highly encouraged
Assessment/Evaluation Test 1 Test 2 Test 3 Quiz1 Assignment 1 Final Total

10% 10% 10% 10% 10% 50% 100%

Work load in hours Test 1 Test 2 Test 3 Quiz1 Assignment 1 Final Total

10% 10% 10% 10% 10% 50% 100%

Roles of the Instructor


Roles of the students He/she will come to the class regularly on time and deliver the lecture in a well-
organized manner. Besides, at the end of each class he/she gives reading assignment
for the next class. He/she will make sure that proper assessments is given. He/she is
also responsible to give feedback for each assessment.

Text and reference books The success of this course depends on the students’ individual and collective contribution
to the class discussions. Students are expected to participate voluntarily, or will be called
upon, to contribute to set exercises and problems. Students are also expected to read the
assigned readings and prepare the cases before each class so that they could contribute
effectively to class discussions. Students must attempt assignments by their own.
Proficiency in this course comes from individual knowledge and understanding. Copying
the works of others is considered as serious offence and leads to disciplinary actions.

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