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DICS1204Course Content

This document outlines a course on probability and statistics. It covers topics like measures of central tendency, measures of dispersion, probability, and probability distributions over 14 weeks. Students will be assessed through class presentations, two midterm tests making up 30% of the grade, and a final exam making up the remaining 70%.

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32 views

DICS1204Course Content

This document outlines a course on probability and statistics. It covers topics like measures of central tendency, measures of dispersion, probability, and probability distributions over 14 weeks. Students will be assessed through class presentations, two midterm tests making up 30% of the grade, and a final exam making up the remaining 70%.

Uploaded by

nogarap767
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ST.

PAUL’S UNIVERSITY
UNIT: DICS 1204 – Probability and statistics
LECTURER: DENNIS O ONDIEKI
EMAIL:[email protected]
Phone:0721817434

COURSE OUTLINE
Course Purpose:
This course presents the concepts and skills that students will need to successfully use and
interpret statistical analyses. Course topics include when and how to use statistics
appropriately, summarizing and presenting data, the assumptions that underlie statistical
analyses
Course Objectives:
This course introduces students to the basic statistical methods and concepts which can be
applied to solve management problems of a quantitative nature.
Upon completion of the course, the students should be able to:
1. Design a simple sampling plan
2. Understand and appreciate the application of statistical methods in the area of business
3. Develop strong statistical tools to be applied in subsequent courses
4. Learn to apply the statistical methods learnt to real life situations and conduct surveys

SPECIFIC TOPICS
WEEK TOPIC / SUB- TOPIC

Week 1 Introduction and general overview


 Definition of statistics, Divisions of statistics
 Importance, functions of statistics and nature of statistical data
 Statistics as tool of management
 Limitations of Statistics
Week 2 Levels of measurement and Collection of data
 Nominal, Ordinal, Interval and Ratio scales
 Methods of collecting primary data
 Sources of Data
Week 3 Classification and Tabulation
 Classification of data
 Tabulation of data
 Discrete and continuous variables
 Statistical series
 Frequency distribution
Week 4 Presentation of data
 Diagrams and Graphs
 Bar graphs, Pie Charts and Frequency tables
 Histograms, Frequency distributions, Frequency polygons, Ogives
Week 5 Continuous Assessment Test 1
Week 6 and 7 Measures of Central tendency
 Arithmetic Mean, Median, Mode
 Other concepts of mean (Weighted, Geometric mean, harmonic
Mean for ungrouped data)
Week 8 Measures of dispersion
 The range
 The absolute mean deviation
 Population variance and standard deviation
 Sample variance and standard deviation.
Week 9 Probability
 Introduction to probability
 Approaches to probability: Classical approach, relative frequency
approach, guestimate approach, axioms of probability
 Probability range, mutually exclusive events, independent events,
collectively exhaustive events and complementary events

Week 10 Continuous Assessment Test 2


Week 11 and 12 Probability
 Probability rules: addition law, multiplication law and conditional
probability rule
 Introduction to probability distributions(mentioning the
distributions but work only on Normal probability distribution)

Week 13 Revision week


Week 14 EXAMS

Course assessment:
The continuous assessment will consist of class presentations and CAT which will add up to 30%.
There will be a final exam at the end of the semester which will contribute 70%.
Overall Marks for the unit is 100%.
Key References:
1. Lagin, Lawrence L, Statistics for Modern Business Decisions
2. Daniel Wayne, Business Statistics: Basic Concepts and Methodology
3. G. L. Thickette, Wheldon’s Business Statistics and Statistical Methods
4. Saleemi N. A., (2010) Statistics Simplified Saleemi Publishers Ltd
5. Introduction to Probability. 2nd ed. Providence RI, Grinstead C.M and Snell J.L (1997),
American Mathematical Society ,ISBN 0-82-180749-8

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