L T P O C

Course Code UMS23G05J Course Name STATISTICS FOR BUSINESS Course Category G Generic Elective Courses
3 0 2 2 4
Pre-requisite Courses Nil Co-requisite Courses Nil Progressive Courses Nil
Course Offering Department Mathematics and Statistics Data Book / Codes/Standards Graph paper
Course Learning Rationale (CLR): The purpose of learning this course is to: Learning Program Learning Outcomes (PLO)
CLR-1 : To learn and understand fundamental concepts of statistics 1 2 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
CLR-2 : Get understanding on the different methods of statistical techniques

Project Mgt. & Finance

Scientific Knowledge
Expected Proficiency
CLR-3 : To enable the use of statistical, graphical and algebraic techniques wherever relevant.

Expected Attainment

Modern Tool Usage

Life Long Learning

Individual & Team
Society & Culture

Communication
Problem Analysis
CLR-4 : To apply statistical techniques to various business applications

Analysis, Design,

Environment &
Sustainability
CLR-5 : Get understanding on the different methods of index numbers, Employ appropriate methods in time series

Development

Research
Design &
(Bloom)
Thinking
Level of

PSO – 3
PSO - 1
PSO - 2
Ethics
Course Learning Outcomes At the end of this course, learners will be able to:

Work
(%)

(%)
(CLO):
CLO-1 : To recognize the importance and value of statistical thinking and approach to problem solving L - - M L - - - - - - - - - - - - -
CLO-2 : To have a skill in interpretation and analysing the data by graphical and different measures of averages L - - - H - - - - - - - - M - - - -
CLO-3 : To calculate and apply measures of location and measures of dispersion -- grouped and ungrouped data cases. H - - - M - - - - - - - - M - - - -
CLO-4 : To calculate and apply correlation and Regression concepts H - - - M - - - - - - - - M - - - -
CLO-5 : To understand the basic notions of time series and index numbers and its applications M - - H M - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - -
Duration (hour) Learning Unit / Module 1 Learning Unit / Module 2 Learning Unit / Module 3 Learning Unit / Module 4 Learning Unit / Module 5
15 15 15 15 15
S-1 SLO-1 Introduction of Statistics, Definitions Introduction of central tendency, good Measures of Dispersion-Definition- Methods Concept of univariate and bivariate distribution Introduction of Times series- background
Background of statistics, Origin and measure of central tendency of Dispersion
growth of statistics
SLO-2 Characteristics of statistics, Nature Definitions of central tendency, functions of Range- definitions-merits and demerits- Correlation Analysis: Correlation - Definition and uses of time series
and scope of statistics Averages problems Definition and uses
S-2 SLO-1 Application, Functions of statistics, Characteristics and types of averages Quartile deviations- definitions-merits and Types of correlation Mathematical and additive model of time
Limitations of statistics demerits series
SLO-2 Functions of Statistics Arithmetic mean -definitions-merits and Quartile deviations –problems-raw data Methods of studying correlation – Graphical Secular trend-uses
demerits and mathematical methods
S-3 SLO-1 Introduction of Statistical enquiries Arithmetic mean, Problems on raw data, Quartile deviations- Discrete data-problems Scattering diagram Secular trend -methods
discrete series
SLO-2 Planning and design of statistical Arithmetic mean -problems- continuous data Quartile deviations- Continuous data- Methods for Finding Correlation Coefficient Graphical method
enquiry problems
S-4, S- 5 SLO-1 Practical – Statistical Enquiry Practical – Arithmetic mean - problems- Practical - Problems on Quartile deviation Practical – Scatter diagram applications Practical – Models of time
SLO-2 shortcut methods seriesapplications
S-6 SLO-1 Sources and method of Median-definitions-merits and demerits, Mean deviations- definitions-merits and Properties of correlation coefficient Semi average method- problems
datacollection demerits
SLO-2 Various sampling designs Median-Raw data-problems Mean deviations –problems-raw data Karl Pearson’s Correlation Co-efficient Moving average method-procedure-uses-
S-7 SLO-1 Primary data and its sources - Median-Raw data-problems Mean deviations- Discrete data- problems Karl Pearson’s Correlation Co-efficient- Method of least square method- procedure
deviation method- problems
SLO-2 Secondary data and its sources Median -problems-discrete data Mean deviations- Continuous data- Karl Pearson’s Correlation Co-efficient- Methods of least square problems
problems deviation method-from an assumed mean -
problems
S-8 SLO-1 Classification of data- Types of Median -problems-discrete data Standard deviations- definitions- merits and Karl Pearson’s Correlation Co-efficient- Methods of least square problems
classification of data demerits deviation method-from an actual mean -
problems
SLO-2 Tabulation – Definition of tabulation, Median -problems- continuous data Standard deviations –problems-raw data Spearman’s Rank CorrelationCoefficient- Seasonal indices-procedure and problems
Parts of a table definition-simple problems
S-9, S- SLO-1 Practical - Classification and Practical – Applications of Median problems Practical – Problems on Mean deviation Practical - Problems on correlation Practical – Problems on least square method
10 SLO-2 Tabulation
S-11 SLO-1 Diagrammatic presentation- Types of Mode-definitions-merits and demerits, raw , Standard deviations- Discrete data- Regression Analysis: Regression - Introduction of Index Number
diagrams problems Regression Co- efficient
SLO-2 Bar diagrams Mode-discrete data Problems Standard deviations- Continuous data- problems Definition and Uses Unweighted index number

S-12 SLO-1 Pie diagram Mode -problems- Discrete data Coefficient of Variation problems Types of Regression Equations Weighted index number
SLO-2 Histogram-Frequency polygon Mode -problems- Continuous data Applications of Coefficient of Variation Regression Equation of X on Y and Test of consistency – Time Reversal test
Regression Equation of Y on X
S-13 SLO-1 Cumulative frequency curve (ogive) Empirical relationship between Mean, median, Graphical representation of dispersion- Relationship between Correlation and Test of consistency – Factor Reversal test
and mode Lorenz curve Regression Coefficients
SLO-2 Cumulative frequency curve Less Problems on Empirical relationship Measures of Skewness- Absolute and Problems on the Relationship between the Consumer price index number, definition,
than and more than(ogive) Relative measure of skewness Coefficients uses and problems
S-14, S- SLO-1 Practical – Graphical representation of Practical – Applications of Mode problems Practical - Skewness and its applications Practical – Regression equations Practical – Applications of index number
15 SLO- Statistical data

Learning Resources/ 1. Gupta S.P (2012), Statistical Methods , 4th Edition, Sultan Chand & Sons, New Delhi
Reference Book 2. R.S.N. Pillai and Bagavathi, Statistics ,Chand.S and company Pvt.Ltd, New Delhi

Bloom’s Continuous Learning Assessment (50% weightage) Final Examination (50% weightage)
Level of Thinking CLA – 1 (10%) CLA – 2 (10%) CLA – 3 (20%) CLA – 4 (10%)#
Theory Practice Theory Practice Theory Practice Theory Practice Theory Practice
Level 1 Remember 30% 30% 30% 30% 30% 30% 30% 30% 30% -
Understand
Level 2 Apply 40% 40% 40% 40% 40% 40% 40% 40% 40% -
Analyze
Level 3 Evaluate 30% 30% 30% 30% 30% 30% 30% 30% 30% -
Create
Total 100 % 100 % 100 % 100 % 100 %
# CLA – 4 can be from any combination of these: Assignments, Seminars, Tech Talks, Mini-Projects, Case-Studies, Self-Study, MOOCs, Certifications, Conf. Paper etc.,
Course Designers
Experts from Academic Internal Experts
Dr. V. Prakash, Dr. Ambedhkar Government Arts College, Chennai Ms. Madhumitha J, Ass. Prof., FSH, SRM IST
Dr. M. Vasantha, ICMR, Chennai