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QTBM Syllabus..

The document outlines the syllabus for the MBA (FM) course on Quantitative Techniques for Business Management at Berhampur University for the year 2024-25. It includes course objectives, outcomes, and a detailed breakdown of units covering statistics, probability theory, decision analysis, correlation and regression, and hypothesis testing. Key readings and pedagogical methods such as lectures and case studies are also specified.

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35 views1 page

QTBM Syllabus..

The document outlines the syllabus for the MBA (FM) course on Quantitative Techniques for Business Management at Berhampur University for the year 2024-25. It includes course objectives, outcomes, and a detailed breakdown of units covering statistics, probability theory, decision analysis, correlation and regression, and hypothesis testing. Key readings and pedagogical methods such as lectures and case studies are also specified.

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gjaswant237
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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P.G.

Department of Commerce, Berhampur University (Syllabus for the year 2024-25)

MBA (FM) 105 QUANTITATIVE TECHNIQUES FOR BUSINESS MANAGEMENT


Prerequisites: Basics knowledge of mathematics.

Course Objectives: To equip students with the important statistical techniques for managerial decision
making and to provide ground for learning advanced analytical tools used in research.

Course Outcomes: After completion of this course the students will be able to:
CO1: Know the concepts statistics and the use of central values of statistical data in business decisions.
CO2: Understand the theory of probability and comprehend associated the decision-making process.
CO3: Apply correlation and regression analysis in the real-life case situations.
CO4: Understand the process of hypothesis testing including one-sample and two-sample tests.
Pedagogy: Lectures, Case Study Analysis, and Assignments.
Unit-I:
Introduction: Statistics-Meaning, Importance of statistics in Business, types of Data, Measures of Central
Tendency: Mean, Median, Mode, Quartiles, Percentiles, Deciles, Measure of Dispersion: Mean Deviation,
Standard Deviation, Variance.

Unit-II:
Probability Theory: Probability– Classical, Relative and Subjective Probability, Addition and
Multiplication Probability Models- Conditional Probability and Bayes Theorem. Probability Distributions:
Normal, Binomial and Poisson Distribution, Their characteristics and Application.

Decision Analysis: Decision-Making Process. Payoff and Regret Tables. Decision Rules under Risk and
Uncertainty, Expected Value Approach and EVPI, Marginal Analysis, Decision-Tree Analysis.

Unit-III:
Correlation & Regression Analysis: Multiple Correlation, Simple & Multiple Regression, Least Square
Method, Assumptions of Regression and Its Evaluation, Practical Application of Correlation & Regression.

Unit-IV:
Theory of Estimation and Testing of Hypotheses: Significance Test of Large Sample and Small Sample
Test , T-Test, Z- Test And F- Test, Non Parametric Test:- Chi-Square Test, Sign Test, Rank Sum Test, One
Sample Runs Test, H or Kruskal Walls Test.
Readings:
1. Heinz, Kohler, Statistics for Business & Economics, Harper Collins
2. Levine, Szabat, Stephan, Viswanathan, Business Statistics: A First Course, Pearson, 7th edition.
3. R.P. Hooda, Statistics for Business & Economics, Macmillan.
4. S.C. Gupta, Fundamentals of Statistics, Himalaya Publishing House.
5. S.P. Gupta, Statistical Methods, Sultan Chand and Sons.
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