Business Statistics Introduction123.pptx

Business Statistics introduction

1. SBP2MB124: Business Statistics (2 credits) Sreekutty Mohandas

2. Course Content Unit 1: Introduction to Statistics Application of data analysis in business decision making; understanding data; scales of measurement; data collection methods; errors in data collection and analysis Unit 2: Organising and Presenting Data Tabulation and graphical representation of data; cross tabulations and scatter plots;using MSExcel Unit 3: Descriptive Statistics Measures of central tendency, dispersion and shape; outlier analysis; box-and-whisker plot; measures of association between two variables; descriptive statistics functions in excel; working with data analysis tool pack Unit 4: Probability and Probability Distributions Introduction to probability; discrete and continuous probability distributions; using probability distribution functions in excel Unit 5: Sampling and Sampling Distributions Sampling design process; sampling techniques; estimation concepts and properties; sampling distributions; point and interval estimation Unit 6: Hypothesis testing Hypothesis testing procedure and applications; single sample test of significance for small and large samples Unit 7: Simple linear regression Simple regression model; correlation and coefficient of determination; regression error and model assumption; testing for significance; applications based on regression; regression using data analysis tool pack