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Statistics for Managers
Statistics is a field study concerned with gathering, transforming and analyzing data for the purpose of making intelligent statements and drawing appropriate decisions. This course has been designed for Business students so that they can apply their knowledge of Statistics in many practical situations. The purpose of this course is to provide you with a strong background in statistical principles. Our emphasis will be on learning how to be an intelligent "consumer" of statistics, rather than on how to become a statistician.
Topiscs to be covered:
Understanding Statistics and method of describing data
Understand how statistics is used in business
Understand the different measurement scales
Organize numerical data
Develop tables and charts for numerical data
Develop tables and charts for categorical data
Understand the principles of proper graphical presentation
Describe the properties of central tendency, variation, and shape of data
Construct and interpret a box-
Calculate descriptive summary measures from a population
Application through SPSS
Introduction to Probability and Testing of Hypothesis
Understand basic probability concepts
Understand the basic principles of hypothesis testing
Use of hypothesis testing to test a mean
Use of hypothesis testing for comparing the difference between the means
Use of hypothesis testing for related samples
Use of one-
Determining and testing Relationships/Associations
Pearson’s Correlation
Simple Linear Regression
Multiple Linear Regression
Chi-
Assignment 1
Assignment 2
Assignment 3
Assignment 4
Case Studies: Database, Database , Database, Cards, Groups, Loan
Reference Books:
you can learn Statistics, 2nd Edition, by David M. Levine and David F. Stephan
Statistics for Managers, 4 th Edition by Levine, Stephan and Berenson.
Middleton, Decision Analysis Using Microsoft Excel, April 2007
Middleton, Data Analysis Using Microsoft Excel: Updated for Office XP
Introduction to Practice of Business Statistics, 6th Edition, by David Moore
Statistics for Business and Economics, 7th Edition, by McClave, Benson and Sincich