Business Statistics: Basic Information
Business Statistics: Basic Information
Business Statistics: Basic Information
QM-230
Basic Information
Program BBA(H),BBIS,BSEF
Semester Fall 2014
Credit Hours 3
Pre requisites (if any) Business Mathematics, QM-110
Resource Person
Contact information
Course Description:
Important decisions are rarely made by intuition alone. We need to use the data to develop our insights
and to support our analysis. Quantitative analysis includes the tools and techniques with which we seek to
replicate reality mathematically and statistically. Statistical Techniques are applied in all the functions of
business like Operations, Marketing, HR, Finance etc.
The aim of this course is to learn when a technique is appropriate and what it can achieve. The emphasis
throughout the course is on concepts and reasoning rather than technical details. You should acquire
some basic data analysis skills but most importantly, become a more informed and critical producer and
user of business Statistical analyses.
Learning Objectives:
Ser Course Learning Objectives Link with Program Learning Objectives
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1 To understand the basic concepts and To inculcate business knowledge and analytical skills
principles used in Business Statistics. in graduates to think decisively in order to develop
innovative solutions to problems in a business
environment.
2 Organizing qualitative and To provide a progressive and structured framework to
quantitative data into a frequency graduates that enables them in developing and
table, displaying the data through applying knowledge set of critical and ethical
charts and graphs, describing and evaluation.
exploring data through different
numerical measures.
3 To know and understand probability To craft graduates’ expertise in order to increase their
and its different rules. resourcefulness.
4 To clearly identify and understand To develop critical thinking skills for the purpose of
statistical concepts like probability evaluating information, solving problems, and making
and sampling distribution helpful for sound decisions.
understanding more advanced
concepts like estimation and
hypothesis testing.
Classroom Behavior:
Positive and constructive class participation will be monitored for each class. Particular emphasis will be
given during the presentation sessions. The manner in which the question is asked or answered will also
be noted. Your behaviour, as business executive will contribute to the class participation marks.
Participant Responsibilities:
The learning process is based on independent work with texts, textbook, and cases supported by lectures
and assignments/cases - see schedule. Participants are supposed to have read the text chapters under
discussion in advance. Questions answered to these text chapters, will contribute to the class participation
marks.
________________________________________________________________________School of Business
& Economics QM-120 University of Management and Technology
Use of mobile phones and similar devices is prohibited during the class
Your phone should not be heard or visible during the class
All mobile phones should be turned-off (or at least in the “silent” mode) and secured in pockets or
bags during the class time, and may not be used for ANY purpose, including
calculations, time-keeping, etc. In case you are anticipating an emergency call, you need to
discuss this matter with the resource person BEFORE the start of the class
Required Material
Participants are required to bring the following in every class they come to attend:
1. Textbook
2. Calculator
3. Ring file (for notes)
4. Lead pencil (and accessories) (optional)
NOTE: Failure to bring any of the first three things or being absent or late in a class, may result in a loss
of marks in your class participation, and may adversely affect your final grade.
Assessment Mode and Weightage
1. Quizzes 20%
2. Assignments 15%
3. Project/Presentation 10%
4. Class Participation 5%
5. Mid Term 20%
6. End Term 30%
Calendar of Activities
Readings Expected Learning objective
Sess Topics to be Covered & Page Quizzes
________________________________________________________________________School of Business
& Economics QM-120 University of Management and Technology
Assignments
. Numbers
and Problems
________________________________________________________________________School of Business
& Economics QM-120 University of Management and Technology