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# Course Plan Quantitative Methods

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it may help lecturer for making course plan for the above subjects

it may help lecturer for making course plan for the above subjects

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• 1. Year :2009-2010 Gyan Ganga Institute of Technology & COURSE PLAN Management Sem: Odd Khajuri Khurd, Raisen Road, Bhopal Quantitative Methods Name of Faculty : Lokesh Payasi Programme : MBA (Batch 09-11) Third Semester ______________________________________________________________________________
• 2. Course Description and Overall Goal We know that a sound knowledge of statistical techniques is necessary for the study of modern business and economics; this course will provide a basic introduction to statistical methods for policy analysts. The course will provide an introductory foundation in statistical inference, enabling the student to become a competent producer of basic statistical research. In addition the skills acquired will enable the student to become a somewhat more sophisticated consumer of more advanced research methodologies. The emphasis is on practical applications and real-world problem solving. Areas covered include: descriptive statistics, probability, inferential statistics, regression and correlation, and the use of a statistical software package. Learning Objectives The objective of the course is to make the students familiar with some basic statistical and linear programming techniques. The main focus, however, is in their applications in business decision-making. On successful completion of this course students will be able to: • To understand the benefits of Quantitative Methods. • to understand what the data is telling us • To take decision based on central tendencies . • To understand the distribution of data with pictures and equations.
• 3. • . • To understand the Probability Experiments and able to take decision logically and rationally with the help of probability. • To use statistical software, such as Microsoft® Excel, to solve business and economic problems • Know various statistical topics, such as frequency distribution, elementary probability theory including discrete and continuous probability distributions, estimation, hypothesis testing, and regression analysis. • To understand the concept of using a sample statistic to estimate a population parameter. Criteria for choosing a good method. • This course provides students with the insight into the services, pricing, techniques, goals and objectives, management styles, internal problems and risks of financial institutions, and the markets in which they operate. The course accomplishes this insight by (i) profiling the financial, operating, and organizational characteristics of each type of financial institution, and (ii) examining the services offered by these firms to the public.
• 4. Learning Methodology The class will consist of a combination of case discussions, class discussions, student’s presentations and lectures. Student’s preparation of assigned material and involvement in class discussion is essential for the success of the course and class participation will count towards the final grade. Generally a student centered learning methodology will be used. The specific activities will involve: • Class discussion on the theoretical aspects of the subject and related the concept in real life situations • Solving numerical questions • Daily quiz on the topic covered in the last session. Method of Evaluation Item of Evaluation Group / Individual Evaluation Marks Class Participation/ case study Individual 5 Assignments (1) Individual 5 Surprise Tests / quiz Individual 10 Attendance 1 negative marks for each session missed
• 5. Text Books 1. Fundamentals of Statistics by S.C.Gupta 6th Revised & Enlarged Edition, Himalaya Publications house referred as SCG 2. Business Statistics by R.S.Bhardwaj 2nd Edition, Excel Books referred as RSB 3. Quantitative Techniques by C.R.Kothari, 3rd Revised Edition, Vikas Publication referred as CRK 4. Statistical Tools for Managers Using MS Excel by D. P. Apte, Excel Books referred as DPA Class Participation Students are expected to attend all classes regularly. A student’s absence does not relieve him or her of meeting all course requirements. We are engaged in a learning community, one where we strive for an open exchange of ideas. Each of us has responsibility in the exchange. Individual contributions will be assessed by the instructor and appropriate score will be taken towards internal assessment. Student’s Preparation Students are required to prepare well before attending the classes. You should read the cases mentioned in the course outline and / or cases announced before the session. You should read at least one of the text books mentioned in the prior readings section of the course outline.
• 6. Total Time Duration The course is scheduled for 38 sessions of 50 minutes each.
• 7. COURSE OUTLINE Session 1 Topic: Introduction Implemented Objective Is to understand the statistical analysis and Business statistics and also its uses in industry Prior Reading RSB Ch.1 Pg. 1-22 Learning Methodology Discussion, quiz and classroom teaching and game presentation Additional Practice SCG Pg.1.1-1.15, CRK Ch.1, DPA Pg.1-6 Session 2,3 Topic: Frequency distribution and graphic representation of Implemented frequency distribution Objective TO understand the type of frequency distribution and how to represent data in diagram form, like PIE chart, HISTOGRAM and other Prior Reading RSB Ch.5,7 Pg.49-60 & 71-84,89-97 Learning Methodology Additional Practice SCG Pg.3.6-3.42 and 4.1-4.65 CRK Ch.2 DPA Pg.13-19 Session 4,5 Topic: Measures of Central Tendency – Mean Implemented
• 8. Objective To make them understand the concept and types of Mean. Long cut method, Short Cut Method. Prior Reading RSB Ch.9 Pg. 110-129 Learning Methodology Discussion, quiz and classroom teaching and Problem Solving on different types of Mean Additional Practice SCG Pg.5.1-5.19 CRK Ch.2, DPA Pg.61-63 Session 6 Topic: Median Implemented Objective To make them understand the concept and types of Median. Long cut method, Short Cut Method and its uses in real situation Prior Reading RSB Ch.9 Pg. 130-147 Learning Methodology Discussion, quiz and classroom teaching and Problem Solving on different types Additional Practice SCG Pg.5.19-5.34 DPA Pg.73-79 Session 7 Topic: Mode Implemented Objective To Develop the understanding of Mode. And its method for solving the different problem Prior Reading RSB Ch.9 Pg. 148-158 Learning Methodology Discussion, quiz and classroom teaching and Problem Solving on different types Additional Practice SCG Pg.5.44-5.47 DPA Pg.80-83
• 9. Session 8 Topic: Measures of Central techniques Implemented Objective To understand the concept of Central Techniques its Merits and Demerits Prior Reading RSB Ch.9 Pg. 158-171 Learning Methodology Discussion, quiz and classroom teaching Additional Practice SCG Pg.5.47-5.77 DPA Pg.83 Session 9 Topic: Domestic of Mean, Median Mode and their managerial Implemented application. Objective To study the measuring and managing various risks and exposure Prior Reading RSB Ch.9 Pg. 171-179 5 Learning Methodology Discussion and Assignment Given for the technique in M.S. Excel Additional Practice SCG Pg.5.60-5.77 DPA Pg.83-91 Session 10 Topic: Presentation Implemented Objective 6 Group will give presentation on the uses of statistical technique in India. Prior Reading Learning Methodology Additional Practice Session 11 Topic: Measures of dispersion range Implemented
• 10. Objective To understand the uses of dispersion and the variation of the items or series, to compare two or more sets of data regarding their variability. Prior Reading RSB Ch.10 Pg.193-196 Learning Methodology Discussion, quiz and classroom teaching Additional Practice SCG Pg 6.1-6.4 DPA Pg.94 Session 12,13 Topic: Quartile Deviation, Standard Deviation, Mean Deviation. Implemented Objective To understand the uses of Q.D. S.D. M.D. and its uses Prior Reading RSB Ch. 10Pg.200-226 Learning Methodology Discussion, quiz and classroom teaching and Problem Solving on Q.D. S.D. M.D Additional Practice SCG Pg.6.5-6.35 DPA Pg.94-101 Session 14 Topic: coefficient of variation Implemented Objective To understand the relative measure of dispersion in the form of percentage variation. Prior Reading RSB Ch.11 Pg.241 Learning Methodology Quiz and classroom problem solving Additional Practice SCG Pg.6.49 Session 15,16 Topic: skew ness, kurtosis Implemented
• 11. Objective To study the shape (symmetry and asymmetry) of the data and also flatness or peakedness of the curve. Prior Reading RSB Ch.11 Pg.248,256 Learning Methodology Oral Quiz and classroom problem solving Additional Practice SCG Pg.7.1-7.15 and 7.37 DPA Pg.102-103 Session 17 Topic: Test Implemented Objective Class will be given a couple of question and they have to solve in 30 min. Prior Reading Whole unit 1 and unit 2 Learning Methodology Additional Practice Session 18,19 Topic: Mathematical probability, Trail and event, sample space Implemented Objective To understand the concept of probability and its theory and also some related topic like Permutation and combination, sets and others. Prior Reading RSB Ch.17 Pg.461-471 Learning Methodology Oral Quiz and classroom problem solving Additional Practice SCG Pg.12.1-12.9, CRK Ch.3, DPA Pg.121-124 Session 20 Topic: Additional and multiplication theorem in Probability Implemented
• 12. Objective To understand different probability theorems and its uses and also some problem solving technique. Prior Reading RSB Ch.17 Pg.472-502 Learning Methodology Oral Quiz and classroom problem solving Additional Practice SCG Pg.12.19-12.27, CRK Ch.3, DPA Pg.124-129 Session 21,22 Topic: Simple problem based on sample space, and Addition and Implemented Multiplication theorem Objective To understand the concept of real world problem related to statistics. Prior Reading RSB Ch.17 Pg.474-501 Learning Methodology Oral Quiz and classroom problem solving Additional Practice SCG Pg.12.41, DPA Pg.129-149 Session 23 Topic: Distribution: Binomial and their application in business Implemented decision making Objective To understand the probability distribution and also Binomial distribution and its uses and technique to solve problems. Prior Reading RSB Ch.18 Pg.555 Learning Methodology Oral Quiz and classroom problem solving Additional Practice SCG Pg.14.1-14.14, CRK Ch.4, DPA Pg.165-169 Session 24 Topic: Distribution: Poisson and their application in business Implemented
• 13. decision making Objective To understand the probability distribution in the context of Poisson distribution and its uses and technique to solve problems. Prior Reading RSB Ch.19 Pg.567 Learning Methodology Oral Quiz and classroom problem solving Additional Practice SCG Pg.14.20-14.29, CRK Ch.4, DPA Pg.170-175 Session 25 Topic: Distribution : Normal and their application in business Implemented decision making Objective To understand the probability distribution in the context of Normal distribution and its uses and technique to solve problems. Prior Reading RSB Ch.19 Pg.578 Learning Methodology Classroom teaching and numerical solving Additional Practice SCG Pg.14.36-14.58, CRK Ch.4, DPA Pg.175-184 Session 26 Topic: Presentation Implemented Objective Class will be given a Real problem of a company for distribution on session 25th and they have to give PPT presentation in session 26th Prior Reading Learning Methodology Additional Practice
• 14. Session 27,28 Topic: introduction Correlation and regression analysis Implemented Objective To understand the meaning, advantages, limitations and uses of Correlation and Regression. Prior Reading RSB Ch.12, 13 Pg. Learning Methodology Class room teaching and solving numerical Problems Additional Practice SCG Pg..8.1-8.5, CRK Ch.8, DPA Pg.471-475 & 529-531 Session 29 Topic: Karl Pearson’s coefficient of correlation Implemented Objective To understand the concept of correlation and covariation between two or more variables. To understand how to establish mathematical relationship. Prior Reading RSB Ch.12 Pg.268 CRK Ch.8 Learning Methodology Class room teaching and solving numerical Problems Additional Practice SCG Pg. 8.6-8.22 Session 30 Topic: Rank Correlation, spears man’s rank correlation Implemented Objective To understand the concept of correlation and covariation between two or more variables by the help of Spearman’s Rank Correlation. To understand how to establish mathematical relationship when actual Ranks are given. Prior Reading RSB Ch.12 Pg. 282 Learning Methodology Oral quiz and classroom problem solving Additional Practice SCG Pg.8.38-8.45 CRK Ch.8,9
• 15. Session 31 Topic: Repeated Ranks, Implemented Objective To understand the concept of correlation and covariation between two or more variables by the help of Spearman’s Rank Correlation when rank are repeating. Prior Reading RSB Ch.12 Pg.286 Learning Methodology Oral quiz and classroom problem solving Additional Practice SCG Pg.8.46 CRK Ch.8,9 Session 32 Topic: regression equation Implemented Objective To understand how regression equation works for linear relationship of data. Prior Reading RSB Ch.13 Pg.297 Learning Methodology Oral quiz and classroom problem solving Additional Practice SCG Pg.9.1-9.7 CRK Ch.8 DPA Pg.530-554 Session 33 Topic: Regression coefficient Implemented Objective To understand the concept Regression coefficient and its uses for the practical purpose. Prior Reading RSB Ch.13 Pg.314 Learning Methodology Oral quiz and classroom problem solving, Additional Practice SCG Pg.9.8-9.40 CRK Ch.8,9
• 16. Session 30,31 Topic: Time Series analysis and forecasting Implemented Objective To understand the concepts, Meaning of Time series and forecasting, how these two help for taking the managerial decision. Prior Reading RSB Ch.15 Pg.387-424 Learning Methodology Classroom discussion and Class will be divided in 8 groups and a problem will be given to them they have to solve a problem and give a decision about the question. Additional Practice SCG Pg.11.1-11.51 DPA Pg.495 Session 26 Topic: Presentation Implemented Objective Class will be given a Real problem of a company for distribution on session 25th and they have to give PPT presentation in session 26th Prior Reading Learning Methodology Additional Practice Session 32 Topic: Introduction of Sampling Implemented
• 17. Objective To understand the Concepts of Sampling, And also about Purposive sampling, Random Sampling, simple sampling, Stratified sampling Prior Reading RSB Ch.20 Pg.601-607 Learning Methodology Oral quiz and classroom problem solving Additional Practice CRK Ch.5 DPA Pg.213-224, SCG Pg.15.1-15.29 Session 33 Topic: Sample Tests Implemented Objective To understand how sample test can be done and how we select different sampling style. Prior Reading RSB Ch.21 Pg.619-625. Learning Methodology Additional Practice SCG Pg17.1-17.23, CRK Ch.5 7th objective will be covered after completing this session. Session 34 Topic: Hypotheses- Null – hypothesis & Alternative hypothesis Implemented
• 18. Objective To understand the concept of Null – hypothesis & Alternative hypothesis and also types of error in sampling. Prior Reading RSB Ch.21 Pg.631-650 Learning Methodology Oral quiz and classroom problem solving Additional Practice SCG Pg 16.26-16.34 CRK Ch.5 DPA Pg.315-346 Session 35,36 Topic: Chi-square test of goodness of fit Implemented Objective To understand the Chi- Square and its problems Prior Reading RSB Ch.20, 21 Pg. 608-611 and 662 Learning Methodology Oral quiz and classroom problem solving Additional Practice SCG Pg18.1-18.27, CRK Ch.6, DPA Pg.450 Session 37 Topic: t – test for difference of Means Implemented Objective To understand the t – test and its uses for difference of Means Prior Reading RSB Ch.20 Pg.611 Learning Methodology Oral quiz and classroom problem solving Additional Practice SCG Pg19.1-19.26, CRK Ch.5, DPA Pg.416
• 19. Session 38 Topic: Presentations Implemented Objective Presentation for the 5th unit. Each group will have 8 students each.3 group will give presentation on Factoring and Bill, other 3 will on Banking and Insurance and other 2 will be on Bill Discounting (topic will be decided by the lottery) Prior Reading Learning Methodology Additional Practice 8th and 9th Objective will be achieved after this session and all objective will be covered after the lecture. Session 39 Doubt Clearing Session Implemented Objective For the Unit 1,2 Prior Reading Learning Methodology Additional Practice Session 40 Doubt Clearing Session Implemented
• 20. Objective For the Unit 3,4 Prior Reading Learning Methodology Additional Practice Session 41 Doubt Clearing Session Implemented Objective For the Unit 5 Prior Reading Learning Methodology Additional Practice Surprise Tests Two sessions have been earmarked for surprise tests, the scores of which will go towards the overall internal marking. Students are advised to prepare on a day-to-day basis, as no notice will be given for these tests. Strategy Analysis In the semester, four-group presentations will be happened.
• 21. Assignments The assignment submission dates will be 14th, 19th, 22nd, 24th, and 26th Nov 09 Students would come to know about the two assignments in advance. Delayed submissions will not be accepted and students failing to submit assignment in time will not qualify to get allocated marks in the internals assessment. WISH YOU ALL THE BEST