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

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