Master of Business Administration (2016-2018)

Semester-I

Quantitative Methods for Management

Course Code: MBA CC05
Faculty: C.R. Gopesh
COURSE OBJECTIVES:
1. To provide a basic understanding of the value and use of
quantitative methods inadministrative and operational problem
solving and decision-making.
2) To develop an understanding of a variety of statistical and
quantitativetechniques applicable to a wide range of business
situations.
3) To recognize particular techniques and their applications so as to
be able to applythese techniques in problem solving for
management decision making.
EVALUATION STRATEGY
The internal evaluation is based on the participants attendance,
class participation, assignments, seminars and internal
assessment and continuous evaluation tests.

SYLLABUS
Module I
Matrices Types Addition Subtraction Multiplication Inverse
Determinant and Solving systems of equations Matrix Method and
Determinant Method
Module II
Basic Probability concepts Addition and multiplication theorems of
Probability,
Marginal, Joint and Conditional Probability - Bayes theorem and its
business
applications.
Probability distributions Random Variable Expected value - Binomial,
Poisson, Normal Distributions Business Applications
Module III
Hypothesis Confidence level & Significance level types of errors
Parametric tests Tests solving one population mean and two
population means and proportions Z Test T Test.

Department of Business Administration

St. Alberts College(Autonomous), Ernakulam

Master of Business Administration (2016-2018)

Semester-I

Module IV
Correlation Types KarlPearsons correlation coefficient - Spearmans
Rank correlation coefficient - Coefficient of Determination.
Regression - Line of best fit-Least square method- Regression Lines Business applications.
Module V
Business Forecasting Time series analysis Components Seasonal
Trend Irregular Cyclic. Methods Straight-line - Semi average
Application of Time series in Business Forecasting
Index Numbers Concept Types Quantity Value Fishers Index
Number, Business Applications of Index Numbers
Text book
1.
References
1. Levin, Richard I, Rubin David S, Statistics for Management,
Prentice Hall India.
2. Sharma JK, Business Statistics, Pearson Publication
3. Naval Bajpai, Business Statistics Darling Kindersley (I) Pvt Ltd.
4. Sanchetti, D.C, Kapor, V.K, Business Mathematics: Sultan Chand
& Sons, NewDelhi.
5. Potti LR, Quantitative Methods
Faculty Details
Website :www.albertscollege.in/antony/
Email
:antony@alberts.ac.in
Mobile :09020301030
Assignments
Topics for the assignments will be either announced in the class during
course or put in the shared folder.

Department of Business Administration

St. Alberts College(Autonomous), Ernakulam

Master of Business Administration (2016-2018)

Semester-I

TEACHING SCHEDULE
Topics

Hour
s

Description

Module1: Matrix

Matrices

2
3
4
5

Transpose of Matrix
Equality of Matrix
Scalar Multiplication of Matrices
Addition and Subtraction of
Matrices
Multiplication of Matrices
Determinants
Inverse of Matrix
Solving Simultaneous Equations
Cramers Rule
Rank of a Matrix
Business Applications

1
1
1
1

6
7
8
9
10
11
12

Definition, Types Square,

Row & Column, Diagonal,
Scalar, Unit, Zero / Null,
Triangular, Sub-matrices,
Skew-Symmetric Matrix with
examples
Meaning, Problems
Meaning & Example
Problem
Problems

1
1
1
2
1
1
1

Problem
Problems
Problems
Problems
Problems
Problems

Module2: Probability
10
Probability
11
Addition Theorem of Prob.
12
Multiplication Theorem of Prob.
13
Conditional Prob.
14
Bayes Theorem
15
Probability Distribution

1
1
1
1
2
1

16

18
19
20

Mean / Expectation of a Random

Variable
Bi-variables / Joint Prob.
Distributions
Marginal Distribution
Conditional Distribution
Standard Distributions

Meaning, Problems
Theorem, Problem
Theorem, Problem
Theory, Problems
Theory, Problems
Random Variable Meaning &
Problem
Problem

21

Poisson Distribution

22

Normal Distribution

17

Department of Business Administration

2
1
1
1

Meaning, Examples,
Properties, Problems
Meaning, Problems
Meaning, Problems
Binomial Meaning &
Problem
Meaning, Problem,
Characteristics
Meaning, Properties, Std.
Normal Distribution

St. Alberts College(Autonomous), Ernakulam

Master of Business Administration (2016-2018)

23
24

Module 3: Hypothesis
Statistical Hypothesis
Statistical Test

Semester-I

1
1

Meaning, Examples
Meaning, Null Hypothesis
Meaning, Examples
Testing the hypothesis
concerning mean of a
population Meaning,
Problem, Intro to parametric
tests
Meaning, Problems

25

Large Sample Test,

26

Testing the equality of means of 2

populations
Small Sample Test

Testing of the inequalities of mean

of 2 populations
Testing the hypothesis that a
proportion as a specified value
Testing the equality of proportion
in 2 populations
Testing the equality of mean
based on paired observation
small sample size

Testing the equality of mean

of a population - problems
Problems

Problems

Problems

Problems

Module 4: Correlation & Regression

32
Correlation

33

Methods of measuring correlation

34

Coefficient of Correlation

35
36
37
38
39
40

Spearmans Rank Correlation

Coefficient of Determination
Regression Analysis
Line of best fit
Least square method
Regression Lines, Business
applications

2
1
1
1
2
2

Meaning, Types - +ve /-ve,

linear/nonlinear, simple /
multiple, partial, perfect /
imperfect with examples
Scattered diagram,
Correlation graph meaning,
examples
Karl Pearson Method
Meaning, Problems
Meaning, Problems
Meaning, Problems
Meaning, Examples
Meaning, Examples
Meaning, Problems
Meaning, Examples

27
28
29
30
31

Module 5: Business Forecasting & Index Numbers

Business Forecasting
2
Meaning, Applications; Time
series analysis Components
Seasonal Trend Irregular
Cyclic
42
Time Series Analysis - Methods
2
Straight-line , Semi average Problems
41

Department of Business Administration

St. Alberts College(Autonomous), Ernakulam

Master of Business Administration (2016-2018)

Semester-I

43

Index Numbers

Concept Types: Quantity,

Price, Value

44
45

Fishers Index Number,

Business Applications of Index
Numbers

1
1

Meaning, Problems
Consumer Price Index
Meaning, Problems

60

Department of Business Administration

St. Alberts College(Autonomous), Ernakulam