AMERICAN INTERNATIONAL UNIVERSITY- BANGLADESH

Dhaka, Bangladesh
Faculty of Business Administration
Department of Operations Management
BBA Program
COURSE OUTLINE
I
Course No.
: MAT 2103
Title: Business Statistics
II
Nature
: Core
III
Academic Term
: Fall 2016-2017
IV
Credit
: 3
V
Course Description: The course is designed to give an introduction to the concepts and techniques of
statistics used extensively in business and economics. The statistical techniques covered in this course
are used in functional areas including marketing, production, economics, human resource, finance,
accounting, information systems and international business. Topics include frequency distribution,
charts and graphs, measures of central tendency, measures of dispersion, probability & probability
distribution, sampling and sampling distribution, theory of estimation and test of hypothesis. The course
will focus on real data applications, quantitative literacy, statistical thinking and the use of statistical
software.
VI
Objectives: On successful completion of this course, students should be able to:
Present a broad overview of the subject and its applications.
Handle numerical information in a business context.
Demonstrate how summary statistics used to aid data analysis & interpretation.
Introduce the probability theory and probability distribution most commonly used in business decision
making process.
Introduce the sampling and sampling distribution most commonly used in business research.
Estimate certain characteristics of a population from samples.
Define and develop a confidence interval.
Learn how business decisions depend on knowing the specific relationship between two variables.
Improve the ability to communicate the results of statistical analysis.
VII

Topics to be covered

Topics

Introduction

Specific Objective(s)

Understand the vision and mission of

AIUB.
Understand why we study statistics.
Explain what is meant by descriptive and
inferential statistics.
Understand qualitative, quantitative,
discrete and continuous variables.
Understand data and information.
Presentation of data Organize data into a frequency
(Quiz1: 3rd Week)
distribution.
Portray a frequency in a histogram,
frequency polygon and cumulative
frequency curve.
Measures of central Understand the characteristics of mean,
tendency and
median, mode, range, sd, and cv
measures of
Calculate and interpret the mean, median,
dispersion.
mode, range, variance, sd, and cv.
Probability (Quiz 2:
Define probability.
5th Week)

Describe the classical, empirical

(MT Assignment
and subjective approaches to probability.
submission: 5th

Understand the terms experiment,

Week)
event, outcomes, mutually exclusive and

Time
Suggested
Frame
Activities
(Semester
Week)
1
Open
discussions on
the topics, popup/routine
quizzes,
individual and
group
assignments
and
2
consultations.

Teaching
Strategies
Whiteboard
presentation,
Power
Point
slides
for
multimedia
projector
and
uploading
of
lecture notes in
the
AIUB
website.

3&4

Page 1 of 3

exhaustive. Dependent and independent

events.

Calculate probabilities using

addition and multiplication rules.

Understand and calculate the

conditional, marginal and joint
probabilities.
Probability
Define the term random variable and
6
Distribution:
probability distribution.
Expected Value,
Distinguish between discrete and
Binomial, Poisson &
continuous probability distributions.
Normal Distributions
Calculate, mean, variance and
standard deviation of a discrete probability
distribution.

Describe the characteristics and

compute probabilities using binomial and
Poisson probability distributions.

Define and calculate z values.

Determine the probabilities in

different conditions of using the standard
normal distribution.
MIDTERM EXAM
7
Central Exam
Sampling and
Explain why a sample is often the only
8
Open
Whiteboard
Sampling
discussions on presentation,
feasible way to learn something about a
Distribution.
the topics, pop- Power
Point
population.
up/routine
slides
for
Describe methods to select a sample
quizzes,
multimedia
(SRS, Systematic sampling).
individual and projector
and
Determine the sample size for estimating
group
uploading
of
population mean.
assignments
lecture notes in
Theory of Estimation
Define a point estimate and level
9
and
the
AIUB
(Quiz 3: 9th Week)
of confidence.
consultations.
website.

Construct a confidence interval for

the population mean.
Test of Hypothesis
Understand the terms test of hypothesis,
10 & 11
(Quiz 4: 11th Week)
level of significance, type I error and type II
error etc.

Understand the steps of

hypothesis testing procedure.

Conduct a test of hypothesis about a

population mean for large and small
samples.
Understand contigency table analysis
Simple Correlation Draw a scatter diagram.
12 & 13
and Regression Calculate and interpret the coefficient of
(FT
correlation and the coefficient of
Assignment
determination.
Submission:
Calculate the least squares regression
12th Week)
line.
Calculate and interpret the standard error
of estimate.
Conduct a test of hypothesis about
regression model.
FINAL TERM EXAM
14
Central Exam
VIII
Course Requirements
These are the things need to be accomplished properly by the students during the term such as:
1. Attending at least 80% of the classes
2. Attending quizzes and term exams
3. Submission of the assignments in due time, etc.
Page 2 of 3

IX
1.
2.
3.
4.
X

Evaluation
Term Exam
Attendances and Class Performance
Quizzes
Assignments/Tutorial
Total

50%
10%
20%
25%
100%

Textbook / Reference Materials:

Alan B., and Duncan C., 2005, Quantitative Data Analysis with Minitab, A Guide for Social Scientists,
Routledge, London
Bowerman B.L., & OConnell,R.T., 2006, Business Statistics in Practice. McGraw Hill,
USA
Gupta SP., 2002, Advanced practical Statistics, S Chand and Company Ltd., India
Levin, R.I. & Rubin, D.S., 2006, Statistics for Management, Prentice-Hall of India
Lind A. et al., 2016, Statistical Techniques in Business and Economics, McGraw-Hill.
McKenzie J.D. & Goldman R., 2005, The Students Guide toMinitab, Addison-Wesley,
New York, USA
Islam,N.M., 2009, An Introduction to Statistics and Probability, Mallick and Brothers, Dhaka,
Bangladesh
Keshob C.B., 2004, Methods of Statistics, Bangla Academy, Dhaka, Bangladesh
SPSS Statistics Base 17.0, Users Guide, 2007, SPSS Inc., Chicago.
Webster, A.L., 2004, Applied Statistics for Business and Economics, Irwin, USA.

Prepared by:
MM Obaidul Islam
Assistant Professor
Dept of OM
FBA

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