STATISTICS FOR BUSINESS RESEARCH (MNG 802)

Name of the Department/Schools/Centre/ID groups: Shailesh J Mehta School of Management,

IIT Bombay
Description of the Course: This is to provide fundamental concepts on Statistics needed for
business research. The course objective is to equip students on fundamental and important
concepts and techniques of Business Statistics. The lab component in the course will prepare
students to develop skills in organizing and analyzing data using standard statistical software
packages.

Course No.: MGT 802

Course Level:
i Title of the course Statistics for Business Research

ii Credit structure 4L 0T 4P 6Credits (Half term course)

iii Pre-requisite, if any None
(for the students)

iv Course content Introduction and Descriptive Statistics

Probability
Random Variables and Probability Distributions
Sampling Distributions
Point and Interval Estimation
Testing of Hypotheses
Goodness of fit Tests and Categorical data analysis
Correlation and Simple linear Regression
Multiple Regression and Logistic Regression
Analysis of Variance

v Texts/References 1) Managerial Statistics, Keller, 2012, Cengage Learning.

2) Montgomery, D.C and Runger, G.C, Applied Statistics and

Probability for Engineers, 5th Edition, Wiley Publication, 2010.
3) Walpole, R.E, Myers, S.L and Ye, K, Probability and Statistics for
Engineers and Scientists, Eighth Edition, Pearson, 2007
4) Montgomery,D.C, Peck,E.A, Vining, G Introduction to Linear
Regression Analysis, 4’th Edition, Wiley Publication, 2007.
5) Johnson, R. A and Wichern, D.W Business Statistics: Decision
Making with Data, John Wiley and Sons, Inc. 1996.
6) Fundamental of Statistics (Vol-1), Gun Gupta Dasgupta, World
Press. 8th edition.
vi Instructor(s) name Prof. Indrajit Mukherjee
 vii Name of other Mechanical Engineering, Industrial Engineering & Operations
departments to Research, Metallurgical Engineering & Material Science.
whom the course is
relevant

viii Justification Most Masters and PhD students in management and allied disciplines,
such as operations management, quality management, marketing,
and business analytics require knowledge on basic Statistics to carry
out their course work and research. This course will help such
students. Concepts and techniques will be covered in the lecture
sessions. The lab session in the course will demonstrate the use and
application of standard statistical software packages.

ASSESSMENT METHOD

Mid Term Evaluation: 35 % (Open Book Exam)

Assignment 10 % (To be presented and submitted)
Class Participation: 5 % (Based on Attendance)
# "Attendance >= 90% will get full 5 marks (out of 5) for class participation, Attendance >=
80% will get 3 marks (out of 5) for class participation, Attendance >= 70% will get 1 marks for
class participation. A student will not get any marks for class participation if attendance is
less than 70 %.". Each session will consist of 2 class (1.5 Hrs +1.5 Hrs)

End Semester Examination 50 % (Open book Exam)

Total: 100 %