MBA-1 (2011-2013)

Trimester I
Credit 1 Faculty Dr. Samir Ranjan Sessions 20

JGBS
Quantitative Techniques
Classroom-Based

Course Title: Course Number: Course Duration: No. of Credit Units: Level: Hours of Teaching: Medium of Instruction: Pre-requisites:

Quantitative Techniques QT One Trimester 1 Year Two (MBA) 30 English Conversant with the following concepts: i. Algebra and Coordinate Geometry: System of equations, solution of simultaneous equations, slope and intercept of a straight line. ii. Differential Calculus: Basic knowledge of differentiation, maxima and minima, geometrical interpretation of derivative. iii. Integral Calculus: Basic idea of integration and definite integral, geometrical interpretation of integral as area under the curve.

MBA-1 (2011-2013)

Trimester I
Credit 1 Faculty Dr. Samir Ranjan Sessions 20

JGBS
Quantitative Techniques
Classroom-Based

COURSE OVERVIEW This course aims to equip students with tools and techniques to handle problems of quantitative nature typically encountered in Business. Specifically, after this course students would be well equipped to appreciate and solve problems of business in other courses where quantitative techniques are used. PEDAGOGY The course basically has two parts. The first part will focus on Probability Theory. The objective is to impart all the knowledge necessary for learning the applied mathematics that would be taken up in the second part. The second part would focus on statistical techniques that would be applicable in a wide variety of business contexts such as Econometrics, Finance etc. STUDENT LEARNING OUTCOME By the end of the subject, students should be able to: i. Understand probability theory well enough to be able to use in the business world. ii. Use the basic statistical tools to learn new methods specific to different areas of Business.

MBA-1 (2011-2013)

Trimester I
Credit 1 Faculty Dr. Samir Ranjan Sessions 20

JGBS
Quantitative Techniques
Classroom-Based

SESSION PLAN
Session 1,2 Introduction to Probability Theory Topics Pre-Session Reading Chapter 3,4: Business Statistics (Ken Black, 2009) Pedagogy Lectures supplemented with class discussion and example problems.

i. Definition of
Probability, interpretation of probability.

ii. Addition Laws iii. Multiplication laws

3 Probability and Discrete Distributions Conditional Probability, Bayes Rule Chapter 4: Business Statistics (Ken Black, 2009) Chapter 5: Business Statistics (Ken Black, 2009) Chapter 5: Business Statistics (Ken Black, 2009) Chapter 6: Business Statistics (Ken Black, 2009) Lectures supplemented with class discussion and example problems. Lectures supplemented with class discussion, and example problems. Lectures supplemented with class discussion, and example problems. Lectures supplemented with class discussion, and example problems. Lectures supplemented with class discussion and example problems.

Discrete probability distributions, Uniform distribution Binomial distribution, Poisson distribution.

5, 6

7,8

Continuous distributions

Uniform distribution, Normal distribution.

9,10

Continuous distributions

Normal distribution, Exponential distribution

Chapter 6: Business Statistics (Ken Black, 2009)

11,12

Statistical inference

Chapter 8: Business Statistics (Ken Black, 2009)

13

Statistical inference

t-distribution and applications

Chapter 8: Business Statistics (Ken Black, 2009)

MBA-1 (2011-2013)

Trimester I
Credit 1 Faculty Dr. Samir Ranjan Sessions 20

JGBS
Quantitative Techniques
Classroom-Based

Session 15,16 Testing Hypothesis

Topics Problems of testing hypothesis, Testing simple hypotheses, The t-test. Comparing means of two normal distributions, F-distribution.

Pre-Session Reading Chapter 9: Business Statistics (Ken Black, 2009)

Pedagogy Lectures supplemented with class discussion, and example problems. Lectures supplemented with class discussion, and example problems.

17-20 Testing Hypothesis

Chapter 9: Business Statistics (Ken Black, 2009)

Evaluation: Homework 20% Quiz -- 20% Mid-term 30% Final 40%

Recommended Texts:
Black, Ken. 2009. Business Statistics, Wiley