course
QUAN107
Business Statistics
Provide students with the concepts and special skills for simple and compound interest to improve financial decision-making in business firm.
Text Book: Statistical Techniques in Business and Economics , By Douglas A. Lind, William G. Marchal, and Samuel A. Wathen.
http://highered.mheducation.com/sites/0073401765/student_view0/index.html
Course Outlines
Chapter |
Title |
Topics |
No. Week |
1 |
Basic Concepts of Statistics |
Introduction - What is Meant by Statistics? - Types of Statistics - Population versus Sample - Types of Variables - Levels of Measurement. |
1 |
2 |
Describing Data: Frequency Distributions and Graphic Presentation. |
Introduction - Constructing a Frequency Table – Bar Chart – Pie Chart. Constructing a Frequency distribution - Relative Frequency Distribution - Histograms - Frequency polygons - Cumulative frequency distributions. |
2 |
3 |
Describing Data: Numerical Measures |
Introduction - Population Mean - Sample Mean – Properties of the Arithmetic Mean –The Median - Properties of the Median - The Mode - The Relative Positions of the Mean, Median and Mode –Why Study Dispersion - Measures of Dispersion - Range -Mean Deviation - Variance and Standard Deviation - The Arithmetic Mean of Grouped Data - Variance and Standard Deviation for Grouped Data. |
2 |
4 |
Describing Data: Displaying and Exploring Data |
Introduction – Dot Plots - Stem and Leaf – Quartiles, Deciles and Percentiles - Box plots. |
1 |
5 |
A Survey of Probability Concepts |
Introduction – What is a Probability – Approaches to Assigning Probabilities - Classical Probability - Mutually Exclusive Events - Collectively Exhaustive Events - Rules for Computing Probabilities –Rules of addition – Rules of Multiplication - Conditional Probability - Contingency Tables. |
1 |
|
Probability Distributions |
Probability Distribution - Characteristics of a Probability Distribution - Random Variables - The Mean of a Probability Distribution - The Variance, and Standard Deviation of a Probability Distribution. |
1 |
Discrete Probability Distributions |
Binomial Probability Distribution - Poisson Probability Distribution. |
1 |
|
7 |
Continuous Probability Distributions |
Characteristics of a Normal Probability Distribution - The Normal Probability Distribution. |
1 |
|
Sampling Methods |
Need for sampling – Methods of sampling: Simple Random Sampling, Systematic Sampling, Stratified Sampling, Cluster Sampling. |
1 |
Sampling distributions |
Concept of sampling distribution. Sampling distribution of sample mean. |
1 |
|
|
|
12 |
course attachements