BMA2202 BUSINESS STATISTICS I

# BMA2202 BUSINESS STATISTICS I - 2 P.O Box 342-01000 Thika...

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2 P.O. Box 342-01000 Thika Email: [email protected] Web: SCHOOL OF BUSINESS AND PUBLIC MANAGEMENT DEPARTMENT OF MATHEMATICS UNIT CODE: BMA2202 UNIT NAME: BUSINESS STATISTICS I

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3 Course content Pre-requisites: BBM 112 and BBM 212 Purpose: To introduce students to business statistics necessary for data summarization and presentation Contact hours: 42 Pre-requisites: SBC 112 and SBC 212 Purpose: To introduce students to business statistics necessary for data summarization and presentation Expected Learning Outcomes of the Course: By the end of the course unit the learners should be able to:- i) Organize and present data using various methods ii) Interpret data iii) Summarize data Course Content: Measures of central tendencies; Measures of dispersion; Data collection; Organization and Presentation of Data; Random variables: Discrete and continuous random variables, Their distribution such as binomial, Poisson, normal, and their business applications WEEK ONE TOPIC ONE : INTRODUCTION Definition of business statistics Types of statistics WEEK TWO TOPIC TWO : DATA COLLECTION Methods of collection ; questionnaire, interview, observation Sources of data ; primary & secondary WEEK THREE AND FOUR TOPIC THREE: ORGANIZATION AND PRESENTATION OF DATA Bar charts Pie-charts Stem and Leaf
4 Frequency tables Graphs of frequency distribution Histogram O- give, frequency curves WEEK FIVE TOPIC FOUR: VARIABLES AND DATA TYPES Discrete Continuous Grouped and ungrouped data types Types of scales: ordinal, nominal, ratio and interval WEEK SIX TOPIC FIVE: MEASURES OF CENTRAL TENDENCIES (MEAN) Arithmetic Weighted Harmonic Geometric WEEK SEVEN & EIGHT TOPIC FIVE: MEASURES OF CENTRAL TENDENCIES Median Quartiles Percentiles Mode WEEK NINE & TEN TOPIC SIX: MEASURES OF DISPERSION Range Quartile Deviation, Variance, Standard deviation Skewness and Kurtosis Coefficient of variation WEEK ELEVEN AND TWELVE TOPIC SEVEN: RANDOM VARIABLES : Discrete random variables

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5 Continuous random variables WEEK THIRTEEN & FOURTEEN TOPIC EIGHT: PROBABILITY DISTRIBUTION Normal Binomial Poisson, and their business applications Teaching / Learning Methodologies : Lectures and tutorials; group discussion; demonstration; Individual assignment; Case studies Instructional Materials and Equipment: Projector; test books; design catalogues; computer laboratory; design software; simulators Course Assessment Course Assessment Examination Week (15-16) 70% Continuous Assessment Test (CATS) (Week 7 and Week 11) 20% Assignments 10% Total 100% Recommended Text Books i) Azel (2006); Complete Business Statistics; Tata Mcgraw Hill ii) Beri (2008); Business Statistics; PVT Publishers New Delhi iii) Chandra J. S. (2003); Statistical for Business and Economics; Tata McGraw Hall, New Delhi Text Books for further Reading i) Mansfield Edwin; Statistical for Business Economics Methods and Applications; New York W.W Norton and Company ii) Enns Phillip G, (1985); Business Statistical Methods ad Application; Homewood Richard D Irwin Inc
6 Table of Contents Course content ................................................................................................................................. 3 CHAPTER 1: INTRODUCTION .................................................................................................... 9 1.1 What is Statistics? .................................................................................................................. 9 Definitio ....................................................................................................................................... 9 1.2 Uses of Statistics .................................................................................................................. 10 1.3 Limitations of Statistics

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