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Managerial STAT I

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26 views

Managerial STAT I

Uploaded by

kasimhayat02
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Course Title: Managerial Statistics I

Course Code: Mgmt 2031


Credit Hours: 3 hrs
ECTS: 5
Prerequisite: None

Teaching Modalities:
Brief lectures on essential items, Individual assignments, Group assignments/works,
Presentations by students, Brainstorming, Question and answer sessions, etc
Course Description
It is a course in basic statistics which is applicable in every field of knowledge. The insight from
this course enables students: to describe data using graph, tables and numbers and to understand
risky and random events and to evaluate the likelihood of various potential outcomes It includes:
Meaning of statistics; Methods of data collection; Methods of data presentation; Measures of
location; Measures of variation; Moments, skewness and kurtosis; Concepts of Probability and
Probability Distribution. Each topic should begin with motivating examples.
Course Objective
After successfully completing this course, students will be able:
To introduce students the basic statistical knowledge on data collection and
presentation methods, Measures of Central Tendency and Variation, Measures of
shape of distribution, probability theory and probability distribution;
To describe data using basic statistic descriptors
 Enable students apply the methods of statistics in scientific research, decision
making andfuture career;
 To demonstrate the importance and practical usefulness of probability in real life;
 To show how probability is a necessary foundation for understanding statistics;
 To demonstrate the importance and usefulness of statistics in real life and on real data;
 To show how to present data informatively and clearly;
 To equip students to apply probability and statistical methods to solve
standard problemsfrom a wide range of disciplines;
 To give students an appreciation of the limitations of these standard techniques;
 To enable students to communicate the results of their analyses in clear
non-technicallanguage;

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COURSE CONTENTS
CHAPTER ONE: Introduction (5 lecture hours)
1.1. Definition and classification of Statistics
1.2. Stages in statistical investigation
1.3. Definition of Some Basic terms
1.4. Applications, uses and limitations of Statistics
1.5. Types of variables and measurement scales
CHAPTER TWO: Data collection and presentation (7 lecture hours)
2.1 Methods of data collection
2.1.1 Sources of data
2.1.2 Methods of collection
2.2 Methods of Data Presentation

2.2.1 Frequency Distributions: qualitative, quantitative: absolute, relative and Percentage.


2.2.2 Tabular presentation of data
2.2.3 Diagrammatic presentation of data: Bar charts, Pie-chart, Cartograms

2.2.4 Graphical presentation of data: Histogram, and Frequency Polygon


CHAPTER THREE: Measures of Central Tendency (7 lecture hours)
3.1. Objectives of measures of central tendency
3.2. Summation notation

3.3. Measures of central tendency


3.4. Measures of dispersions
CHAPTER Four: Probability and Probability Distribution (14lecture hours)

4.1 Introduction
4.2 Definition & some concepts (Random experiment, sample space, events, probability)
4.3 Counting principles: multiplication rules, permutation and combination

4.4 Approaches to assigning probabilities: Objective Probability & Subjective Probability


4.5 Some rules for computing probabilities
4.6 Baye's Theorem

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4.7 Random Variables and Probability distribution
4.7.1 Discrete Probability Distribution

4.7.2 Constructing Probability Distribution


4.7.3 Expected value and Variance of Discrete random variables
4.8 Discreet probability distribution

4.8.1 Binomial Probability Distribution


4.8.2 Hyper geometric Probability Distribution
4.8.3 Poisson Probability Distribution
4.9 Continuous probability Distribution

4.9.1 Normal/ Probability Distribution


4.9.2 Standardizing Normal Distribution
4.9.3 Application of Standard Normal Distribution

4.9.4 Normal Approximation to the Binomial & Poisson


Evaluation Scheme
Continuous assessment……………………………………….……………50%
 Quizzes …………………………………………………………….10%
 Tests ……………………………………………………………….20%
 Assignments(classroom and home-take) ………………………….10%
 Presentation/public speaking………………………………………5%
 Classroom active participation and attendance…………………….5%
final exam ………………………………………………….………………50%
Texts
Bluman, A.G. (2018). Elementary Statistics: A Step-by-Step Approach (10th
edition).
New York: McGraw-Hill.
Kabbay M.E (2015) Statistics in Business, Financing management
and InformationTechnology (9th edition) New York Pearson publisher.

References
Barrow, Michael (2003) Statistics for Economics, Accounting and Business
Studies New York Prentice Hall Financial Times
Rivera Roberto (2020) Principles of Managerial Statistics as Data

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Science New YorkPearson publisher.
Coolidge, F.L. (2006). Statistics: A Gentle Introduction (2nd edition).
David, S.M., McCabe, P. and Craig, B. (2008). Introduction to the Practice
of Statistics(6th edition). W.H. Freeman.
Eshetu W. (2000). Introduction to Statistics. Addis Ababa University Press.
Freund, J.E and Simon, G.A. (1998). Modern Elementary Statistics (9th Edition).
Gupta, C.P.(). Introduction to Statistical Methods (9th Revised Edition).
J. K. Sharma, 2014 . Business Statistics. 4th ed. New Delhi: Vikas Publishing House.
Spiegel, M.R. and Stephens, L.J. (2007). Schaum's Outline of Statistics,
Schaum'sOutline Series (4th edition). McGraw-Hill.
Woodbury, G. (2001). Introduction to Statistics. Duxbury press.

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