## CMG349 Syllabus - Statistics For Management - 2021 Regulation - Open Elective | Anna University

CMG349

STATISTICS FOR MANAGEMENT

L T P C

3003

OBJECTIVE:
• To learn the applications of statistics in business decision making.

UNIT I

INTRODUCTION

9

Basic definitions and rules for probability, Baye‘s theorem and random variables, Probability distributions: Binomial, Poisson, Uniform and Normal distributions.

UNIT II

SAMPLING DISTRIBUTION AND ESTIMATION

9

Introduction to sampling distributions, Central limit theorem and applications, sampling techniques, Point and Interval estimates of population parameters.

UNIT III

TESTING OF HYPOTHESIS - PARAMETIRC TESTS

9

Hypothesis testing: one sample and two sample tests for means of large samples (z-test), one sample and two sample tests for means of small samples (t-test), ANOVA one way.

UNIT IV

NON-PARAMETRIC TESTS

9

Chi-square tests for independence of attributes and goodness of fit, Kolmogorov-Smirnov – test for goodness of fit, Mann – Whitney U test and Kruskal Wallis test.

UNIT V

CORRELATION AND REGRESSION

9

Correlation –Rank Correlation – Regression – Estimation of Regression line – Method of Least Squares – Standard Error of estimate.

TOTAL: 45 PERIODS

OUTCOMES:
• To facilitate objective solutions in business decision making.
• To understand and solve business problems
• To apply statistical techniques to data sets, and correctly interpret the results.
• To develop skill-set that is in demand in both the research and business environments
• To enable the students to apply the statistical techniques in a work setting.

REFERENCES:
1. Richard I. Levin, David S. Rubin, Masood H.Siddiqui, Sanjay Rastogi, Statistics for Management, Pearson Education, 8th Edition, 2017.
2. Prem. S. Mann, Introductory Statistics, Wiley Publications, 9th Edition, 2015.
3. T N Srivastava and Shailaja Rego, Statistics for Management, Tata McGraw Hill, 3rd Edition 2017.
4. Ken Black, Applied Business Statistics, 7th Edition, Wiley India Edition, 2012.
5. David R. Anderson, Dennis J. Sweeney, Thomas A.Williams, Jeffrey D.Camm, James J.Cochran, Statistics for business and economics, 13th edition, Thomson (South – Western) Asia, Singapore, 2016.
6. N. D. Vohra, Business Statistics, Tata McGraw Hill, 2017.