Quantitative Skills for Business Studies ( 2 Credits )
Course Title: Quantitative Skills for Business studies
Code No: FO 511
Area of Study: Core
Credit: 2
Course Objective: The course is designed to give students basic quantitative skills needed for the
other management courses. The knowledge of these skills will enable them to apply quantitative
tools relating to business decisions.
Course Detail:
Unit I: Probability Theory and Probability Distribution LH 7 hrs
Basic Concepts, Set Operations, Venn diagram, Classical, Empirical (Relative) and
Subjective Probability, Additive and Multiplicative Rule, Conditional Probability, Bayes’
Theorem, Random Variable, Mathematical Expectation of a random variables, Binomial
distribution, Poisson distribution, Normal distribution
Unit II: Sampling and Sampling Distribution LH 4 hrs
Sampling, Types of Sampling, Sample Size, Sampling Distribution of Mean and Proportion
Unit III: Correlation and Regression LH 5 hrs
Simple and Partial Correlation and its properties, Simple and Multiple regression (up to three
variables) and its properties, Standard error, Coefficient of Determination
Unit IV: Hypothesis Testing LH 9 hrs
Null and Alternative Hypothesis, Level of Significance, Critical Value, One and Two Tailed
Test, Type I and Type II Error, One Sample Tests for Mean (Z and t Test) and Proportion,
Two Sample Tests for Mean (Z and t Test ) and Proportion, F-Test, ANOVA (One Way and
Two Way)
Unit V: Chi Square Test LH 4 hrs
Introduction, Chi Square as a Test of Goodness of Fit and Test of Independence,
Unit VI:Linear Programming LH 3 hrs
Concept of Linear Programming, Graphic and simplex method for a general LP problem
Note: SPSS software is to be used in the Unit 3, Unit 4 and Unit 5
References:
1. Richard I. Levin, David S. Rubin, Joel P. Stinson, Everette S. Gardner, Jr. Quantitative
Approaches to Management, Eighth Edition, Prentice Hall.
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2. Richard I. Levin, David S. Rubin, Statistics for Management, Seventh Edition, Prentice
Hall.
3. Business Statistics, Third Edition, Levine, Krehbiel, Berenson, Pearson Education
4. Practical Business Statistics, Siegel, Andrew F, Irwin
5. H B Shrestha, Learning Statistic and SPSS in Tandem: A step by step manual, 1st edition,
2008, Ekta Book Distributor Pvt Ltd., Nepal