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Admissions

It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

Statistics for Business Decisions (Theory) | Tourism and Aviation

Statistics for Business Decisions (Theory)

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Paper Code: 
24CBTM401
Credits: 
04
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to assess the knowledge of all the statistical aspects for business decisions in the quantitative manner and preparing the research report using appropriate statistical techniques.

 

Course Outcomes: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

24CBTM401

Statistics for Business Decisions

 (Theory)

 

CO139: Examine the concept of correlation and regression analysis.

CO140: Assess the theory of probability and probability distribution.

CO141: Appraise the sampling theory and interpret the results of Z test.

CO142: Analyze the results of t test, ANOVA and Chi-square test.

CO143: Construct a research report.

CO144: Contribute effectively in course-specific interaction

Approach in teaching:

Interactive sessions, Discussion, Tutorials, Reading assignments

 

Learning activities for the students:

Self learning assignments, Solving questions-based problems, Group tasks

Continuous Assessment Test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects
 

 

12.00
Unit I: 

Correlation and Regression Analysis 

Correlation Analysis: Meaning and significance. Correlation and Causation, Types of correlation. Methods of studying simple correlation - Scatter diagram, Karl Pearson’s coefficient of correlation, Spearman’s Rank correlation coefficient, Concurrent correlation. Regression Analysis: Meaning and significance, Regression vs. Correlation. Linear Regression, Regression lines (X on Y, Y on X)

 

12.00
Unit II: 

Probability Theory and Probability Distribution                                           

Probability: Meaning and need. Theorems of addition and multiplication. Conditional probability. Baye’s Theorem. Probability Distribution: Meaning, characteristics (Expectation and variance) of Binomial, Poisson, and Normal distribution.

 

12.00
Unit III: 

Sampling Theory, Test of Significance of large sample                             

Sampling Theory: Parameter and Statistic, Sampling Distribution of a Statistic and Standard Error of a Statistic Test of Hypothesis: Element and Procedure of Testing a Statistical Hypothesis, Types of Errors. Level of Significance Test of Significance (Large Sample)- Sample Mean, Difference between two Sample Means, Difference between two Standard Deviations, Sample Proportion and Difference between two Sample Proportions.

 

12.00
Unit IV: 

Test of Significance (Small Sample), Chi-square test and Analysis of Variance  Test of Significance (Small Sample): Application of Student’s t- test for Mean, Difference between two Means (Independent and Paired t-test for Difference of Means).

Chi-square test: Definition and Nature, Uses of Chi-Square Test- Test of Goodness of Fit, Test of Independence of Attributes and Test for the Population Variance.

Analysis of Variance: One-way and two-way classification.

 

12.00
Unit V: 

Research report writing                                                                               

Research report writing: Format of research report, presentation, footnote- endnote, bibliography, references.

Essential Readings: 
  1. S.P. Gupta (S.P.): Statistical Methods, Sultan Chand & Sons, 34th Edition.
  2. Goon, Gupta and Das: Fundamentals of Statistics
  3. Snedecor and Cochran, Statistical Methods, Oxford and IBH Publishers.
  4. Sancheti and Kapoor, Statistics, New Age Publications

 

References: 

Suggested Readings:

  1. Shukla,M.C. and Gulshan S.S., Statistics Theory and Practice, Sultan Chand and Sons, New Delhi.
  2. Richard Levin & David Rubin: Statistics for management, Prentice Hall.
  3. Anderson, Sweeny & Williams: Statistics for Business and Economics, South West

 

E-resources:

  1. https://www.google.co.in/books/edition/Statistics_for_Business/DMv03Z7JN... pv=1&dq=statistics+for+business+decisions+full+preview&printsec=frontcover
  2. https://www.google.co.in/books/edition/Essentials_of_Business_Research/s... ?hl=en&gbpv=1&dq=business+research+full+preview&printsec=frontcover
  3. https://www.google.co.in/books/edition/Research_Methodology/a3PwLukoFlMC... v=1&dq=research+methods+full+preview&printsec=frontcover

 

Academic Year: 
2024-2025
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