Teaching Plan

Business Statistics

Semester III
(Batch 2018-23)

Academic Year 2019-20

By
Dr. Megha Chauhan

Symbiosis Law School, Noida

(Constituent of Symbiosis International
University, Pune)

July 2019 – October 2019

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 1. INTRODUCTION

The emergence of Business Statistics as a distinct approach dates to the 1960s. It was
the convergence of at least three trends which prompted historians to turn to
numeric data and statistical analysis for help in answering questions and framing
interpretations. In global work culture statistical skills are necessary for succeeding
in today’s increasingly competitive and demanding world. With the help of these
skills, one can analyze, interpret and make intelligent decisions. A large number of
these techniques and tools are applied to solve day to day business problems in many
areas.

 Apply Statistical Techniques to research and recognize their limitations

 Collect, classify, tabulate and analyze data
 Comprehend, identify and analyze data
 Summarize data sets using different statistical measures Select appropriate
information for computing and processing data
 Analyze data using statistical concepts and tools.
 Use Microsoft Excel for statistical applications

2. LEARNING OBJECTIVES (Knowledge, Skills and Outcomes)

The Course will provide learners with a thorough understanding of recent empirical
methods and its applications. Almost all the courses have statistics as a compulsory
subject. The students are not required to get into the origin of any formula but are
expected to apply these techniques to solve the problem. Moreover, familiarity with
the subject will help them understand the relevance of statistics in the field of
research which will help them in upcoming semesters. After completing this course, a
student should be able to:

A. Knowledge
Learners will learn and understand the value of statistical tools in research and
operational problem solving. Learners will be able to recognize and apply techniques
and their applications in problem solving for decision making. Students will be
introduced business problem situations and Apply/Analyze/Evaluate the results
using Critical Thinking. Learners will be able to demonstrate the problem solving
dimension as referenced above.

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B. Skills

The Learner shall be taught the skills for developing strong research work. He can
learn about the practical considerations and apply techniques, based on various
recent cases where statistical tools have been applied. The subject also demands him
to interpret and critically evaluate the empirical results from different
approaches. The undergraduate level business statistics develop a good common
sense of the advantages and disadvantages of different approaches/methods. The
course enables the learner to acquire a thorough understanding of the data
requirements for applying various techniques. Describe the major features of data
sets and identifying their distributional properties; test hypotheses and draw
inferences; identify the cause/outcome of relationships between two variables; apply
linear regression techniques and interpret the results, and apply basic statistical
methods in solving problems.

C. Outcomes

By the end of the course the learner should have gained a knowledge and
understanding of the issues within the study of business statistics. The learner should
be able to think critically and independently about what they have seen and read. The
Learner is provided an exposure and is introduced to the range of skills develop and
employ the basic statistical concepts and descriptive analysis of data; understand the
concepts of random variables and probability distributions of financial data; draw
inferences and conclusions from statistical analysis; select appropriate estimation
technique; understand linear regression model and apply it to financial and
economic data; evaluate empirical research in finance, and use of event study
techniques in assessing financial developments. The learner can gain a critical
understanding of the application of the methods involved in the study.

D. Final Outcome

Assessment is by compulsory coursework examination (40% Internal + 60%

External= 100%) under the auspices of the Symbiosis International (Deemed
University), Pune.

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3. LECTURES

A. Times and Attendance

Three lecture times have been set aside for this course for each division. Verify it
from the timetable assigned for each division. Lecture outlines, principally in the
form of PowerPoint slides, and relevant study/reading material will be made
available in “The Library‟ on “Curiosity‟ Portal at www.curiosity.symlaw.edu.in.
To facilitate your understanding of these lectures, you should always read at least
the relevant pages of suggested readings in advance of each lecture.

As per Symbiosis International University Regulations, please note,

“Students are expected to attend minimum 75% of all scheduled
sessions and other forms of instruction as defined by the programme
of study.”

The student will not be eligible to appear for the examination if he / she fail to put
in the required attendance. The Students can update themselves of their
attendance daily online in “Attendance‟ on “Curiosity‟ Portal at
https://slsnoida.curiositylive.com.

You are notified that two online sessions with the help of „Banyan
Tree @Curiosity‟ will be conducted for Tutorial. We will be expecting
your response/ answer/ reply within stipulated time given. Those,
who will respond / answer / reply within stipulated time given, will be
granted attendance for one lecture each. This activity is compulsory
for all and attendance so granted will form part of the total
attendance.

NOTE: NO PRESENTATION / VIVA-VOCE / TUTORIAL SHALL BE

TAKEN DURING THE CLASS.

B. Notifications

Learners are informed that notice/s, if required, with respect Academic

Administration, either by Course in Charge or Faculty In Charge, Acdemic
Coordination will be sent using ‘Owl@Curiosity’. No notifications will be
published by Course-in-Charge/Faculty-In-Charge, Academic

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Coordination or Learner using ‘Library@Curiosity’. You are required to
keep yourself duly informed.

C. Lecture Outline:

Week Lecture Topics

Lecture 1
Teaching Plan
Week –
01:
July 2, Teaching Plan
Lecture 2
2019

Lecture 3 Types of data: Primary and Secondary data

Lecture-4 Methods of collecting primary data, Sources of

secondary data
Week –
02: Lecture-5 Data classification
July 8,
2019

Lecture-6 Frequency distributions-Discrete and Continuous

frequency Distributions

Lecture-7 Data Representation- Tabular and Graphical

Week –
Representations
03:
July 15, Lecture-8 Line diagram, Bar diagram, Histogram, Ogive
2019
Curve, Pie Chart, Lorenz Curve
Lecture-9 Use of Excel in graphical representation of data

Lecture-10 Measures of central tendency - Mean, Median,

Mode, Harmonic Mean, Geometric Mean
Week –
04:
Lecture-11 Partition values - Quartiles, Deciles, Percentiles
July 22,
2019

Lecture-12 Measures of dispersion - Range, Mean, Deviation

Lecture-13 Standard Deviation

Week –

5
 05: Lecture-14 Quartile Deviation
July 29,
2019
Lecture-15 Coefficient of Variation

Lecture-16 Skewness and Kurtosis

Week –
06:
Lecture-17 Scatter diagram
August
5, 2019
Lecture-18 Karl Pearson’s coefficient of correlation

Lecture-19 Spearman’s Rank coefficient of correlation

Week –
07:
Lecture-20 Use of Excel in drawing scatter diagram and
August
12, 2019 calculating coefficient of correlation
Lecture-21 Use of Excel in calculating the statistical measures

Lecture-22 Regression coefficients

Week –
08:
Lecture-23 Linear Regression equations of X on Y and Y on X
August
19, 2019
Lecture-24 Use of Excel in calculating slope and intercept of
linear Regression equation

Lecture-25 Random experiment, types of events, definition

probability, addition theorem, multiplication
Week – theorem
09:
August
26, Lecture-26 problems based on permutations and
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combinations,
independent and dependent events

Lecture-27 Random variable, probability distribution of a

discrete random variable

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 Lecture-28 Probability distribution of a continuous random
variable
Week –
10:
Septem Lecture-29 Mathematical expectation and variance
ber 2,
2019
Lecture-30 Binomial distribution, mean and variance of
Binomial distribution

Lecture 31 Poisson distribution, mean and variance of

Poisson distribution
Week –
11:
Lecture-32 Normal distribution, equation of normal
Septem probability curve, standard normal distribution
ber 9, Lecture-33 Area under standard normal probability curve,
2019
importance of normal distribution

Week – Lecture-34 Need for sampling

12:
Septem Lecture-35 Different techniques of Sampling
ber 16,
2019 Lecture-36 Sampling distribution

Week – Lecture-37 Standard error of an estimator

13:
Septem Lecture-38 Estimation-Point and Interval estimation
ber 23,
2019 Lecture-39 Null Hypothesis

Lecture-40 Alternative Hypothesis

Week –
14:
Septem
Lecture-41 Types of errors in testing of hypothesis
ber 30,
2019 Lecture-42 Level of significance

Lecture-43 Critical region

Week –
15:
October
Lecture-44 Procedure for testing of hypothesis
7, 2019
Lecture-45 Different tests and their application

Lecture-46 Practice & Revision

Week –
16:

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 October Lecture-47 Practice & Revision
14, 2019
Lecture-48 Practice & Revision

Lecture-49 Practice & Revision

Week –
17:
October
Lecture-50 Practice & Revision
21, 2019
Lecture-51 Practice & Revision

4. READING AND MATERIALS

A. Textbook

 Shukla Sahai, Business Statistics Theory & Practice, Sahitya Bhawan

Publications,2007
 Gupta S. C., Fundamentals of Statistics, Himalaya Publishing House,2013,
ISBN:9789350517697
 Thakural J K, Business Statistics, Taxman’s Publications Pvt.
Ltd. ISBN:978-93-5071-138-5
 Khandelwal, Quantitative techniques, International Book House P.ltd.,
2012, ISBN13: 9789381335352; ISBN10: 9381335354;
 Tulsian, Pandey, Quantitative techniques, Pearson 2012, ISBN,
8178085887
 Tulsian, Jhunjhuwala, Business Statistics, S. Chand, 2010 ISBN10:
8121929482
 Sharma J K, Business Statistics: Problems and Solutions, Pearson
Education, India. ISBN 9788131734032
 Sharma J K, Business Statistics, Pearson Education India, 2007, ISBN
8177586548, 9788177586541

 Suggested Readings:

Students are expected to read the latest journals, periodicals, reports and articles
to keep abreast with the recent trends and developments in the subject.

B. Reference Books
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  Richard I.Levin/David S Rubin/Sanjay Rastogi/Masood Hussain Siddiqui,
Pearson ; 7th edition (1 December 2008) ISBN-13: 978-8177585841
 Weiers Ron, Introduction to Business Statistics, Cengage Learning, 2010,
0538452196, 9780538452199
 Downing Douglas/Clark Jeffery, Business Statistics, Barron's Educational
Series, ISBN 2010, 0764142399, 9780764142390
 Beri, Business Statistics , Tata McGraw-Hill Education, 2010, ISBN
070083231, 9780070083233
 Bajpai Naval, Business Statistics, Pearson Education India, 2009, ISBN
8131726029, 9788131726020

C. Alternative Texts

 Black Ken, Business Statistics: For Contemporary Decision

Making, ISBN:0470931469
 Levine David M., Business Statistics, ISBN 813173157X
 Wegner Trevor, Applied Business Statistics: Methods and Excel-Based
Applications ISBN:0702172863

Note: Students are expected to read latest journals, periodicals, reports and
articles to keep abreast with the recent trends and developments in this subject.
Student is free to consult any other book available in the library with respect to
the content of the syllabus for advance reading and research work as suggested
readings are indicative not exhaustive. It is creditable if you, in respect of the
proper use of independent research and study, follow up in the Law Library
some of the case references, periodical articles or other material referred to in
the prime textbook or in class. Thereafter you could engage in your own
research, without particular reference, to journals on online databases including
SCC Online, CLA Online, Manupatra, WestLaw India, HeinOnline,
JSTOR, ProQuest, Pearson, Kluwer Database (Kluwer Arbitration,
Kluwer Patent, and Kluwer Competition), Ebrary, Emerald and
EBSCO.

Note:
 The above list is indicative and not exhaustive.

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  Earlier editions of a number of the above texts might also be available and
can be consulted.
It is compulsory for the learner to carry „Take Away book‟ of
Statistics provided by the college on all working days of the given
semester.

5. ASSESSMENT
You will be examined in this course by Internal (40%) and External (60%)
assessment format. Internal examination will be conducted for 40 marks, which
includes one project (10 marks) one tutorial (20 marks) and viva voce (10 Marks).

Internal Assessment: Internal examination will be conducted for 40

Marks. It will include the following components:

A. Mode of First Internal Assessment – Project (10 Marks)

B. Mode of Second Internal Assessment – Tutorial (Open Book
Examination) (20 marks)
C. Mode of Third Internal Assessment - (Viva-Voce) - (10 marks)

External Assessment: The Symbiosis International (Deemed University) will

conduct external written examination for 60 marks at the end of the Semester. It
consists of ten objectives (2 marks each=20 marks) and 4 subjective questions (10
marks=40 marks).

6. INTERNAL ASSESSMENT MODE AND SCHEDULE

A. Project mode and Schedule

First Component is Research Project –where each learner will be required to review
the allotted project to be evaluated out of 10 marks. The Project Topic will be allotted
by Course In charge in consonance with the Learners on or before July 3, 2019.

The Research project is aimed at improving research and analytical skills to make
students learning academically more challenging and rigorous than standard lecture
and test format courses

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The details about the rules and format of submission are annexed with this
document. (Refer to Enclosure A).

Project –Submission Guidelines: Please note that you are required to submit it
to Dr. Megha Chauhan, Assistant Professor a hard copy of your project on or before
the date of submission.

It should comprise of Details of the Learner (Name, PRN, Division and Program).
The project should be accompanied with Turnitin generated plagiarism report. No
submission will be accepted without plagiarism report. Only after Plagiarism check,
the project will be evaluated for 10 marks. As per the anti-plagiarism, the projects
with more than 20% plagiarized content shall be marked ‘zero’.

Note: Please make sure to rename the project file on your name and PRN Number
before uploading on the Turnitin software.

Example: Tim_James_03122019.docx

Following are the guidelines for the project:

i) Word Limit (Not more than 2500 words)

ii) No Spiral Binding / plastic covers, only stapled copy.

iii) Printing to be done on both sides

iv) Plagiarism report to be attached by the learners (Max. Limit – 15-20%)

v) No handwritten submissions shall be taken

Late submission will invite the deduction of two marks per day. Deduction of the
marks shall be calculated from the last date of submission.

Schedule - Project

Submission
Project Assignment Result

August 19, 2019

July 3, 2019 August 12, 2019

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B. Tutorial Mode and Schedule

Tutorial – Written Examination Second Component will be Tutorial –Open

problems/questions, which carries 20 marks having at least two questions.
The tutorial will give you an opportunity for assessing your learning of Banking
Laws. Tutorial also provides you with an opportunity to develop written skills of
presentation and reasoned argument. Lack of preparation and a fortiori non-
attendance will mean that you will fail to make the most of the learning opportunities
provided by this tutorial. In order to achieve the two stated skills objectives i.e.
Presentation and problem solving skills, tutorial is scheduled in this semester.

Tutorial: There will be one tutorial. Tutorial will carry 20 marks (Total=20 marks).
Tutorial will be an Open book.

It is Open Book Examination i.e. examinees are allowed to bring and use any
material including Books, Articles, Hand Written Notes, Hand Outs and alike printed
material. It does not include use of any electronic gadgets, machine or alike material.

Schedule - Tutorials

Date

Tutorial Topic
Test Result

Topic 1: Introduction to Business

Statistics
August 30, September
One
2019 9, 2019 Topic 2: Descriptive Statistics

Discussion on Banyan Tree: To understand the method, two online sessions

(situation based) on Banyan Tree @Curiosity Portal, will be conducted as follows:

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 Banyan Tree Schedule

Online Teaching Sessions @Banyan Tree

Session
Date of Uploading Last-date for
„Cases and Open uploading reply by Attendance
problem/question‟‟ by the students
the faculty

I 22/07/2019 24/07/2019 (11:59 pm) One Lecture

II 09/08/2019 11/08/2019 (11;59 pm) One Lecture

These sessions are COMPULSORY for all learners. Your quality

response/answer/reply within stipulated Date and Time allotted should be
submitted. Those, who will respond/answer/reply within stipulated Date and Time
allotted, will be granted attendance for „One Lecture‟. No response from a learner
will result in absentee of the said learner. Please remember attendance so granted for
the session/s will form part of the total lectures and thus attendance.
C. Viva voce Schedule

Viva voce examination will be of ten marks. The syllabus for the viva voce will
be the syllabus covered till September 10, 2019. Each learner will be
given around 10 minutes for her / his viva-voce.

Viva Voce Examinations

Date Roll Numbers Time

September 18, 2019 1-22 (Div. A) 2:00 PM- 4:00 PM

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September 19,2019 23-44 (Div. A) 2:00 PM- 4:00 PM

September 20, 2019 45 onwards (Div. A)

2:00 PM- 4:00 PM

September 23, 2019

1-22 (Div. B) 2:00 PM- 4:00 PM

September 24, 2019

23-44 (Div. B) 2:00 PM- 4:00 PM

September 25, 2019 45 onwards (Div. B)

2:00 PM- 4:00 PM

September 26, 2019

1-22 (Div. C) 2:00 PM- 4:00 PM

September 27, 2019

23-44 (Div. C) 2:00 PM- 4:00 PM

September 30, 2019 45 onwards (Div. C) 2:00 PM- 4:00 PM

Following are the parameters for the viva voce examination:

Parameters Weightage of Marks

Knowledge & Application of concepts 6 Marks

Professionalism 1 Marks

Confidence 1 Marks

Communication Skills etc. 2 Marks

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7. ADMINISTRATIVE ARRANGEMENTS

The Course in Charge for Business Statistics is Dr. Megha Chauhan. Should you have
any problems with your work, please feel to contact the concern faculty. Notices
relating to the course will be posted online in ‘The Library’ on ‘Curiosity’ Portal
online at https://slsnoida.curiositylive.com/

8. OFFICE HOURS AND CONTACT INFORMAION

If few doubts remain, please contact me via email: megha@symlaw.edu.in. We

welcome your questions and your comments.

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 Annexure A

Enclosure A: Guidelines for Project

Business Statistics

The Maximum Marks for the project are 10. The final copy of the project should be
presented in accordance with the following specifications:

1. The paper used for printing shall be of A4 size.

2. Printing shall be in a standardized form and in one-and-a-half spacing.

• Font: Times New Roman

• Font Size: Main Heading 16(Bold), Sub Heading 14(Bold) and text 12

• Alignment: Justified.

• MS Word

• Page layout: left-1.5 cm, Top-Right-Bottom - 1 cm.

• Word Limit: 2000-2500 Maximum

3. A margin of one-and-a-half inches shall be left on the left hand side.

4. The title of the project, name of the candidate, degree, faculty, university, month
and year of submission, and the name of the faculty with his/her designation a shall
be printed on the first page and on the front cover.

5. It is mandatory to attach the list of content in the beginning of the project.

6. No certificate, acknowledgements are required to be attached with the project.

7. Bibliography should be written in APA Format.

The Bibliography should contain a list of all the books, journals, articles and
pamphlets that the researcher has consulted during the course of the study.

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 Annexure B
General Guidelines for Projects

Front page and Cover

Title of the project (centered on two or more lines)

----------------------------------------------------------------------------------

--------------------------------------------------------------

----------------------------------------------------

Submitted by

Name of the candidate

----------------------------------------

Division …. PRN. No……..Class…..

of

Symbiosis Law School, NOIDA

Symbiosis International University, PUNE

In

Month, year

Under the guidance of

Dr. Megha Chauhan

Assistant Professor

Symbiosis Law School, NOIDA

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 Annexure C

First few pages

Page 1 - Title page (Annexure A)

Page 2 - Index

Page 3 - List of Tables (If any)

Page 4- List of Figures (If any)

Last Page – Referencing

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