Course Handout Section N Course Name: Quantitative Methods Semester: I Faculty Name: Jigyasu Gaur, Ph.D. Room No: 107 Wing No: E Consultation Hours: Friday 9.30 AM 10.45 AM Mobile No: 9010722557 Email: jgaur@ibsindia.org Course Objective: A Manager is called for to take decisions in organizations. Hence, analytical ability and analytical thinking is important for managerial decision making. This course aims at equipping you with analytical concepts, tools and techniques which will enhance your capabilities for objective decision making. The course will also build your foundations for receiving courses like Managerial Economics, Operations Management, Business Research Methods, Marketing Research, Portfolio Management, Financial Econometrics etc. during the MBA program at IBS. This course is designed to meet the above agenda. Learning Outcomes: At the end of the course a student is expected to be equipped with statistical thinking ability and application of basic statistical tools in business context through this thinking. Recommended Text Book: TEXT BOOK AUTHOR / PUBLICATION Statistics for Business and Economics David R Anderson, Dennis J Sweeny and Thomas A Williams, Cengage Learning, 11e, New Delhi, 2011
Suggested books: BOOKS AUTHOR / PUBLICATION Business Statistics in Practice Bruce L Brown, Richard T OConnell and Emily S Murphree, Tata McGraw-Hill Edition, 2010 Decision Making using Microsoft Excel S Christian Albright, Wayne L Winston and Christopher J Zappe, Cengage Learning, 2009 Statistics for Managers using Microsoft Excel David M. Levine, David Stephan, Timothy C. Krehbiel, Mark L. Berenson, Fifth Edition, PHI Learning, 2009 Statistics for Management Richard L. Levin & David S. Rubin, Pearson, 2010
Course Outline: Sl. No. Session No. Topic Case & Case No. Chapter Reading 1. 1-3 Scales & Measurements, Tabular & Graphical presentation of Data, Central Tendency and Dispersion Chapters 1 to 3 Excluding Stem & Leaf Display, Dot Plot, Simpson's Paradox Section 3.5 will be covered in Linear Regression 2. 4-6 Probability Concepts Chapter 4 3. 7-8 Discrete Probability Distributions: Binomial, Poisson Chapter 5 Excluding Section 5.6 NCP1 Test covering syllabus from Chapter 1 to Chapter 5 will be conducted outside class hours after Session 8. Schedule will be informed by the Academics Office. 4. 9-10 Continuous Probability Distributions: Uniform, Normal, Exponential Chapter 6
5. 11-13 Sampling & Sampling Distribution Ascertaining Customer Satisfaction (IBSCDC: QM0007) Chapter 7 Excluding Efficiency and Consistency properties of a point estimator from Section 7.7 6. 14-16 Estimation & Testing of Hypotheses 1 (One Sample Tests) Note: The listed cases can be used both for One Sample and Two Sample Tests. a. Smoking: A Costly Affair (IBSCDC:QM0009) b. Care Hygiene (ICMR Case) c. Conversys Inc. A & B (IBSCDC:QM0010 & QM0033) d. Q Quality Associates (from Text Book) Chapters 8 & 9 Excluding Sections 9.7 & 9.8
NCP2 Test covering syllabus from Chapter 6 to Chapter 9 will be conducted outside class hours after Session 16. Schedule will be informed by the Academics Office. 7. 17-20 Estimation & Testing of Hypotheses 2 (Two Sample Tests) Note: The listed cases can be used both for One Sample and Two Sample Tests. a. Smoking: A Costly Affair (IBSCDC:QM0009) b. Care Hygiene (ICMR Case) c. Conver sys Inc. A & B (IBSCDC:QM0010 & QM0033) d. Q Quality Associates (from Text Book) Chapter 10
8. 21- 23 Chi-square and F Distributions a. Shoppers Stop (IBSCDC:QM0016) b. M Melting Delicacies A (IBSCDC:QM:0011) Chapters 11 to 12
Multiple Regression Interpreting Software output a. C Consumer Research, Inc. (from Text Book, p.685) - -- Do -- Chapters 14
NCP3 Test covering syllabus from Chapter 10 to Chapter 14 will be conducted outside class hours after Session 29. Schedule will be informed by the Academics Office. 11. 30-33 Time Series Analysis Components (trend, seasonal & cyclical), Smoothing Methods, Trend Projections The Electric Fan Industry (IBSCDC:QM0017) Chapter 18 Excluding Section 18.6
Expectations from Students: a. Students must report to the respective sessions well before the announced time. Latecomers will not be permitted to join the class after the scheduled time. If late, the attendance for that session will be marked as absent. b. Read the Case Study / material well prior to the class discussion. He/she is also expected to read the chapter indicated in the course plan as the faculty directs. c. In the class discussion student is expected to participate actively and contribute to individual and group learning. Evaluation is based on active participation. d. The participation has to be relevant and meaningful. Speaking for speaking sake will be counter- productive. Participation by just repeating a point made or picking on what someone has said will also be counter-productive. e. Evaluation is a continuous process at IBS. Every student needs to be aware of the timelines given in the section below. Absence from these evaluations will mean non awarding of marks in that particular component f. Wherever applicable, group assignments require each student to contribute to the group effort. This enhances group effectiveness and leads to greater appreciation of working in groups. g. Formal dressing is suggested for all students. Do not roam in the academic area/ attend classes in chappals / shorts / informal t shirts h. Students are expected to show high regard and appreciation for class discipline and desist from using mobile phones. This disturbs the class ambience and unnecessarily diverts attention of other students as well as the faculty member. To avoid these, mobile phones should be switched off inside the classroom. i. I have given a scheduled consultation hour. Utilize this time to meet me and clarify doubts if any, seek explanations and get mentored if needed. j. Attendance is compulsory in all sessions. However refer to guidelines in your academic handbook for exceptions. Honour Code: Unfair practices in tests and plagiarism in assignments / project work will straight away entail a ZERO to all involved parties. It is not relevant for me to know the source and destination of plagiarism. Class Organization Class Representative Two among you will be elected / selected by consensus as Class Representative for the QM course. S/he will be responsible for class room arrangements, dealing with academic office, for communicating information from me to the class and also to collect all assignments / project works and deliver them to me. Class Discipline Students must occupy their seats before I come in and must remain seated until the attendance is completed at the end of the class. Students must have their name plates on the desk. Use of mobile phones is strictly prohibited in the class. Students must bring laptop and the text book to every class. While we may work with spreadsheet in class, only calculators are permitted in TESTS & EXAMINATIONS. Students are free to ask questions/doubts/clarifications in the class on topics under discussion. For other doubts, they should meet me in my office during consulting hours.
Evaluation Timelines Keeping in line with continuous evaluation at IBS the following schedules have been drawn. Students are expected to go through the dates / sessions mentioned and prepare accordingly. Component Component Number Expected slot / due date Marks declaration by Weightage Class Participation 1 After completion of Session 11 Session 12 10 Class Participation 2 After completion of Session 22 Session 23 10 Class Participation 3 After completion of Session 30 Session 31 10 Non Class Participation 1 After completion of Session 8 Session 9 10 Non class participation 2 After completion of Session 16 Session 17 10 Non Class Participation 3 After completion of Session 29 Session 30 10 End exam At the end of the semester 40 Total 100
Performance till Midterm will be announced by end of session No. 16 in each course which means each student will know his / her performance in one CP and two NCPs. The final result will be declared after the end examinations. Before the student takes the end examination he / she will be aware of the progress in each course up to an extent of 60 marks. Students not taking the evaluation according to the timelines mentioned above will not be given another opportunity excepting in rare circumstances of extreme illness or hospitalization. Notes: 1. Make up test for NCP1 & NCP 2 are permitted only in EXCEPTIONAL cases. I must be convinced about the reason in advance. 2. Students with less than 60% attendance on the date of any evaluation component will be awarded F grade for that component. This applies for class participation as well.
Brief profile of the Faculty Member Jigyasu Gaur, Ph.D. Assistant Professor, IBS-Hyderabad He has Over 13 years of teaching and research experience. He has published research articles in journals of international repute. He has also attended over a dozen international and national conferences.