Statistics for Managers

Statistics is a field study concerned with gathering, transforming and analyzing data for the purpose of making intelligent statements and drawing appropriate decisions. This course has been designed for Business students so that they can apply their knowledge of Statistics in many practical situations. The purpose of this course is to provide you with a strong background in statistical principles. Our emphasis will be on learning how to be an intelligent "consumer" of statistics, rather than on how to become a statistician.

Topiscs to be covered:

###Understating Statistics and method of describing data

  • Understand how statistics is used in business
  • Understand the different measurement scales
  • Organize numerical data
  • Develop tables and charts for numerical data
  • Develop tables and charts for categorical data
  • Understand the principles of proper graphical presentation
  • Describe the properties of central tendency, variation, and shape of data
  • Construct and interpret a box-and-whisker plot
  • Calculate descriptive summary measures from a population
  • Application through SPSS

###Introduction to Probability and Testing of Hypothesis

  • Understand basic probability concepts
  • Understand the basic principles of hypothesis testing
  • Use of hypothesis testing to test a mean
  • Use of hypothesis testing for comparing the difference between the means
  • Use of hypothesis testing for related samples
  • Use of one-way analysis of variance to test for differences among the means of several groups

###Determining and testing Relationships/Associations

  • Pearsons Correlation
  • Simple Linear Regression
  • Multiple Linear Regression
  • Chi-Square test of Association


Assignment 1

Assignment 2

Assignment 3

Case Studies

Employee Database

Customer Database

breasks Database

Credit Cards

Comparing Groups

Bank Loan


Employee Satisfaction Survey

Reference Books

  • Even you can learn Statistics, 2nd Edition, by David M. Levine and David F. Stephan

  • Statistics for Managers, 4th Edition by Levine, Stephan and Berenson.

  • Middleton, Decision Analysis Using Microsoft Excel, April 2007

  • Middleton, Data Analysis Using Microsoft Excel: Updated for Office XP

  • Introduction to Practice of Business Statistics, 6th Edition, by David Moore

  • Statistics for Business and Economics, 7th Edition, by McClave, Benson and Sincich