Statistics for Business Management(MA715)

Course Name: 

Statistics for Business Management






Programme Core (PC)

Credits (L-T-P): 



Role of Statistics in Decision Making, Collecting & Tabulating Data-Measure of Central Tendency and Dispersion in Frequency Distribution, Probability Theory: Classical, Objective & Subjective Approach-Addition, Multiplication & Bayes Theorem –Applications-Binomial, Poisson and Normal - Decision Making Under Certainty, Uncertainty and Risk -Sampling and Sampling Distribution: Types of Sampling - Random Sampling-Concept of Standard Error Central Limit Theorem. Testing of Hypotheses, Significance Level-Type I & Type II Error- One-Two Tail Tests - Hypothesis Testing of Means, Variance & Proportions -Chi-Square Tests- Goodness of Fit, Independence of attributes, Correlation and Regression Analysis


Levine, Stephan, Krehbiel, Berenson, Statistics for Managers, Using Microsoft Excel, PHI New Delhi, 2011.
Daniel, Terrell, Business Statistics, For Management and Economics, 6th Edi tion, Houghton Mifflin Company, 1992.
Richard I. Levin and David S. Rubin, Statistics for Management, Prentice Hall of India, 1999.


Mathematical and Computational Sciences

Contact us

B R Shankar, Associate Professor and Head
Department of MACS, NITK, Surathkal
P. O. Srinivasnagar, Mangalore - 575 025
Karnataka, India.

  • Hot line: +91-0824-2474048

Connect with us

We're on Social Networks. Follow us & get in touch.