buX
Business Statistics
This course focuses on the statistical tools and concepts to be used in the business decision process. Methods of descriptive and inferential statistics along with their applications in the management decision process, correlation and regression analysis, autocorrelation and collinearity, and basics of non-parametric statistics. Survey methods, sample design and sources of business statistics in Bangladesh are also discussed.
LEARNING OBJECTIVES
1. TO HELP STUDENTS TO DEVELOP COMPETENCE IN THE AREA OF DESCRIPTIVE AND INFERENTIAL STATISTICS
2. TO KNOW THE APPLICATIONS OF STATISTICAL CONCEPTS AND SKILLS LEARNED IN THE AREA OF BUSINESS AND MANAGEMENT
3. TO UNDERSTAND THE SAMPLE DESIGN, SAMPLE SIZE DETERMINATION, CONFIDENCE INTERVAL, AND OTHER STATICSTICAL TECHNIQUES TO SOLVE THE REAL-LIFE PROBLEMS
4. TO ACQUAINTED WITH THE UNIVARIATE, BIVARIATE AND MULTIVARIATE ANALYSIS TO SOLVE THE BUSINESS AND MANAGERIAL DECISION MAKING PROBLEMS.
INTENDED LEARNING OUTCOMES
UPON THE SUCCESSFUL COMPLETION OF THIS COURSE, A STUDENT WILL BE ABLE TO:
1. INDENTIFY AND APPLY THE CONCEPTS OF SUMMERING AND ORGANIZING DATA, MEASURES OF LOCATION AND DISPERSION TO SOLVE THE REAL-LIFE PROBLEMS.
2. CLASSIFY THE RELATIONSHIP BETWEEN VARIABLES AND TO MAKE DECISION ON INDUSTRY RELATION PROBLEMS.
3. RECOGNIZE THE TEST STATISTICS FOR TESTING THE QUALITY CONTROL APPROCH AND TO MAKE THE APPROATE DECISION.
4. DEVELOP A STATISTICAL MODEL FOR FORECASTING OR ESTIMATING THE FURTURE PHENOMENON IN BUSINESS AND INDUSTRY RELATED ISSUES.