M-103 BUSINESS MATHEMATICS AND STATISTICS Course/Paper : M-103 MBA Semester-I No.

of Lecture Hrs/week: 03 Internal Marks: 30 Total No of Lectures Hrs: 42 External Marks: 70 No. of Tutorial Hrs/week:01 Exam Time: 3 Hrs Objective: The objective of the course is to enable the student to familiarize with the Knowledge and Skills necessary to solve a variety of arithmetic & statistical issues in management problems that are commonly found in business situations.

Section A
Module I: Matrices and Determinants (6 Hours) Definition of a matrix, types of matrices, algebra of matrices, Transpose, Adjoint, elementary and Inverse of a matrix. Module II: (4 Hours) Solving linear equations by using matrices, Input-Output analysis. Application of matrices for solution to simple business and economic problems. Module III: Role of statistics (6 Hours) Numerical descriptive measures of central tendency and dispersion and their implications, Mean, Mode, Median, Variance and standard deviation. Module IV: Correlation (4 Hours) Coefficient of Variation. Covariance and coefficient of correlation. Visual explorations using software like Microsoft Excel/MINITAB Module V: Regression (6 Hours) Types of Regression models, determination of simple linear regression equation using least square method, coefficient of determination, Overview of Partial and Multiple regressions. Module VI: Index Numbers (5 Hours) Meaning, Types of index numbers, uses of index numbers, Construction of Price, Quantity and Volume indices: Fixed base and Chain base methods. Fisher ideal index number. Proportion, percentage, Interval, Ratio and Interest. Module VII: Probability (5 Hours) Basic probability concepts, conditional probability, marginal probability and its uses in business decisionmaking; Bayes theorem and its applications. Module VIII: Probability Distributions (6 Hours) Concept and application of Binomial, Poisson, Exponential and Normal distributions

Section B
At least one Case Study from each Module Note: 50% of the questions will be Numerical /application oriented.

Recommended Books:
1 Doane. Applied Statistics in Business and Economics. Tata McGraw-Hill. 2 Beri. Business Statistics. Tata McGraw-Hill. 3 Aczel. Complete Business Statistics: with student CD-ROM (SIE). Tata McGraw-Hill. 4 Gupta, S.P. Statistical Methods. Sultan Chand & Sons. 5 Shrivastava. Statistics for Management. Tata McGraw-Hill. 6 John C. Lee., Business and Financial Statistics Using Minitab 12 and Microsoft Excel 97. World Scientific Publisher