Statistics for Business Management

Course Name: 

Statistics for Business Management (MA715)






Foundation Courses

Credits (L-T-P): 

(3-0-0) 3


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


1. Levine, Stephan, Krehbiel, Berenson, Statistics for Managers, Using Microsoft Excel, PHI New Delhi, 4th Edition, 2011.
2. Daniel, Terrell, Business Statistics, For Management and Economics, 6th Edition, Houghton Mifflin Company, 1992.
3. Richard I. Levin and David S. Rubin, Statistics for Management, Prentice Hall of India, 1999.
4. Srivatasava, Shenoy and Sharma, Quantitative Techniques for Managerial Decision Making, 3rd Ed., Wiley Eastern, 1998.


School of Management

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Dr. Sheena
Head, School of Humanities, Social Sciences and Management,
National Institute of Technology Karnataka
Post: Srinivasanagar, Surathkal, Mangalore - 575025
Karnataka, India.
Hot line: +91-0824-2474000 (Extn. 4047)
              +91-0824-2474000 (Extn. 3236)
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