Courses Catalogue

Business Statistics

COURSE CODE: ST A 2101
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Human Resource Management
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Content and Outline

Introduction

 Definition of business statistics

  • Organization of data
  • Construction of tables
  • Graphs
  • Types of graphs and their purpose
  • Pie charts and all types of pie charts.
  • Measures of variability/dispersion
  • The variance
  • Standard deviation
  • Set theory
  •     Basic set concepts
  • Purpose of understanding sets
  • Time series analysis/components
  • Time series components
  • The importance of time these components in the economy as per determining the business cycle flow.
  • Probability theory
  • Exponential
  • Types of events.

Normal/binomial distribution

  • Z-scores
  • Skewness
  • kurtosis
  • T-tests and chi-square tests
  • Data collection methods
  • Sampling techniques
  • Purpose of data collection.

 MODE OF DELIVERY

  • Lectures
  • Reading assignments
  • Practical assignments
  • Field trips
  • Documentaries

INSTRUCTIONAL MATERIALS AND / OR EQUIPMENT

  • Whiteboard and Markers
  • Flip Charts
  • LCD Projectors
  • CDs, DVDs and Tapes
  •