Basic Mathematics and Statistical Techniques for Data Analysis

Paper Code: 
DAC 231
Credits: 
2
Periods/week: 
1
Max. Marks: 
100.00
Objective: 
Learning Outcome (at course level)Learning and Teaching StrategiesAssessment Strategies-
   

Students will be able to:

CLO1. Explain fundamental mathematical concept prerequisite to Data analysis.

CLO2. Explain the applications ofscale of measurement, measures of central tendency.

CLO3. Apply discrete and continuous probability distributions to various business problems.

CLO4. Understand and interpret the results of Bivariate and Multivariate Regression and Correlation Analysis, for forecasting and also perform F-test.

Approach in teaching:

Interactive Lectures, Discussion, reading assignments, Demonstrations, Group activities, Teaching using advanced IT audio-video tools 

 

Learning activities for the students:

Self-learning assignments, Effective questions, Seminar presentation, Giving tasks.

 

Assessment Strategies

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

 

6.00
Unit I: 

Matrices and Determinants: Definition of a Matrix, Addition & Subtraction of Matrices Multiplication of Matrices, Transpose of a Matrix, Determinants, Determinants of order one and more, Properties of Determinants, Multiplication of two Determinants, Minors and Cofactors System of linear equations, Inverse of a Matrix, Cramer's rule for solution of linear equations, Adjoint of a Matrix, Rank of a Matrix.

 

6.00
Unit II: 

Statistics: Introduction to Statistics, Scale of Measurement, Nominal, Ordinal, Interval & Ratio. Frequency Distribution, Histogram, Frequency Polygon, Ogive, Measure of Central Tendency: Mean, Median & Mode, Properties, Advantages and Disadvantages. Measure of Dispersion: Range, Interquartile Range, Standard Deviation, Quartiles, Deciles, Percentiles.

 

6.00
Unit III: 

Probability : Introduction to Probability, Types of probability , Experiment, Sample Space Random Experiment, Event, Conditional Probability, General Rule of Addition (without proof), General Rule of Multiplication (without proof), Concept of Baye's Theorem. 

Probability Distribution  

Discrete Probability Distributions: Binomial, Poisson, Continuous Probability Distribution, Normal Distribution, Central Limit Theorem & t-distribution,.

 

6.00
Unit IV: 

Statistical Inference and Hypothesis Testing

Population and Sample, Null and Alternate Hypothesis, Level of Significance, Type I and Type II Errors, Confidence Intervals, Sampling Distribution : application of t test(single mean independent two mean, paired) , Chi Square Test (goodness of fit, independence of attributes) , F test. large sample test : One Sample Proportion Test, Two Sample Proportion Tests, Analysis of Variance.

 

 

6.00
Unit V: 

Correlation and Regression (Theoretical Concepts and Inferences)

Analysis of Relationship, Positive and Negative Correlation, Perfect Correlation, Correlation Matrix, Scatter Plots, Simple Linear Regression, R Square, Adjusted R Square, Testing of Slope, Standard Error of Estimate, Assumptions of Linear Regression, Multiple Regression, Coefficients of Partial Determination, Durbin Watson Statistics, Variance Inflation Factor.

 

 

ESSENTIAL READINGS: 
  1. Sancheti Kapoor, S Chand , “Business Mathematics “
  2. Zameeruddin, Khanna & Bhambri, “Business Mathematics “,Vikas Publishing House
  3. Mittal, Satyaprasad & Rao,  “Mathematics and Statistics for Management”, Himalaya Publication
  4. Naval Bajpai ,”Business Statistics” Pearson Publications
  5. Ken Black ,”Business Statistics”, Wiley Publications

 

Academic Year: 
2020-21
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