Masters of Business Administrarion:Quantitative Methods For Management

AIM
To enable students to acquire the knowledge of mathematics & statistics and their use
in business decision making.
UNIT I
Linear, Non-Linear functions - graphical representation of functions, Constants,
Variables - notion of Mathematical models - concept of trade off - notion of constants -
concept of Interest. Basic Concept of differentiation - integration - optimisation
concepts - use of differentiation for optimization of business problem
UNIT II
Data Analysis - Uni-Variate - ungrouped and grouped data measures of central
Tendencies, measures of dispersion - C V percentages (problem related to business
applications). Bivariate - correlation and regression - problems related to business
applications
UNIT III
Probability - definitions - addition and multiplication Rules (only statements) - simple
business application problems - probability distribution - expected value concept -
theoretical probability distributions - Binomial, Poison and Normal - Simple problems
applied to business.
UNIT IV
Basic concept of index numbers - simple and weightedvindex numbers - concept of
weights - types of index numbers - Business index number - CPT, WPI, Sensex, Niffy,
Production Index, Time series - variations in Time Series for business forecasting.
UNIT V
Hypothesis testing of Proportion and Mean - single and two tailed tests - errors in
Hypothesis Testing - Measuring the power of Hypothesis test. Chi-Square Tests