SVKM’s NMIMS ASMSOC – Course Outline

Course Code 742QT0N002

Course Title Quantitative Techniques-I
Course Veerendra Anchan
Instructor/s
Course 4
Credit
Program and Bachelor of Business Administration, Semester - 1
Semester
Pre- Students should have a thorough understanding of the fundamental concepts of interest,
Requisite functions, data kinds, basic descriptive statistics
Learning  To teach students a basic but thorough introduction to Quantitative Techniques for
Objectives solving real-world issues. (PLO 1a)
 Enhancing one's ability to analyse and evaluate facts by interpreting data to make.
(PLO 1b)
 To teach students to create models and frameworks for critical analysis of particular
business scenarios. (PLO 2b)
 To enable the students to demonstrate the ability to work in groups while working
on a Statistical Project on real-life data in MS Excel. (PLO 3b)
Learning  Students will have an in-depth knowledge of how to implement the concepts discussed in
Outcomes Quantitative Techniques-I when making decisions in various management domains such as
marketing, finance, economics, and more.
 Students ought to be capable of analysing and interpreting data utilizing time series
modelling and prediction, probability, and probability distribution upon completion of the
course.
 Upon successful completion of the course, students should possess the ability to construct
fundamental models and frameworks that refer to practical situations.
 Students should be capable of applying group learning principles when undertaking a
statistical project using real-world data and Microsoft Excel upon completion of the course.
Course Quantitative Techniques provide an introduction to mathematic and statistical methods for
Description solving business problems, emphasizing decision-making skills from a management
perspective. Students also learn statistical techniques applicable to business, economics, and
finance.
Evaluation Assessment %Weightag AOL Instruments Intended CLOs to be Assessed
Pattern Methods e & Marks
CLO1 CLO2 CLO3 CLO4
Class-Test 20% Embedded Questions yes yes yes no
(Numerical tests) (10 Marks) 12th – 14th August, 2024
Quiz 20% Embedded Questions yes yes yes no
(Numerical tests) (10 Marks) 14 – 17 October, 2024
th th

Mid-Term 40% Embedded Questions yes yes no no

(20 Marks) 12th-14th September,
2024
Statistical 20% Data Analysis in Excel yes yes yes yes
Project (10 Marks) (Presentation & Viva)
18th – 23rd
November,2024
Term End 50% Embedded Questions yes yes yes no
Examination (50 Marks) 5th – 13th December,
(TEE) 2024
 Course Session Plan

Session Topics / Module Chapters

Business Mathematics
Module 1: Quadratic Equations Business Mathematics by Qazi. Z,
1 Introduction, Solving quadratic equations by
methods: factorization
2 Solving quadratic equations by methods: Business Mathematics by Qazi. Z
factorization
3 Solving quadratic equations by methods: perfect Business Mathematics by Qazi. Z
square roots
4 Solving quadratic equations by methods: perfect Business Mathematics by Qazi. Z
square roots, Nature of Roots
5 Solving quadratic equations by methods: perfect Business Mathematics by Qazi. Z
square roots, Nature of Roots
6 Symmetric expressions of roots of a quadratic Business Mathematics by Qazi. Z
equation.
7 Symmetric expressions of roots of a quadratic Business Mathematics by Qazi. Z
equation.
8 Symmetric expressions of roots of a quadratic Business Mathematics by Qazi. Z
equation.
9 Module 2: Functions Mathematics & Statistics for
Functions and types of Functions: Implicit, Explicit, Management by Akhilesh,
single-valued, multi-valued, monotonic, constant, Balasubrahmanyam
polynomial, exponential, logarithmic. (Only
concepts).
10 Economic application of functions Mathematics & Statistics for
(Problems included): Demand and Supply Functions, Management by Akhilesh,
Break-even Point. Cost Function. Total Revenue Balasubrahmanyam
Function. Profit Function.
11 Module 3: Derivatives and Its Applications to Business Mathematics, Qazi Z
Business & Economics (Derivations of formulae
omitted)
Introduction, rate of change (Only concepts). Types of
derivatives – constant, algebraic, polynomial,
exponential, logarithmic.
12 First and second-order derivatives. Rules for Business Mathematics, Qazi Z
derivatives – sum/difference numerical.
13 First and second-order derivatives. Rules for Business Mathematics, Qazi Z
derivatives – sum/difference numerical.
14 Product, quotient, and chain rule numerical. Business Mathematics, Qazi Z
15 Product, quotient, and chain rule numerical. Business Mathematics, Qazi Z
16 Product, quotient, and chain rule numerical. Business Mathematics, Qazi Z
17 Marginal Cost / Supply /Revenue functions, Business Mathematics, Qazi Z
Maxima / Minima
18 Marginal Cost / Supply /Revenue functions, Business Mathematics, Qazi Z
Maxima / Minima
19 Marginal Cost / Supply /Revenue functions, Business Mathematics, Qazi Z
Maxima / Minima
20 Profit Function. Optimization Problems. Business Mathematics, Qazi Z
21 Profit Function. Optimization Problems. Business Mathematics, Qazi Z
22 Module 4: Functions of Two Variables Quantitative Methods by S.Saha,
Introduction. Examples of demand / supply / S. Mukherji –(CENTRAL)
utility / production functions.
23 Partial derivatives. Second order direct & cross partial Quantitative Methods by S.Saha,
derivative. S. Mukherji –(CENTRAL)
24 Economic Application of Partial Derivatives – Quantitative Methods by S.Saha,
Marginal Values of Demand, Utility, Production S. Mukherji –(CENTRAL)
25 Maxima/Minima. Unconstrained optimization of two Quantitative Methods by S.Saha,
variables. Constrained optimization-Method of S. Mukherji –(CENTRAL)
Lagrange multiplier.
26 Maxima/Minima. Unconstrained optimization of two Quantitative Methods by S.Saha,
variables. Constrained optimization-Method of S. Mukherji –(CENTRAL)
Lagrange multiplier.
Business Statistics
27 Module 1: Introduction, Collection of Data & Statistical Methods by S.P.Gupta
Diagrams, Graphs
Meaning, scope, and limitations of statistics.
Population, sample, variable, attribute, parameter,
statistic. Primary, Secondary, Sample and census,
Survey, Types of Data, and Different methods of
collecting data. Tabulation of Data up to three
characteristics (only concepts).
28 Histogram with mode. (Problems included) Statistical Methods by S.P.Gupta
29 Frequency polygons/ curves. (Problems included) Statistical Methods by S.P.Gupta
30 Ogives with a median. (Problems included) Statistical Methods by S.P.Gupta
31 Module 2: Descriptive Statistics for Univariate Statistical Methods by S.P.Gupta
Data (Step deviation method omitted, bimodal
omitted)
Concepts & Numerical on Arithmetic mean,
weighted mean.
32 Concepts & Numerical on weighted mean, combined Statistical Methods by S.P.Gupta
mean.
33 Concepts & Numerical on median (ungrouped and Statistical Methods by S.P.Gupta
grouped), quartiles, percentiles, deciles & Mode
(Simple problems related to Economics and Finance).
34 Concepts & Numerical on Geometric Mean Statistical Methods by S.P.Gupta
(ungrouped and grouped).
35 Introduction to Measures of Dispersion, Concepts & Statistical Methods by S.P.Gupta
Numerical on Range, Quartile Deviation.
36 Concepts & Numerical on Mean Deviation from Statistical Methods by S.P.Gupta
Mean, Median & Mode.
37 Concepts & Numerical on Standard Deviation, Statistical Methods by S.P.Gupta
Variance.
38 Concepts & Numerical on Standard Deviation, Statistical Methods by S.P.Gupta
Variance.
39 Concepts & Numerical on Coefficient of Variation, Statistical Methods by S.P.Gupta
Combined Standard Deviation (Simple, basic
 problems about Finance and Quality Control).
40 Concepts & Numerical on Coefficient of Variation, Statistical Methods by S.P.Gupta
Combined Standard Deviation (Simple, basic
problems about Finance and Quality Control).
41 Concepts & Numerical on Skewness (Karl Pearson) Statistical Methods by S.P.Gupta
42 Concepts & Numerical on Skewness Statistical Methods by S.P.Gupta
(Bowley’s)
43 Concepts & Numerical on Skewness (Kelly’s) Statistical Methods by S.P.Gupta
44 Kurtosis (only concepts of kurtosis) (Concept to be Statistical Methods by S.P.Gupta
clarified using graphs for the problems on
Skewness)
45 Module 3: Bivariate Data Correlation: Statistical Methods by S.P.Gupta
Introduction, Scatter Diagram, Karl Pearson’s
Coefficient of Correlation.
46 Numerical on Karl Pearson’s Coefficient of Statistical Methods by S.P.Gupta
Correlation (bivariate table omitted).
47 Numerical on Karl Pearson’s Coefficient of Statistical Methods by S.P.Gupta
Correlation (bivariate table omitted).
48 Numerical on Spearman’s (Non repeated Ranks) Statistical Methods by S.P.Gupta
Correlation (Properties and Calculations)
49 Numerical on Spearman’s (Repeated Ranks) Statistical Methods by S.P.Gupta
Correlation (Properties and Calculations)
50 Introduction to Linear Regression Equations – Statistical Methods by S.P.Gupta
Statement, Properties, Uses.
51 Numerical on regression equations using Least Statistical Methods by S.P.Gupta
Square Method.
52 Numerical on regression equations using Least Statistical Methods by S.P.Gupta
Square Method.
53 Numerical on regression equations using Least Statistical Methods by S.P.Gupta
Square Method.
54 Numerical on regression equations using regression Statistical Methods by S.P.Gupta
coefficients.
55 Numerical on regression equations using regression Statistical Methods by S.P.Gupta
coefficients.
56 Coefficient of Determination and its application Statistical Methods by S.P.Gupta
numerical (basic problems)
57 Module 4: Application of Statistical Techniques The Excel Data and Statistics
Graphical representation-Histogram, Polygon, Curve Cookbook, 2012,3rd Edition,
& Ogives using MS Excel Larry Pace
58 Descriptive Statistics using MS Excel The Excel Data and Statistics
Cookbook, 2012,3rd Edition,
Larry Pace
59 Scatter Diagram, Correlation & Regression Analysis The Excel Data and Statistics
using MS Excel Cookbook, 2012,3rd Edition,
Larry Pace
60 Scatter Diagram, Correlation & Regression Analysis The Excel Data and Statistics
using MS Excel Cookbook, 2012,3rd Edition,
Larry Pace

Prescribed Text Books:

  Business Statistics, 10ed (An Indian Adaptation): For Contemporary Decision Making by Ken
Reading Black, Sanjeet Singh, 2023, Wiley, 10th Edition.
List and  Quantitative Methods for Business by David R. Anderson, Dennis J. Sweeney, Thomas
Reference Williams, 2023, Cengage, 13th Revised Edition.
s  Statistical Methods, S.P.Gupta, Sultan Chand & Sons, 2021, 46th Edition.
 Business Research Methods by William G. Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griffin,
Cengage, 2021, 9th Edition
 Business Analytics – Data Analysis and Decision Making by S. Christian Albright, Wayne L.
Winston, Cengage, 2021, 6th Edition.
 Business Statistics by J. Joseph Francis, Cengage, 2021, 2nd Edition.Business Mathematics,
Logical Reasoning and Statistics for CA Foundation, 2016, Pearson, Edition Reprint
March 2021.
 Business Statistics: Communicating with Numbers, Sanjeev Jaggia & Alison Kelly,
2019, McGraw-Hill, 4th Edition.
 Business Mathematics, Qazi Zameeruddin, 2015, Vikas Publishing House Pvt Ltd, 2 nd
Edition.

References:
 Business Statistics & Business Mathematics books in National Digital Library, ndl.iitkgp.ac.in
 Statistics for Business Economics by David R. Anderson, Dennis J. Sweeney, Thomas
Williams, 2019, Cengage,12th Revised Edition.
 Statistics for business and economics Global edition by Paul Newbold, William Lee
Carlson, Betty M. Thorne 2019, Pearson UK, 10th Edition.
 Mathematics & Statistics for Management by K.B. Akhilesh, S. Balasubrahmanyam,
2008, Vikas Publishing House Pvt Ltd, 1st Edition.
 Business Mathematics, Kashyap Trivedi, Chirag Trivedi (Pearson), 2011, Pearson
Education, 1st Edition
 Quantitative Techniques in Business, Management, and Finance by Awari, G.K.Dubey et
al., 2017, Chapman and Hall/CRC, 1st Edition.
 Business Statistics, Global Edition by Sharpe, Norean, De Veaux, Richard, Velleman,
Paul, 2021,Pearson Education Limited, 4th Edition.
 Business Statistics by N.D. Vohra, 2014, McGraw Hill, 1st Edition.
 Fundamentals of Mathematical Statistics (A Modern Approach), 10th Edition, 2000, Sultan
Chand & Sons.
Note:
 In the absence of an updated version, a few works published before 2018 are
essential readings for the course.
 While the recommended textbooks for each module are provided, you are
welcome to explore additional resources that align with the course
concepts and methods.

Prepared by Faculty Approved by Program Approved by Associate

Member Chairperson Deans
Veerendra Anchan

Approved by I/C Dean –

ASM SOC