Lal Bahadur Shastri Institute of Management, Delhi
Course Title: Basic Statistics Course Code: 60001
Academic Area: Operations & Business Analytics Course Category: Core Course
Course Prerequisite: Course Credits: 3
Academic Session: 2025-26 Approved on: May7, 2021
Program: PGDM (G/F/RBA) Facilitators: Dr. Hasanuzzaman
Trimester- 0
Introduction
Basic Statistics is an introductory course in Statistics designed to provide students with conceptual understanding of
data analysis and statistical modeling. The course serves as a pre-requisite to the course Quantitative Methods for
Management. In almost all organizations worldwide decisions are being made every minute to determine the growth,
profitability, sustainability and many other aspects. Most of these decisions are based on information gathered about
the market, financial & economic environment, human resources and other such factors. All this information comes in
the form of a data. Statistics provides a scientific tool for collecting, visualizing, analyzing and extracting meaningful
insights from the data. Therefore, statistics plays a crucial role in decision-making process in the dynamic world of
business.The purpose behind teaching this course is o inculcate an intrinsic interest for statistical & analytical thinking
in students. The course also equips students with software tools, like MS-Excel & SPSS for analyzing complex data
and interpreting the results generated by the tools.
Course Outcomes:
Students, who successfully complete this course, should be able to:
1. Remember the basic tools of collecting, presenting, analysing, , and interpreting data.
2. Demonstrate an understanding of descriptive statistics for solving business problems
3. Apply the statistical software packages for computations with data
Course Contents:
Module Session Topic & Reading/s
No. No./s
I 1 -4 Introduction to Statistics: Statistics in business, Importance and Functions of Statistics,
Types of Data, Data Measurement. Hands-on Practice on Excel & SPSS
Case: Collection of Student Demographic Data
Descriptive Statistics: Tabular and Graphical Presentation: Summarizing Qualitative
Data, Summarizing Quantitative Data, Scatter Diagrams.
Case: Managing Employee Retention, HARVARD
Readings:
o Anderson D.R., Sweeny D.J., Williams T.A. (2012). Statistics for Business
and Economics (11 e). Cengage Learning Publication. Chapter1 & 2
1
o Black Ken (2015). Applied Business Statistics (7 ed.). Wiley, Chapter1 & 2
II 5-8 Describing Data through Statistics Measures of Central Tendency : Ungrouped Data,
Measures of Variability: Ungrouped Data, Measures of Central Tendency and Variability:
Grouped Data, Measures of Shape.
Descriptive Statistics using software on Student Demographics
Cases: GoodBelly-Using Statistics to Justify the Marketing Expense, HARVARD
Readings:
o Anderson D.R., Sweeny D.J., Williams T.A. (2012). Statistics for Business
and Economics (11 e). Cengage Learning Publication. Chapter 3
o Black Ken (2015). Applied Business Statistics (7 ed.). Wiley, Chapter 3
III 9-10 Probability: Concepts of Probability, Experiments and Sample Space, Assigning
probabilities to Experimental Outcomes, Events and their Probabilities, Some basic
Relationships of Probability
Readings:
o Anderson D.R., Sweeny D.J., Williams T.A. (2012). Statistics for Business
and Economics (11 e). Cengage Learning Publication. Chapter 4
o Black Ken (2015). Applied Business Statistics (7 ed.). Wiley, Chapter 4
X 11-12 Assessments & Presentations
Instructional methods:
The teaching methodology used in this course will be a judicious mix of lectures, case analysis & discussions,
as well as presentations by the students. The pedagogical strategy adopted for this course is a combination of
class lectures to present an overview of business analytics and industry infrastructure from a corporate and
vocational perspective, and case studies to reinforce materials covered in lectures and focus on applications of
analytics techniques. More emphasis will be laid on case analysis, assignments and project study. Projects are
expected to be prepared within groups prior to the class. Class participation is an important of learning
process. Discussions are encouraged to reach conclusions to the critical judgment of situation by individual
and the class.
Recommended readings:
Suggested Text:
• Anderson D.R., Sweeny D.J., Williams T.A. (2012). Statistics for Business and Economics (11 e). Cengage
Learning Publication.
Additional refrences:
• Black Ken (2015). Applied Business Statistics (7 ed.). Wiley
• Bajpai N. (2013). Business Statistics. Pearson Publication.
• Newbold P., Carlson W.L., Throne B (2013). Statistics for Business and Economics (6 ed.), Pearson
Publication.
• Levin R.I., Rubin D.S., Rastogi S., siddiqui M.H.(2016). Statistics for Management (7 ed.), Pearson
Publication
2
Prescribed Coursera Online Courses
• Basic Statistics: University of Amsterdam
• Business Statistics & Analysis: RICE University
Journal / Magazine References:
1) Harvard Business Review
2) IIMB Review, Journal of IIM-Bangalore
Assessment plan:
Specific Assessment Method Weight Course Outcomes to be Assessed
(flexible)
CO-1 CO-2 CO-3 CO-4
Group Project and Presentation 15% ✓ ✓ ✓ ✓
Class Participation 05% ✓ ✓ ✓
Quiz 10% ✓ ✓ ✓ ✓
Examination 20 % ✓ ✓ ✓
Group project guidelines:
Group projects will be allocated to the students by 2nd or 3rd lecture. Each group will comprise of 4-5 students.
1. Each student will be evaluated on the basis of individual contribution and team work.
2. Team performance will be judged on the basis of presentations, content, new ideas, time management, impact of
the subject presentation, queries handled.
