This course introduces students to the statistical techniques that may be used in the upcoming courses in business analytics. It focuses on how a sample should be taken, how data may be visualized, how to measure the central tendency of data, different types of hypothesis testing,regression analysis, finding relationship and finally discusses some advanced techniques.
COURSE OBJECTIVES
The course enables students to
1. Learn how to analyse statistical data properly.
2. Understand the role of formal statistical theory and informal data analytic methods.
COURSE OUTCOMES
On completion of this course, the students will be able to
CO1: Choose a suitable statistical analysis technique for a given scenario/ problem
CO2: Able to draw meaningful inferences from the statistical analysis.
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