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Statistics Course Outline

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Bahria University
Bahria Institute of Management & Computer Sciences Karachi Campus
Course Title: Statistical Inference
Course Code: QTM 220
Credit Hours: Three
Semester: 3rd Semester
Prerequisite: QTM 160

Aims and Objectives:
This main objective of this course is to provide wide application f the statistical tools in business management. It is also aims at to impart in-depth and rigorous knowledge to the business students to inculcate academic excellence in various fields of research and development, with special reference to business management. In addition it will provide necessary statistical knowledge and wide rage of ways to analyze data, which will improve the students statistical analytical and decision making skills.

Session Lecture Outline Learning Objectives
01 Basic Probability and Discrete Probability Distributions
 Simple Probability To develop an understanding of basic probability concepts
To introduce conditional probability
To use Bayes’ Theorem to revise probabilities in light of new information
To provide an understanding of the basic concepts of discrete probability distributions and their characteristics
To develop the concept of mathematical expectation for a discrete random variable
To introduce the covariance and illustrate its application in finance
To present applications of the binomial distribution in business
To present applications of the Poisson distribution in business

02  Counting Techniques
03  Continued
04  Conditional Probability
05  Discrete probability distribution.
06  Mathematical Expectation of Discrete Random Variable 07  Properties of mean and variance of a discrete random Variable.
08  Binomial Distribution.
09  Poisson Distribution.
10. The Normal Distribution and Sampling Distribution
 Introduction
 Mathematical Models of Continuous Random Variables To

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