ADMAS UNIVERSITY
FACULTY OF BUSINESS
DEPARTMENT OF BUSINESS MANAGEMENT
COURSE OUTLINE
Course Title Basic Statistics
Course Code STAT 2011
Credit Hours 2
Prerequisite No Prerequisite
Program BA Degree in Accounting and Finance
Academic Year
Instructor Name
Course Coordinator
Department Head
Course Description It is a course in basic statistics with statistical methods, and statistical
inference which have become useful tools in every field of knowledge.
The former generally describes the group characteristics of the particular
data, and the latter describes the judgments based on statistical analysis.
Besides, it includes Introduction; data collection and presentation;
measures of central tendency and dispersion; Probability and probability
distribution
Course Objective The course intended to:
Familiarizes students with basic concepts of statistics
Equip student with statistical skills and use these skills in accounting
and finance applications.
Enable the students to develop an ability to apply statistics in
managerial decision making.
Understand data collection and presentation methods
Discuss measures of central tendency and dispersion
internalize probability and probability distribution concepts
Teaching and Lecture, Class and Homework, Group Discussion, Worksheet Exercises
Learning Methods Solving, Tutorial and Reflection
COURSE CONTENTS
Chapter Topic Allotted time
1 INTRODUCTION 6 hrs
1.1. Definition of Statistics
1.2. Classification of Statistics
1.3. Application of Statistics
2 DATA COLLECTION AND PRESENTATION 8 hrs
2.1. Data Collection
2.1.1. Classification of Data
2.1.2. Methods of Data Collection
2.2. Tabular Methods of Data Presentation
2.2.1. Frequency Distributions (Absolute, Relative and
Cumulative Distributions)
2.3. Graphic Methods of Data Presentation
(Histograms, Polygons, Ogive, Pie-Charts, Bar and Line
Graphs)
3 MEASURES OF CENTRAL TENDENCY AND 8 hrs
DISPERSION
3.1. The Use of Summation Notation
3.2. Central tendency measures
3.3. Measures of dispersion
4 PROBABILITY AND PROBABILITY DISTRIBUTION 10hrs
Probability Theory
4..1. Basic definitions
4..2. Fundamental concepts: - experiment and event,
events and their relationships, conditional, joint, the
probability tree, Baye' s Theorem.
Probability Distribution
4..1. Definition of Probability and probability
distribution
4..2. Basic concepts- discrete and continuous random
variables, expected value and variance of discrete
random variables
4..3. Discrete probability distributions (Binomial,
Hyper-geometric and Poisson Distributions).
4..4. Continuous probability distributions (Normal
Distributions.)
Roles of the Instructor He/she will come to the class regularly on time and deliver the lecture in a
well-organized manner. Besides, at the end of each class he/she gives
reading assignment for the next class. He/she will make sure that a proper
assessment is given. He/she is also responsible to give feedback for each
assessment
Roles of the students The success of this course depends on the students‟ individual and
collective contribution to the class discussions. Students are expected to
participate voluntarily, or will be called upon, to contribute to set exercises
and problems. Students are also expected to read the assigned readings and
prepare the cases before each class so that they could contribute effectively
to class discussions. Students must attempt assignments by their own.
Proficiency in this course comes from individual knowledge and
understanding. Copying the works of others is considered as serious offence
and leads to disciplinary actions
Teaching Learning Methods
Lecture,
Group discussion,
Problem solving,
Worksheet exercise,
Individual and group reflections,
Tutorials.
Assessment Methods
Assessment Chapters (Topics) to be Weight
covered
Assessment I: Test 1 Chapters 1 10%
Assessment II: Test 2 Chapter 2 10%
Assessment III: Individual Assignment Chapter 4 10%
Assessment IV: A)Group Assignment All chapters 10%
B)Presentation of 10%
Group Assignment
Final Exam All chapters 50%
Total Points 100
Text:
Smith (2010), Managerial Statistics, Pearson USA.
Gupta, C.B. And Gupta, V. (2004). An Introduction to Statistical
Methods.
References:
Robert D. Mason and douglas A. Lind (1998.)Statistical Techniques in
Business and Economies, 7thed. Irwinsnc
Lawrence [Link], (1987). Statistics for Modern Business Decision. Harcourt
Race Joranovich INC,
David F. sharp. (1987) Statistics for Social Science, Little, Brown and
company, Sonston Toronto-
Moms Hamburg (1986) Basic Statistics: Tohn Wikky & Sons,
Sp. Gupta M.T Guta, Business Statistic ; New Delhi-India,
John R. Stocking and Charles [Link], Introduction to Business & Economics
Statistics, South Western Publishing co. 1974.
