Coming soon
Applied Statistics
This course is meant for exposing the students to the concepts of Statistical Quality Control and their applications, index number, and demand analysis.
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Course |
Learning outcomes (at course level |
Learning and teaching strategies |
Assessment Strategies
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Paper Code |
Paper Title |
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STT422(A)
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Applied Statistics (Theory)
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The students will be able to –
CO89: In-depth knowledge of theoretical and practical aspects of SQC and understanding of the link between SQC and business analysis. CO90: How to interpret and use a range of index numbers commonly used and also to understand other indices used in the business sector. CO91: Understand the basic structure of the Consumer Price Index (CPI) and perform calculations involving its use. CO92: Students will demonstrate their ability to apply statistics in other fields at an appropriate level and demonstrate their ability to apply knowledge acquired from their major to real world models. |
Approach in teaching: Interactive Lectures, Group Discussion, Classroom Assignment Problem Solving Sessions
Learning activities for the students: Assignments Seminar Presentation Subject based Activities
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Classroom Quiz Assignments Class Test Individual Presentation |
Control-Charts: Concept and construction of control charts for variables and attributes and their OC Curve. Modified control limits. Acceptance Sampling Plans by Attribute: AQL, AOQL, Producer’s Risk and Consumer Risk. Rectification and their O.C. function, ASN and ATI .
Single and double sampling plans and their mathematical analysis. Idea of Standard sampling tables: Dodge and Romig tables. Sampling Inspection Plans for Variables: One sided specification standard (Known and Unknown Cases), two sided specifications (for known standards).
Multivariate control chart: CUSUM charts, EWMA chart –Use of these charts for prediction. CUSUM, EWMA for controlling process variability. Comparison of these charts with Shewart charts
Process Capability analysis: Meaning, Estimation technique for capability of a process – Capability Indices: Process capability ratios Cp; Cpk, Cpm, Cmk, Cpc – Process capability analysis using a control chart – Process capability analysis using design of experiments, Gage and measurement system capability studies
Index Number : Meaning and uses, problem in the construction of index numbers, price relatives, quantity and value relatives. Fixed base and chain base index numbers. Laspeyers, Paasche’s, Marshall-Edgeworth and Fisher’s ideal index numbers. Test for index numbers. Base shifting, Construction of cost of living index and Whole-sale price index. Theory and analysis of consumer demand, estimations of demand function. Demand and income elasticity. Income Distributions: Pareto’s law of income distributions. Engle’s curve, curves of concentration.
- Cowden, D.J. (1957): Statistical Methods in Quality Control, Prentice Hall of India.
- Duncan, A.J. (1986): Quality Control and Industrial Statistics, 5th Ed. Irwin Book Co.
- Grant E.L. & Leavenworth, R.S. (1996): Statistical Quality Control, 7th Ed. McGraw Hill.
- Montgomery, D.C. (2019): Introduction to Statistical Quality Control, 5th Ed. John Wiley.
- Wetherhil, G.B. (1977): Sampling Inspection and Quality Control, Halsted Press.
- Biswas, S. (2008): Statistics of Quality Control, New Central Book Agency.
