Business Statistics

By Prof. Mukesh Kumar Barua   |   IIT Roorkee
Learners enrolled: 3980
About the course:
This course will introduce you to business statistics, or the application of statistics in the workplace. Statistics is a course in the methods for gathering, analyzing, and interpreting data. You’ll also explore basic probability concepts, including measuring and modeling uncertainty, and you’ll use various data distributions, along with the Linear Regression Model, to analyze and inform business decisions.

INTENDED AUDIENCE : Students of B.Tech. M.Tech, PhD and working professionals

Course Status : Completed
Course Type : Elective
Duration : 12 weeks
Category :
  • Management Studies
  • Managerial Economics
  • Operations
Credit Points : 3
Level : Undergraduate/Postgraduate
Start Date : 23 Jan 2023
End Date : 14 Apr 2023
Enrollment Ends : 06 Feb 2023
Exam Registration Ends : 17 Mar 2023
Exam Date : 29 Apr 2023 IST

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1  :  Introduction, data collection and presenting data in tables 
Week 2  :  Numerical descriptive measures and basic probability
Week 3  :  Discrete and continuous probability distributions
Week 4  :  Sampling and sampling distributions 
Week 5  :  Confidence interval estimation
Week 6  :  One sample tests and hypothesis testing
Week 7  :  Two sample tests means
Week 8  :  Two sample tests proportions and variance
Week 9  :   ANOVA
Week 10  :  Chi-Square tests 
Week 11  :  Simple linear regression 
Week 12  :  Multiple regression basics

Books and references


Instructor bio

Prof. Mukesh Kumar Barua

IIT Roorkee
Dr. M.K. Barua is an Associate Professor at Department of Management Studies, Indian Institute of Technology Rooorkee. He is also seconded faculty Asian Institute of Technology (AIT) Bangkok and Defense Engineering College, FDRE’s Metals and Engineering Corporation, Ethiopia. Also he is visiting faculty at IIM Sirmaur and IIM Rohtak. His research interest includes Operations management, project management and supply chain management. He has published more than 100 research papers in international journals of repute

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 
29 April 2023 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.


Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Roorkee.It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

MHRD logo Swayam logo


Goto google play store