Business Case Studies, Organizational Behavior Case Study, Strategy, Operating Strategies Case Studies

print page
Tell A Friend
Bookmark

Quantitative Methods Case Study

IBS CDC IBS CDC IBS CDC IBS CDC RSS Feed
Case Title:

Priya’s Probability of Getting into a B-School

Publication Month and Year : July 2009

Authors: RagaSravanthi Vemulavada & R Muthukumar

Industry: Not Applicable

Region: India

Case Code: QM0005

Teaching Note: Available

Structured Assignment: Not Available


OR





Abstract:
This case study is written for understanding the conditional probability concept covering primarily the Bayes Theorem. This case study, written from generalised experiences, revolves around a student seeking admission into one of the top-tier, ranked business schools in the country. Fortunately for Priya (the student seeking MBA admission) the business school rankings are available for the last few years including the current year. Unfortunately, the business school rankings were done by different agencies and therefore different business schools were ranked differently by different agencies. Priya tries to analyse these rankings to get admission in any one of them. Students can be asked to evaluate the chances of Priya getting admission into one of the business schools, using the concept of probability and Bayes Theorem.

Pedagogical Objectives:

  • To understnad the concept of Conditional Probability in the B-Schools selection criteria.
  • To understand the concept of Bayes’ theorem and discuss on the scope of business applications.

Keywords : Quantitative Methods; Decision Science; Analysis; Probability; Statistics; Decision Dilemma; B-School; MBA Course Case Mapping; Business Statistics; Quantitative Methods; Course Case Mapping

 

Related Links

Useful links

Currency Exchange Rates

Case Study :
   INR 200 = USD ($)

Structured Assignment:
   INR 150 = USD ($)

Teaching Note :
   INR 400 = USD ($)
c

Ad

Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501 504, Andhra Pradesh, INDIA.
Mob: +91- 9640901313, Phone: +91 - 08417 - 236672, Fax : + 91 - 08417 - 236674
E-mail: casehelpdesk@ibsindia.org

©2003-2013 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap