Eco 250: Economic and Business Statistics I
Spring 2016
Instructor: Prof. Marie Hull
Bryan 445
mchull2@uncg.edu
(336) 334-5364
Office hours: Wednesday 3:30-4:30pm and by appointment
TA: Ian Mikkelsen
Bryan 103
immikkel@uncg.edu
Office hours: Monday 3:30-4:30pm and by appointment
Lecture: MW 2-3:15pm
Bryan 105
Learning Objectives
1.
2.
3.
4.
5.
6.
Calculate and interpret common measures of central tendency and dispersion
Use probabilities and probability distributions to assess the likelihood of events
Estimate parameters of common discrete and continuous probability distributions
Understand sampling, sampling distributions, and the Central Limit Theorem
Calculate and interpret confidence intervals for population means
Perform hypothesis tests for population means and understand the consequences of errors
in tests
Course materials
Business Statistics (2nd ed.) by Robert A. Donnelly, Jr.
ISBN 978-0321925121
An electronic copy of the text is included with the purchase of MyStatLab access. If you prefer to
have a hard copy of the text or do not have consistent access to the Internet, you may buy one
through the university bookstore or another textbook retailer. You may purchase a copy of the
textbook with or without a MyStatLab access code.
MyStatLab
You will complete your homework assignments through MyStatLab. The course’s Canvas site is
set up so that you can register for MyStatLab directly. You may use MyStatLab for free for 17
days before you must pay.
1
Grading
Midterm 1
Midterm 2
Final
Homework
Participation
February 17
March 30
May 4, 12-3pm
Every 1-2 weeks
Ongoing
20%
20%
40%
15%
5%
Exams: The two midterm exams will cover the material corresponding that section of the
course. The final exam will be cumulative. I do not offer makeup exams and will only excuse
your absence from an exam in extreme circumstances. You may use a calculator on the exams.
Bring a scientific (non-graphing) calculator, or you may bring a TI-83 or TI-84 series calculator
as long as you allow me to clear any programs.
Homework: Homework assignments will be due every 1-2 weeks. I will drop your two lowest
homework scores. Late homework will not be accepted for any reason.
Participation: Throughout the semester, I will give participation quizzes. These quizzes will take
place at the end of class and will cover material from that class period’s lecture. You get halfcredit for turning the quiz in and full-credit for answering the quiz question correctly.
Academic Integrity Policy
Students are expected to know and abide by UNCG’s Academic Integrity Policy in all matters
pertaining to this course. Violations will be pursued in accordance with the policy. For more
information, see: http://sa.uncg.edu/handbook/academic-integrity-policy/
Faculty and Student Guidelines
Please familiarize yourself with the Bryan School’s Faculty and Student Guidelines. These
guidelines establish principles and expectations for the administration, faculty, staff, and
students of the Bryan School of Business and Economics. You can find the document at http://
bae.uncg.edu/wp-content/uploads/2012/08/faculty_student_guidelines.pdf.
2
Course Outline
Week
Monday
Wednesday
January 11
Intro to Business Stats
Ch. 1
Descriptive Statistics
Ch. 3
January 18
MLK Day
Descriptive Statistics
Ch. 3
January 25
Descriptive Statistics
Ch. 3
Descriptive Statistics
Ch. 3
February 1
Discrete Probability Distributions
Ch. 5
Discrete Probability Distributions
Ch. 5
February 8
Discrete Probability Distributions
Ch. 5
Discrete Probability Distributions
Ch. 5
February 15
Continuous Probability Distributions
Ch. 6
Midterm I
February 22
Continuous Probability Distributions
Ch. 6
Continuous Probability Distributions
Ch. 6
February 29
Sampling Distributions
Ch. 7
Sampling Distributions
Ch. 7
March 7
Spring Break
Spring Break
March 14
Sampling Distributions
Ch. 7
Sampling Distributions
Ch. 7
March 28
Confidence Intervals
Ch. 8
Midterm II
April 4
Confidence Intervals
Ch. 8
Confidence Intervals
Ch. 8
April 11
Confidence Intervals
Ch. 8
Hypothesis Testing
Ch. 9
April 18
Hypothesis Testing
Ch. 9
Hypothesis Testing
Ch. 9
April 25
Hypothesis Testing
Ch. 9
Reading Day
May 2
Final Exam (12-3pm)
Note: This schedule is subject to change.
3