SOM 120 Basic Business Statistics Ticket # 13341 Spring 2016 Dr. Ahmad Vessal Time: F 9:00-11:45 AM JH 1230 Office: JH4130 Office Hours: MW 11:15 AM-12:15 PM, 2:15-3:15 PM, F 11:45-12:15 PM or by appointment Office Telephone: (818) 677-5921 E-mail ahmad.vessal@csun.edu Website http://www.csun.edu/~hcmsc002 Textbook: Essentials of Statistics for Business and Economics, by Anderson, Sweeney and Williams, Revised, 7th ed. 2015. To purchase book you can visit: http://www.cengagebrain.com/course/1-23YLVQI Prerequisite: MATH 102 or 103 or 105 or 150A or 255A Course Description Basic elements of statistics for students in business and economics. Descriptive statistics, elements of probability, probability distributions (including normal), sampling distributions, statistical inference for means and proportions (including estimation and hypothesis testing), simple linear regression and correlation. Applications of these topics in business and economics are emphasized. The course requires assignments in which students are required to explain the results of statistical computations using personal computer software. Learning Goals The three main learning goals of the course are: Students should be able to recognize the statistical problems Students should be able to statistically analyze data in support of solving business problems. Students should have the written communication skills to interpret and explain the results of their analysis to management. The learning goals are enhanced by including recent trends in the field, practical learning experiences, and ethical issues in statistics and through practical learning experiences. Statistical Analysis Case Study There is a two-part team project (team of 2) involving a decision problem with statistical data. Students are required to enter data into Excel and perform descriptive statistics (including histograms) and simple linear regression, including hypothesis testing and write a consultant’s report (suggested length of 3 to 5 pages), with their analysis and recommendations. This is mandatory for all students. Homework: There will be weekly homework assigned using the APLIA. Homework will be due every Thursday at 11:59 PM. The homework is worth 10 points. The software does not understand excuses. Do your assignments early to keep last minute emergencies from getting in your way. Practical Applications The course provides practical applications of statistics by drawing on real-world applications and recent examples of issues. Ethics The course addresses ethics issues in various areas of statistics. For example, recent ethics issues include concealing data or health hazards from customers. Students will be expected to identify ethical issues in these and other areas. EXAMINATIONS There will be three exams. Each exam consists of problems or small cases similar to those we do in the class. After carrying out the necessary calculations, your answer must include numerical findings, graphical displays as appropriate, and an interpretation of the findings and recommendations for management action. All exams are closed book but a page of formulas will be provided. PERFORMANCE EVALUATION I use several methods to monitor your performance including examinations, homework, class participation, presentations, and the project. I weigh these as follows: First Exam Second Exam Computer Project Homework (Aplia) Final Exam 25% 25% 10% 10% 30% If your grade on the final exceeds your midterm scores, the final exam will be counted 40% and midterm scores 20% each. I use the following grading system: A AB+ B BC+ C CD F 93-100 90-92 85-89 80-84 75-79 70-74 65-69 60-64 50-59 0-49 Scholarly work; DEFINITELY SUPERIOR Superior A little above solid work Solid work Deficient in one critical area Deficient in two or more critical areas Lacks understanding of the process Poor Very poor Failing Tentative Schedule of Class Sessions: Week Topic Chapter(s) 1 Introduction to Statistics 1 2 Tables and Graphs 2 3 Measures of Central Tendency and Dispersion 3 4 Probability 4 5 First Exam (Friday Feb. 26) 6 Discrete Probability Distributions 5 7 Continuous Probability Distributions 6 8 Sampling Methods and Sampling Distributions 7 9 Interval Estimation 8 10 Second Exam (Friday April 8) 11 Hypothesis Testing 9 12 Comparisons Involving Means 10 13 Comparisons Involving Proportions 11 14 Regression Analysis 12 15 Regression Analysis 13 16 Final Exam Friday May 20 (8:00-10:00 AM) *Policy on Academic Dishonesty: University rules prohibit cheating, fabrication, facilitating the academic dishonesty of another student, and plagiarism. If you engage in any of these activities in this class, you can expect to receive a failing grade. A letter will be sent to the appropriate campus officials. “Cheating or plagiarism in connection with an academic program at a campus is listed in Section 41301, Title V, California Code of Regulations, as an offense for which a student may be expelled, suspended or given a less severe disciplinary sanction.” *Drop Policy: According to University policy, non-attendance does not constitute withdrawal; to withdraw from this class you must file a drop form with the University. If you fail to attend this class, and you do not formally drop the class, a "WU" (unauthorized withdrawal), the equivalent of a failing grade, will be recorded. * During the first three weeks of instruction, students may withdraw online. After Friday, Feb.12, drops are not permitted. Exceptions are granted or denied by the Office of Undergraduate Studies if there is a "serious and compelling reason" and "there is no viable alternative" (a viable alternative includes taking a failing grade and repeating the course). Changes in work schedule, etc., will generally not be considered a sufficient reason. "Complete Medical Withdrawals" (all classes are dropped due to medical problems—yours or those of someone you care for) are processed by the Health Center. *Incompletes: A grade of "Incomplete" will only be assigned when most of the course has been completed with a passing grade. This is only permitted when unforeseen circumstances arise that preclude finishing course work related to a class. According to University policy, an incomplete may not be assigned when a student would have to retake a course. *Center on Disabilities: http://www.csun.edu/cod/studentservices.htm, 818.677.2684, Bayramian Hall 110. The Center on Disabilities serves students with a wide range of visible and hidden disabilities, in a confidential environment. Students are encouraged to meet with the professional staff and explore the services available to support their academic, career and personal goals. Discover accommodations and strategies for help with disabilities in an academic setting. How to access your Aplia course Vessal, SOM 120, Friday,Spring 2016 Instructor: Ahmad Vessal Start Date: 01/25/2016 What is Aplia? In just 10 years, more than one billion answers have been submitted through Aplia, the premier online assignment solution. Millions of students use Aplia to better prepare for class and for their exams. Join them today! Registration 1. Connect to http://login.cengagebrain.com/course/M88W-MNC6-7YK5 2. Follow the prompts to register for your Aplia course. Payment After registering for your course, you will need to pay for access using one of the options below: Online: You can pay online using a credit or debit card, or PayPal. Bookstore: You may be able to purchase access to Aplia at your bookstore. Check with the bookstore to find out what they offer for your course. Free Trial: You can access Aplia until 11:59 PM on 02/14/2016 during your free trial. After the free trial ends you will be required to pay for access. Please note: At the end of the free trial period, your course access will be suspended until your payment has been made. All your scores and course activity will be saved and will be available to you after you pay for access. If you already registered an access code or bought Aplia online, the course key to register for this course is: M88W-MNC6-7YK5 System Check To check whether your computer meets the requirements for using Aplia, go to http://www.aplia.com/support/config.jsp