COURSE INFORMATION
Code
Course Title
Semester
L+P+L Hour
Credits
ECTS
Spring
3+0+0
3
5
BUSINESS STATISTICS
Prerequisites
-
Language of
Instruction
English
Course Level
Masters
Course Type
Compulsory
Course Coordinator
Instructors
Assistants
Goals
Content
The objective of the course is to provide students with knowledge of
statistical methods to develop practical skills to analyze business data
and to make inferences about the population using the sample data for
making decisions in business life.
Data collection tools, data types, graphs, numerical measures,
probability, discrete and continuous probability distributions, sampling
distributions, confidence interval estimation, hypothesis testing for one
and two populations, hypothesis tests for population variances,
ANOVA, correlation, simple linear regression, multiple linear
regression, SPSS or Minitab demonstrations.
Program
Learning
Outcomes
Teaching
Methods
Assessment
Methods
Knows data collection tools and data types.
1,8,18
1,2
1
Knows how to use graphs and numerical measures
to learn about the data.
1,8,18
1,2
1
Knows how to calculate probabilities.
1,8,18
1,2
1
Recognizes and identifies discrete and continuous
probability distributions / Knows how to use the
standard normal table.
1,8,18
1,2
1
Knows how to calculate probabilities concerning
the sample mean.
1,8,18
1,2
1
Knows how to form confidence intervals for the
population mean and determine the required
1,8,18
1,2
1
Learning Outcomes
sample size for estimating the population mean.
Knows how to test a hypothesis for the population
mean.
1,8,18
1,2
1
Knows how to form confidence intervals for two
population means and test a hypothesis for two
population means.
1,8,18
1,2
1
Knows how to test a hypothesis for one and two
population variances.
1,8,18
1,2
1
Knows how to test the equality of the means of
three or more populations (one-way ANOVA).
1,8,18
1,2
1
Knows correlation and how to form simple and
multiple linear regression models.
1,8,18
1,2
1
1,8,10,18
1,2
Has experience in using the software package
SPSS or Minitab.
Teaching Methods
Assessment Methods
1: Lecture, 2: Question-Answer
1: Testing
COURSE'S CONTRIBUTION TO PROGRAM
Contribution
No Program Learning Outcomes
1 2 3 4 5
1
Students should possess the sufficient knowledge, discipline and
responsibility to be able to conduct an independent study/project/research
and a comprehensive research and/or project report.
2
Students should be able to fulfill their responsibilities in teams and
projects in businesses as well as being able to act as a leader.
3
Students should be able to design and plan projects to achieve
organizational goals and objectives and/or improve organizational
performance.
4
Students should be able to critically evaluate the body of knowledge in the
fast changing global business administration arena and the specialization
areas (management and organization, accounting and finance, information
technology, operations management and marketing), assess selfcompetency, and direct self-learning efforts accordingly.
x
5
Students should understand the importance of life-long learning and self
assessment to maintain their personal and professional development.
x
6
Students should understand that the rapidly-evolving dynamics of national
and global environments requires flexible thinking, adaptability, and the
ability to formulate innovative solutions to pursue a successful career.
x
7
Students should be able to effectively communicate in written or oral
English with people from diverse backgrounds, and should have the x
English proficiency to follow and interpret the global dynamics that shape
x
the business administration and the specialization areas (management and
organization, accounting and finance, information technology, operations
management and marketing).
8
Students should be able to clearly and effectively convey their knowledge,
ideas, research, and conclusions supported with relevant data, in
national/international interdisciplinary academic and professional settings
in Turkish or in English.
9
Students should understand the importance of respect for individual and
cultural diversity, and should be able to emphatically interact with
individuals from diverse cultural backgrounds in social and professional
settings.
Students should be able to effectively utilize computer, communication
and information technologies commonly used in business administration
10
and specialization areas (management and organization, accounting and
finance, information technology, operations management and marketing).
x
x
Students should understand the standards of personal, professional and
social ethics, evaluate the ethical implications of various practices related
11
to the area of business administration, and have awareness of the
importance of ethical behavior in adding value to society.
Students should understand the personal, social and ecological dimensions
12 of social responsibility and have the awareness that being socially
responsible is an active citizenship duty of each and every individual.
Students should know that universality of social rights and social justice
are the principle components of contemporary society and that scientific
13
thinking is an essential prerequisite for maintaining social advancement
and global competitiveness.
Students should understand the importance of quality, safety and health
management, corporate social responsibility, personal, professional and
14
cross-cultural respect and professional ethics in maintaining
organizational sustainability.
Students should possess the essential body of knowledge in the area of
business administration and the specialization areas (management and
organization, accounting and finance, information technology, operations
management and marketing); including the state-of-the-art concepts,
15 theories and models, historical evolution of the discipline, the scientific
methodology in general, and the research tools and techniques utilized in
their discipline, in particular. Students should know how to access, select
and effectively utilize sources of knowledge in the business administration
area for further development.
Students should grasp core theories and concepts in the academic
disciplines closely related with business administration and the
specialization areas (management and organization, accounting and
16
finance, information technology, operations management and marketing);
such as law and economics, and understand the global dynamics that
shape their discipline.
x
Students should be able to think critically, utilize conceptual and applied
knowledge in the area of business administration and the specialization
areas (management and organization, accounting and finance, information
17 technology, operations management and marketing) to analyze an
organizational environment, understand organizational processes, identify
relationships among system components, diagnose underlying problems
and make recommendations.
x
Students should be able to use the concepts, theories and methodologies
of the area of business administration in order to employ the appropriate
18
tools and techniques to collect and analyze quantitative and qualitative
data, interpret results, draw inferences and propose solutions.
x
Students should understand the interdependency and interrelationship
19 among disciplines, be able to relate and synthesize knowledge from
diverse disciplines and draw novel conclusions.
COURSE CONTENT
Week Topics
Study Materials
1
The Where, Why, and How of Data Collection
Textbook Ch. 1
2
Graphs, Charts, and Tables – Describing Data
Textbook Ch. 2
3
Describing Data Using Numerical Measures
Textbook Ch. 3
4
Using Probability and Probability Distributions
Textbook Ch. 4
5
Discrete Probability Distributions (Binomial Distribution)
Textbook Ch. 5
6
Continuous Probability Distributions (Normal Distribution) Textbook Ch. 6
7
Midterm Exam
Textbook Ch. 1,2,3,4,5,6
8
Introduction to Sampling Distributions
Textbook Ch. 7
9
Estimating Single Population Parameters
Textbook Ch. 8
10
Introduction to Hypothesis Testing
Textbook Ch. 9
11
Estimation and Hypothesis Testing for Two Population
Parameters
Textbook Ch. 10
12
Hypothesis Tests and Estimation for Population Variances
Textbook Ch. 11
13
Analysis of Variance
Textbook Ch. 12
14
Introduction to Linear Regression and Correlation Analysis, Textbook Ch. 14,15
Multiple Regression Analysis and Model Building
15
16
SPSS or Minitab demonstrations
Textbook Ch. 1,2,3,4,5,
6,7,8,9,10,11,12,14,15
Final Exam
RECOMMENDED SOURCES
Groebner, Shannon, Fry, and Smith, Business Statistics: A DecisionMaking Approach, 8th Edition, 2010, Prentice Hall.
Textbook
Additional Resources -
MATERIAL SHARING
Documents
Slides used during lectures
Assignments
Exams
One midterm-exam, one final exam
ASSESSMENT
IN-TERM STUDIES
NUMBER
PERCENTAGE
Mid-terms
1
40
Homework
Total
40
CONTRIBUTION OF FINAL EXAMINATION TO
OVERALL GRADE
CONTRIBUTION OF IN-TERM STUDIES TO
OVERALL GRADE
60
40
Total
COURSE CATEGORY
100
Compulsory Courses
ECTS ALLOCATED BASED ON STUDENT WORKLOAD
Activities
Total
Duration
Quantity
Workload
(Hour)
(Hour)
Course Duration (Including the exam week: 16 x Total course
hours)
16
3
48
Hours for off-the-classroom study (Pre-study, practice)
16
4
64
1
10
10
Homework
Mid-terms
Final examination
1
10
10
Total Work Load
132
Total Work Load / 25 (h)
5.28
ECTS Credit of the Course
5