Introduction to Business Statistics BUSSTAT 207 Spring 2013 Section 005 Tu Th 3:00 to 4:15 pm MBEB 1107 INSTRUCTOR: Dr. Thomas Cavaiani Office: MBEB 2223 Phone: 426-2482 Office Hours: TuTh 11:30 - 1:30 pm E-mail: tcavaiani@boisestate.edu Course Objectives: This course introduces you to the basic concepts of statistical analysis with an emphasis on how statistical tools are applied to assist in business decision-making. The course will cover the basic tools used to describe data for the purposes of transforming data into information. In addition, the course will present the fundamentals of statistical inference showing how it is possible to examine a small subset of data to reach conclusions about the larger set of data. The statistical tools will be introduced from an applied perspective using many business related examples. Students will use Microsoft Excel software to aid in their statistical analysis. Text: Business Statistics: A Decision-Making Approach 8th Edition. Groebner, Shannon, Fry, and Smith. Prerequisite: ITM 104-105 or successful completion of the prerequisite bypass exam Co-requisite: Math 160 (Math 143 is the prerequisite for Math 160) Useful Links: Chapter Student Resources Website http://wps.prenhall.com/bp_groebner_busstats_8/ MyStatLab Student Resources: http://www.mystatlab.com There are now two myStatLab courses Cavaiani70879 (Fall 2012 Sec 004) and Cavaiani02224 (Spring 2013 Sec 005) Both of these courses are available until June 2013. Course Outline Week of Jan 21 Topic Course Introduction Chapter 1 The Where, Why, and How of Data Collection Jan 28 Graphs, Charts, and Tables – Describing Your Data Feb 4 Chapter 1 Exercises 2 - 58 even (Complete by Jan 30 at 3 pm) 2 Chapter 2 Sec 1 - 2.2, 2.4, 2.8, 2.14 a,b,c, 2.22 Sec 2 - 2.24 and 2.38 Sec 3 - 2.46, 2.48, and 2.58 3 Chapter 3 Sec 1 - 3.2, 3.4, 3.6, 3.8, 3.23 Sec 2 - 3.26 Sec 3 - 3.48, and 3.57 4 Chapter 4 Sec 1 - 4.9, 4.13, 4.22, 4.24 Sec 2 - 4.26, 4.28,4.32,4.34 Quiz 1 - Jan 31 Answers to Quiz 1 Quiz 1 Statistics Assignment Chapter 2 Homework Solutions Describing Data Using Numerical Measure Quiz 2 - Feb 7 Feb 11 Sample Problems for Chapter 3 Quiz 2 Results Introduction to Probability Sample Problems Feb 18 Quiz 3 - Feb 14 Introduction to Probability 4 Feb 25 Mar 4 Quiz 4 - Feb 21 Exam 1 (Chapters 1 - 4) Discrete Probability Distributions 5 Mar 11 Introduction to Continuous Probability Distribution 6 Chapter 5 Sec 1 - 5.5, 5.10, 5.15 Sec 2 - 5.22, 5.29, 5.31 Sec 3 - 5.50, 5.51, 5.52, 5.57, 5.66 Chapter 6 Mar 18 Quiz 5 - March 14 Introduction to Sampling Distributions 7 Quiz 6 - March 21 Apr 1 Spring Break - No classes Estimating Single Population Parameters 8 Quiz 7 - April 4 Apr 8 Exam 2 (Chapters 5 - 7) Apr 15 Estimating Single Population Parameters 8 Apr 22 Quiz 8 - April 18 Introduction to Hypothesis Testing 9 Apr 29 Estimation and Hypothesis Testing for Two Population Parameters 10 Quiz 9 - May 2 May 6 May 13 Estimation and Hypothesis Testing for Two Population Parameters Quiz 10 - May 9 Exam 3 (Chapters 8-10) 10 Sec 1 - 6.3, 6.5, 6.14 Sec 2 - 6.33, 6.35, 6.42 Chapter 7 Sec 1 - 7.6 Sec 2 - 7.24, 7.30 Sec 3 - 7.50, 7.55 Chapter 8 Sec 1 - 8.3, 8.6a, 8.8c, 8.10 Sec 2 - 8.30, 8.32b Sec 3 - 8.55 Chapter 9 Sec 1 - 9.12, 9.14 Sec 2 - 9.30, 9.33 Sec 3 - 9.48, 9.58b Chapter 10 Sec 1 - 10.10a Sec 2 - 10.21, 10.28a Sec 3 - 10.40, 10.44 Sec 4 - 10.56 Assignments and Quizzes: Exercises from your text book will be assigned. These assignments will provide a hands-on experience that will help you gain an understanding of the concepts covered in class. You are strongly encouraged to complete these exercises during the week that they appear in the course outline. These exercises will be reviewed in class approximately one week after they have been assigned. Chapter quizzes will be administered on Thursdays throughout the semester (See Course Outline). Quizzes cannot be made up if missed. Quizzes will be open-book, open-notes (when appropriate) and cover the assigned problems and class discussions. A calculator may be used for these quizzes. Evaluation: Instrument Exam 1 Exam 2 Final Exam Quizzes Total Points 100 100 200 150 550 No make-up exams will be administered. You must take the final exam and to receive a passing grade for the course. Grading Policy: Points 495 - 550 440 - 494 385 - 439 330 - 384 Below 330 Grade A B C D F Getting Help Business Statistics Tutoring Schedule Day Monday Time Place 10 - 11:30 am and 4 to 6 pm 9 am - 1:30 pm MBEB 2301 MBEB 2301 4 - 8 pm MBEB 1205 10 - 11:30 am and 4 to 6 pm MBEB 2301 9 am - 1:30 pm MBEB 2301 4 - 8 pm 10:30 am - noon MBEB 1205 MBEB 2301 noon - 2:30 pm MBEB 3016 Tuesday Wednesday Thursday Friday No tutoring during finals week Key Dates To Remember: Jan 28 Feb 4 March 4 Last Date to Add Without Permission Number Last Date to Add With Permission Number Late Date to Drop Without a “W” Last Date to Drop With a “W” or Completely Withdraw Hints for Success In This Course: 1. 2. 3. 4. Attend class and be involved Be prepared for class and bring all notes, books and a calculator to each class period Do as many chapter exercises as possible. Attend tutoring sessions if you are having difficulty in class