Introduction to Business Statistics

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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
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