QM6640: Statistical Analysis for Managers

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QM6640: Statistical Analysis for Managers
Syllabus - Section TXWA
Fall Semester, 2011
SORRELL COLLEGE OF BUSINESS MISSION AND VISION STATEMENTS
Mission Statement
Through operations that span the State of Alabama, the United States, and the world, Sorrell College of Business
equips our students with the knowledge, skills, abilities and competencies to become organizational and community
leaders who make a difference in the global village and global economy. Through this endeavor, we serve students,
employers, faculty, and Troy University at large as well as the local and global communities.
Vision Statement
Sorrell College of Business will be the first choice for higher business education students in their quest to succeed in a
dynamic and global economy. Sorrell College of Business will create the model for 21st century business education
and community service.
INSTRUCTOR:
Wendy C. Bailey, Ph.D.
PREREQUISITE:
All business foundation courses or equivalent.
OFFICE HOURS:
Mondays 1:00 - 4:00pm
OFFICE LOCATION:
253 Bibb Graves Hall
OFFICE
TELEPHONE:
334-808-6327
334-670-3143 Secretary
EMAIL:
wcbailey@troy.edu (new email address!)
WEB SITE:
http://troy.blackboard.com
TIME & LOCATION:
Mondays, 5:30 - 8:15pm 201 Bibb Graves
COURSE
DESCRIPTION:
This course provides an in-depth study of the fundamental theories, concepts, and principles of
statistics. Coursework will include extensive use and application of statistical tools to analyzing
business data using statistics software. Topics covered include descriptive statistics, probability
distributions, sampling, estimation, hypothesis testing, ANOVA, and regression analysis.
COURSE
OBJECTIVES:
Upon completion of the course, the student should be able to:
1. Compute descriptive statistics from business data.
2. Describe common discrete and continuous probability distributions, and compute
probabilities for the various distributions.
3. Sample correctly and appropriately.
4. Estimate statistical parameters correctly.
5. Apply statistical hypothesis-testing procedures to business data.
6. Apply simple- and multiple-regression and forecasting techniques to business data.
7. Use statistical software to analyze business data.
8. Interpret results of statistical analyses and apply them to business decision-making.
PURPOSE:
To provide the statistical and computing tools necessary for managers’ analysis of business data
and business decision-making.
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TEXTBOOK:
Doane, D. & Seward, L., Applied statistics in business and economics. McGraw-Hill. 3rd edition,
2011. ISBN: 0077398238. (NOTE: Campus bookstore edition includes access code for Connect
Plus homework manager)
IMPORTANT: You need to ensure you have the third edition of the book as it has been revised
substantially. Older editions will not have the same problems nor will they have the same
numbers, and even some tables have been changed substantially.
OTHER
MATERIALS:

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

Connect homework manager access code (REQUIRED) - This is included in the textbook sold
at the bookstore. If you purchase a used book, you'll need to purchase an access code from
the Connect website. See Blackboard for the web site address.
iClicker (REQUIRED). ISBN 0-716779390. This device will be used to for daily quizzes and
must be brought to class each time in order to take the quizzes. The remotes can be
purchased at the bookstore or you may be able to buy a used one from a student on campus.
Microsoft Excel with MegaStat Add-in. This can be used in the computer labs on campus or
through your own personal copy. You will need this to do some of the homework or projects
assigned. Instructions given will be for MS Excel, so alternatives such as Open Office cannot
be used as it doesn't contain add-ins such as the Data Analysis Toolpak or MegaStat.
Various handouts will be posted in Blackboard. Students should check Blackboard frequently
for new materials and print out what is required for class or assignments.
ENTRANCE
COMPETENCIES:
1. This course will be taught under the assumption that you have already taken a course in
statistics and that you understand basic statistical concepts. If you have not met the
prerequisite (see #2) or if your background is dated or poor, you should drop this course until
you complete the prerequisite or take a refresher course. Understand that it is YOUR
responsibility to ensure you have the necessary background before signing up.
2. This is a graduate course in the application of statistics to managerial problems. You must
have taken at least one introductory course in statistics or the foundation class in
quantitative methods before taking this class. This course must have been completed within
the last eight years per the graduate catalog.
3. Students should be able to use spreadsheet programs such as Microsoft Excel for the
purpose of doing analytical work. Though you’ll be taught how to use specific Excel tools or
commands to analyze data statistically, it is assumed you already know how to use Excel to
create formulas, enter data into cells, etc.
4. If you have any question about whether your skills are current enough or adequate, please
contact the professor. Students who wish to do additional tutorial work to improve skills
learned previously but may have forgotten might consider purchasing Hawkes Learning
Systems. See Dr. Bailey for more information.
CLASS PROCEDURE
AND
REQUIREMENTS:
This course will be delivered in a lecture/discussion format. Primary delivery will through
PowerPoint and overhead presentations. PowerPoint slides will be posted to the web site prior
to class. Students should print the presentations and bring them to class to allow them to focus
on the topic and to take more organized notes. Students must also bring their clickers to class
each time so they can take the quizzes.
GRADING
METHODS &
EXAMINATIONS:
Final grades will be calculated as a weighted average as follows:
10%
 Daily Quizzes
25%
 Connect Homework & Projects
25%
 Midterm Exam
40%
 Final Exam – comprehensive (all chapters)
The student's final grade will be determined using the traditional grading scale:
A: 90-100, B: 80-89, C: 70-79, D: 60-69, F: Below 60.
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DAILY QUIZZES:
Quizzes will be given during each class session. You will be using a remote by iClicker in
order to answer the questions, which will be in multiple choice format. More
information will be provided in class.
 Students must bring their clickers to each class. If you forget your clicker, you will not be able
to answer the quiz questions and will receive a zero for the quiz that day. Questions cannot
be answered on paper and will not be graded that way.
 Questions will be given at random times throughout each class period. If you leave the class
early or arrive late, you may miss some questions. Missed questions cannot be made up and
will be scored as a zero.
 Your lowest two quiz scores will be dropped. If you miss a quiz, the missed quiz will be
counted as one of your two drops. Missed quizzes cannot be made up.
HOMEWORK & PROJECTS (Connect):
In addition to the two in-class exams, students will complete homework problems using
the Connect Homework Manager. Any late or missed assignments will be given a score of
zero. See schedule at the end of the syllabus for due dates. See Blackboard for detailed
instructions on how to use this homework management system. Some homework will
require the use of Microsoft Excel to analyze large data sets. If you are unfamiliar with
using Excel, use the tutorials provided in Blackboard and instructions included in the
textbook itself.
EXAM RULES:
Exams will consist of multiple-choice questions, short answer essays, and problems,
subject to the following rules:
 A standardized formula sheet and statistical tables will be provided by the instructor.
Students are not permitted to bring or use any other written materials during the
exam. Formula sheets are available in Blackboard prior to each exam so you know
what you can refer to and what you will have to memorize on your own.
 A calculator will be provided in Blackboard during the exam as part of the secure Lockdown
Browser.
 Translators or online translation websites may not be used during any examination.
 Tests will be delivered entirely on the computer. The problems and essays may be
answered on paper provided by the instructor. Be sure to clearly label the question
number you are answering on the blanks provided.
 The midterm exam will be reviewed in class, but students will not be permitted to print or
keep a paper copy. Any exams (to include the final exam) can be reviewed further in the
instructor's office during office hours.
 Cheating will be strictly dealt with! Any academic dishonesty will result in a course F and
referral for disciplinary action. NO EXCEPTIONS.
 See the Incomplete/Missed work section of the syllabus for the policy on missed tests.
DROP/WITHDRAWAL/FA POLICY:
 A WP or DP grade can only be given to students who drop by the academic penalty deadline
and who have a C or better in the class; all other students will be given a WF or DF if they
withdraw or drop after the academic penalty deadline and have less than a C in the course at
the time they withdraw or drop.
 An FA grade will be given to students who miss 35% or more classes in the term without an
excuse AND/OR those who miss any test without an excuse.
 In no event may a student drop or withdraw from the course after the final examination is
completed and final course grades are assigned.
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All grades will be earned -- NOT given. No tests will be dropped, no tests will be given less
emphasis and no additional work will be given to boost final grades. Students needing a
particular grade in this class to graduate, maintain a particular GPA level, keep a scholarship, etc.,
need to score high enough to earn the grade. Students should plan for computer failure by
completing graded problem sets ahead of schedule.
ATTENDANCE &
STUDENT
RESPONSIBILITIES:
Students are expected to:
1. Punctually attend all scheduled classes. Students who miss quiz questions because they
arrive late will receive a zero score on any questions not answered.
2. Be responsible for all instructions and assignments given in class as well as for the
supporting textbook content. If you miss a class, do not email your professor asking what
you missed. Similarly, do not come to my office expecting a private tutorial session
covering the missed material. Finding out what you missed and getting a classmate's notes
is your responsibility.
3. Read the textbook material before the lecture covering that material and attempt the
suggested problems before the material is covered in class.
4. Be an active participant in this class while being respectful of everyone else in the class.
5. Stay for the entire class session. If you need to leave the class early, inform your instructor
before the class begins. Understand that quiz questions may be given throughout the
entire class, so if you leave early you may miss some questions and will get a zero score for
any ones missed.
6. Complete assignments by the deadlines given in this syllabus and attend all examinations.
7. Cheating will be strictly dealt with. See the Honor Policy for details.
Excused absences have the following characteristics:
a. Instructor was informed prior to the absence.
b. Instructor determines that the absence is excused.
c. Absence is of one of the following types:
i. Participation in a documented official University function that does not permit the
student’s class attendance (e.g., athletic events, field trips, etc.).
ii. Severe illness, a hospital stay, or a doctor's excuse saying that it is impossible for
student to attend class(es). NOTE: This does not include scheduled medical or
dental appointments or driving someone else to doctor. You should schedule
appointments or personal errands outside of class time.
iii. Death of immediate family member (parent, grandparent, sibling, or child, or
spouse).
iv. Appearance in court (if mandatory)
v. Personal situations that are approved by the instructor in advance of the time the
student is to be absent.
d. Written documentation (on letterhead) must be provided at the first class session after
the student’s return to classes.
DAILY
ASSIGNMENTS:
INCOMPLETE/
MISSED WORK
POLICY:
See schedule below.
INCOMPLETES: Students who request an incomplete must be passing the course (i.e., have a C
or higher) to receive one. Incompletes must be requested before the last day of class and before
the final examination is taken or course grade is assigned.
MISSED WORK:
1. If a student will miss any test, they must notify the instructor in advance and provide
acceptable written documentation within one week of the missed test. If they are unable to
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notify the instructor in advance (e.g., they were in the hospital), they must notify the
instructor as soon as they are able to return to class and provide acceptable written
documentation on that day.
 If the absence is excused by the instructor, the percentage weight from the missed test
will be added to the comprehensive final exam. No makeup exams will be given.
 If the absence is not excused by the instructor, the student will receive a zero for the
missed test.
2. Assignments not submitted in Blackboard by the deadline without a pre-approved excuse
will be given a zero. "Computer problems" do not constitute an acceptable excuse.
GENERAL
SUPPORT:
The computer labs in Bibb Graves are available for student use when other classes are not in
session.
CHEATING POLICY:
It is expected that students will abide by the Honor Code, Academic Code, Technology Use
Policy, and Standards of Conduct as outlined in the most current version of the Oracle, the
student handbook. Any student not abiding by these codes/policies/standards will be subject to
the penalties outlined in the Oracle.
AMERICANS WITH
DISABILITIES ACT
(ADA):
Troy University supports Section 504 of the Rehabilitation Act of 1973 and the Americans with
Disabilities Act of 1990, which insure that postsecondary students with disabilities have equal
access to all academic programs, physical access to all buildings, facilities and events, and are not
discriminated against on the basis of disability. Eligible students, with appropriate
documentation, will be provided equal opportunity to demonstrate their academic skills and
potential through the provision of academic adaptations and reasonable accommodations.
Further information, including appropriate contact information, can be found at the link for Troy
University’s Office of Human Resources at
http://intranet.troy.edu/humanresources/documents/ADAPolicy2003.htm
CELLPHONES AND
OTHER
ELECTRONIC
DEVICES:
Use of any electronic device by students in the instructional environment is prohibited unless
explicitly approved on a case-by-case basis by the instructor of record or by the Office of
Disability Services in collaboration with the instructor. Cellular phones, pagers, and other
communication devices may be used for emergencies, however, but sending or receiving nonemergency messages is forbidden by the University. Particularly, use of a communication device
to violate the Troy University “Standards of Conduct” will result in appropriate disciplinary action
(See the Oracle.)
In order to receive emergency messages from the University or family members, the call receipt
indicator on devices must be in the vibration mode or other unobtrusive mode of indication.
Students receiving calls that they believe to be emergency calls must answer quietly without
disturbing the teaching environment. If the call is an emergency, they must move unobtrusively
and quietly from the instructional area and notify the instructor as soon as reasonably possible.
Students who are expecting an emergency call should inform the instructor before the start of
the instructional period.
COURSE OUTLINE
AND DATES TO
REMEMBER:



The topics are listed in the approximate order in which they will be covered.
Please note that this outline is subject to change. Any changes will be announced in lecture.
If you miss a lecture, you are responsible for finding out what you missed, including any
deadline or exam date changes.
Homework is generally due on Sundays at 11:59pm Central time unless otherwise noted in the
schedule or changed as announced in class.
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DATE
LECTURE CHAPTERS
ASSIGNMENTS DUE
Prior to start of
course
Ch. 1 Overview of Statistics
Ch. 2 Data Collection
Ch. 3 Describing Data Visually
Introductory material that all students should
read but already understand from a past course
in statistics. We will not cover this material in
lecture, but you will have homework assigned
and you will be tested on it.
LECTURE 1
Mon. 8/22/11
Course Introduction
Basic concepts, Excel review
Register for Connect
Ch. 1-3 Connect Homework opens
LECTURE 2
Mon. 8/29/11
Ch. 4 Descriptive Statistics
Connect Homework: Ch. 1-3 DUE Sun. 9/4/11
Ch. 4 Connect Homework opens
Mon. 9/5/11
NO CLASS – Labor Day Holiday
Connect Homework: Ch. 4 DUE Sun. 9/11/11
LECTURE 3
Mon. 9/12/11
Ch. 5 Probability
Ch. 5 Connect Homework opens
LECTURE 4
Mon. 9/19/11
Finish Ch. 5 (if needed)
Ch. 6 Discrete Probability Distributions
(start)
Connect Homework: Ch. 5 DUE Sun. 9/25/11
Ch. 6 Connect homework opens
LECTURE 5
Mon. 9/26/11
Finish Ch. 6 (if needed)
Ch. 7 Continuous Probability Distributions
(start)
Connect Homework: Ch. 6 DUE Sun. 10/2/11
Ch. 7 Connect homework opens
LECTURE 6
Mon. 10/3/11
Finish Ch. 7
Connect Homework: Ch. 7 DUE Sun. 10/9/11
Mon. 10/10/11
MIDTERM EXAM
covers Chapters 1-7
LECTURE 7
Mon. 10/17/11
Review Midterm
Ch. 8 Sampling Distributions & Estimation
Ch. 8 Connect Homework opens
LECTURE 8
Mon. 10/24/11
Finish Ch. 8 (if needed)
Ch. 9 One-Sample Hypothesis Tests (start)
Connect Homework: Ch. 8 DUE Sun. 10/30/11
Ch. 9 Connect Homework opens
LECTURE 9
Mon. 10/31/11
Finish Ch. 9 (if needed)
Ch. 11 ANOVA (11.1 – 11.4 only)
Connect Homework: Ch. 9 DUE Sun. 11/6/11
Ch. 11 Connect Homework opens
LECTURE 10
Mon. 11/7/11
Finish Ch. 11 (if needed)
Ch. 12 Simple Regression (12.1 – 12.7 only)
Connect Homework: Ch. 11 DUE Sun. 11/13/11
Ch. 12 Connect Homework opens
Lecture 11
Mon. 11/14/11
Finish Ch. 12 (if needed)
Ch. 13 Multiple Regression
Connect Homework: Ch. 12 DUE Sun. 11/20/11
Ch. 13 Connect Homework opens
Mon. 11/21/11
NO CLASS – Fall Break (campus closed)
LECTURE 12
Mon. 11/28/11
Finish Ch. 13 (if needed)
Review for final exam
Connect Homework: Ch. 13 DUE Sun. 12/4/11
Mon. 12/5/11
COMPREHENSIVE FINAL
Covers all chapters
* Connect Homework is generally due on Sundays at 11:59pm Central time unless otherwise noted in the schedule or
changed as announced in class or email.
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Dates to Remember
 Wednesday, 8/17: Classes begin
 Monday, 8/22: Add deadline; drop/withdraw deadline without financial penalty
 Tuesday, 8/23: Census date
 Monday, 9/5: Labor Day Holiday (campus closed, no office hours)
 Friday, 10/21: Last day to drop/withdraw WITHOUT academic penalty *
 Thursday, 11/11: Veteran’s Day Holiday (campus closed, no office hours)
 Monday, 11/21 - Sunday, 11/27: Fall/Thanksgiving Break (campus closed, no office hours)
 Tuesday, 12/6: Last day of classes
 Wednesday, 12/7: Dead Day; Drop/withdraw deadline WITH academic penalty**
NOTES:
* After this date, any student with less than a C in this graduate course will be given a grade of DF or WF if they file
for a drop or withdrawal.
** Students may not drop or withdraw from the course after the final exam has been taken and final grades have
been assigned, so in our course drops or withdrawals must be done prior to when the final exam is taken on
12/5/11.
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