COURSE NUMBER:
ECON 2113 (CRN 10788)
COURSE TITLE:
Business Statistics
INSTRUCTOR:
Dr. Latanich, BU-104, Hours: 10:00 - 12:00 MW, 11:00 - 1:00 TR, and by appointment.
Phone: 870-680-8046, FAX: 870-972-3714, email: latanich@astate.edu
REQUIRED TEXT/MATERIALS:
Groebner, Shannon, Fry, & Smith, Business Statistics, Prentice-Hall, 6th ed., 2005.
CONTENT OBJECTIVES:
This course equips business students with analytical skills. These skills not only give
business students more confidence in their abilities, but also make them more appealing
to prospective employers. The class will introduce students to statistical analyses that are
commonly used in business and economics:
LEARNING AREA OBJECTIVES:
Descriptive statistics:
Data types; tables, graphs, and charts; numerical description of data.
Probability:
General probability; discrete & continuous probability distributions; sampling
distributions.
Inferential statistics:
Estimating population means, individual values, and population proportions,
testing hypotheses about a population mean and a population proportion
EXPECTATIONS
The best policy for getting a good grade is to regularly review and keep up with the
material, and to do all the assigned problems. At times we will use MS-Excel in class. If
you need to brush up on your MS-Excel skills, you may want to do that early on in the
semester. You will also need to bring a calculator to class.
The CD supplied with the textbook contains the PowerPoint presentations of the chapters.
You may also download them from my course website, as shown in class. Please read
through the PowerPoint materials before class, since this would allow better use of our
time together in class.
I encourage folks to make wise use of my office hours. An example of a wise visit is to
review the class material and come prepared with questions / problems. An example of an
unwise visit is to ask me to repeat an entire class lecture for your sole listening pleasure.
EVALUATION
Exams and final
Homework Assignments
Quizzes
80%
10%
10%
NOTE: Tests, quizzes, and homework assignments are designed as random samples
of the material covered. The only thing that counts is a correct answer. There is no
partial credit for incorrect answers. The lowest grade (F) can never be below 50%.
GRADE SCALE:
100 - 89.01 = A
89 - 79.01 = B
79 - 69.01 = C
69 - 59.01 = D
59 - 00.00 = F
INCOMPLETE POLICY:
Given only for extraordinary reasons and then only after consultation. Failure to drop,
withdraw, or to obtain an incomplete will result in a course grade of "F."
ACADEMIC DISHONESTY:
Academic dishonesty is contrary to ASU’s academic policies. Anyone caught cheating,
or engaging in plagiarism, will receive an F for the course and will be asked to leave the
class.
ATTENDANCE POLICY:
Class attendance is mandatory. After three absences (with the fourth) students will be
assigned a failing grade.
DISABILITIES:
If you have a Learning Disability that would cause you to have unique needs pertaining
to assignments or exams, please provide a written statement to that effect from the Office
of Disability Services. When the statement has been provided, I will work with you to
accommodate your needs. Please remember, it is your responsibility to contact me to
arrange times to meet, etc.
CLASS SCHEDULE:
Chapter 1 - The Where, Why, and How of Data Collection
Chapter 2- Graphs, Charts, and Tables: Describing Your Data
First Exam
Chapter 3 - Describing Data Using Numerical Measures
Chapter 4 - Using Probability and Probability Distributions
Second Exam
Chapter 5 - Discrete and Continuous Probability Distributions
Chapter 6 - Introduction to Sampling Distributions
Third Exam (includes chapters 3 and 4)
Chapter 7 - Estimating Population Values
Chapter 8 - Introduction to Hypothesis Testing
Final Exam (includes chapters 3, 4, 5, 6)
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