QM 2241 BUSINESS STATISTICS I Syllabus Spring Semester, 2014 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: Alan Gunter, MSME, MBA OFFICE HOURS: Mondays: 5:00 – 6:00 and after class as necessary Wednesdays: 5:00 – 6:00 and after class as necessary OFFICE LOCATION: Bibb Graves, Room 238-K OFFICE TELEPHONE: Contact Secretary Lynn Hughes 334-670-3143 or Sue Beasley 334-670-3459 EMAIL: qmlag@troy.edu WEB SITE: http://troy.blackboard.com TIME OF CLASS and CLASS LOCATION: Mondays & Wednesdays 6:00 – 7:15 Bibb Graves, Room 201 COURSE DESCRIPTION: An introduction to descriptive and inferential statistical concepts and methods. Topics include grouping of data, measures of central tendency and dispersion, probability concepts, sampling, statistical estimation, and statistical hypothesis testing. COURSE OBJECTIVES: Upon completion of the course, the student should: Be able to identify, collect, display, and analyze the numerical type of information generated by business operations. Understand probability theory and be able to use it for solving problems encountered in business. Be able to sample data for drawing inferences about the population from which the sample was taken. Understand the limitations of statistical analysis. Be able to perform statistical hypothesis testing. PURPOSE: To develop statistical-analysis skills appropriate for entry-level employment in business fields. Core requirement for all undergraduate business programs. TEXTBOOK: Lind/Marchal/Wathen, Statistical Techniques in Business and Economics, 15th Edition, McGraw-Hill Publishers, copyright 2010. ISBN 0078082358. * * The text package sold by the campus bookstore includes a two-semester access code to 1 Connect, which is a required homework manager that all students must purchase. If you buy a used book, you MUST buy an access code to Connect from the publisher's website. OTHER MATERIALS: Connect Homework Manager access code (included in textbook package sold by the bookstore above. (REQUIRED) NOTE: Access codes cannot be transferred or sold to other students and may not be included in used textbooks or books sold on the internet. The code included with the book sold in the bookstore is good for two semesters only; codes purchased elsewhere may be good for less time. The same access code can be used for QM3341 if both courses are completed within two semesters. If you do not complete both courses within that time frame then you will need to purchase a new access code. Having a useable access code is your responsibility - contact the publisher directly if your code does not work. Blackboard technical support cannot help you with Connect -- contact the publisher's technical support numbers listed in the Assignments area of our Blackboard course website if you have questions or problems. CLASS PROCEDURE AND REQUIREMENTS: This course will be delivered in a lecture/discussion format. Primary delivery will through PowerPoint, problem examples and overhead presentations. PPT Presentations will be posted to the web site prior to class. GRADING METHODS & EXAMINATIONS: Final grades will be calculated as a weighted average as follows: 20% Homework, & Pop Quizzes 20% Test 1 – Chapters 1-4 20% Test 2 – Chapters 5-7 20% Test 3 – Chapters 8-10 20% 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. ATTENDANCE/POP QUIZZES: Students are expected to attend every class since attendance has a strong correlation with your grade. To encourage regular attendance, "pop" quizzes may be given at random throughout the term. Pop quizzes missed cannot be made up. If a student misses a class, they must have an excused absence (see policy in attendance section) in order to have a missed quiz exempted from the grade. CONNECT HOMEWORK: Students will complete homework problems using the web-based software program, Connect. Scores are calculated for each homework assignment completed by the due date based on number of questions correctly answered. If you are unsatisfied with a particular homework grade or if you simply wish to practice more, you may redo the homework up to three times before the deadline assigned (highest score counts). There will be no dropped homework grades. Any missed or late assignments will be given a score of zero. See schedule at the end of the syllabus for due dates. TEST 1-3 RULES: Tests 1-3 will be given in class during the normal class time. Exam rules: Tests in this class are closed book, but a formula sheet may be used. Formula sheets can contain any hand-written notes on the front and back of an 8.5 x 11 sheet of paper. Statistical tables will be provided for exams. 2 Students may use an electronic calculator without text storage capability or statistical functions. Example: Texas Instruments BA-II+ Students may NOT share calculators, nor can a telephone be used as a calculator. Translators may not be used during any examination. Tests 1-3 will be reviewed in class, but students will be permitted to review the tests in the instructor's office during office hours. FINAL EXAM RULES: The Final Exam is a comprehensive test given the School of Business. It will occur on last class day of the semester unless otherwise notified. The exam is given on a computer and no calculators or notes are allowed. The student must present a student ID, or other government issued picture ID, to take the exam. A valid excuse is required to schedule the exam at a different time. Violations of the above policies may result in your receiving an F for the exam. 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 file paperwork after the academic penalty deadline and who have a C or better in the class 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. 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, to keep a scholarship, to be eligible for sports, etc., will need to score high enough to earn the grade. Students should plan for computer failure by completing graded homework ahead of schedule. ATTENDANCE & STUDENT RESPONSIBILITIES: Students are expected to: 1. Punctually attend all scheduled classes. Students who arrive after roll is taken or who miss pop quizzes without an excuse will be counted as absent that day. 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. Students who leave early without an excuse risk having their attendance voided for that day. 6. Complete homework by the deadlines given in this syllabus and attend all examinations. 3 EXCUSED ABSENCE POLICY: Excused absences have the following characteristics: a. The professor was informed prior to the absence, b. The professor determines that the absence is excusable*, and c. Written documentation acceptable to the instructor (e.g., on letterhead) is provided within one week of the missed class. Additional regulations apply to absences which occur on the day of a scheduled exam. See the Incomplete/Missed Work Policy section for more information. * Excusable absences include: Participation in a documented official University function that does not permit the student’s class attendance (e.g., athletic events, field trips, etc.). 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. Death of immediate family member (parent, grandparent, sibling, or child, or spouse). Appearance in court (if mandatory) Personal situations that are approved by the instructor in advance of the time the student is to be absent. DAILY ASSIGNMENTS: See schedule below. INCOMPLETE/MISSED WORK POLICY: If a student will miss a test, they must notify the instructor in advance and provide acceptable documentation within one week of the missed test. If they are unable to 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 student will take a special comprehensive makeup test on Dead Day, to be taken on the computer with a proctor. No individual makeup exams for particular tests will be given. This comprehensive makeup test will be in addition to the formative exam taken during the final exam period. If the absence is not excused by the instructor, the student will receive a zero for any missed test. Only in very special circumstances will a student be allowed to make up Connect homework. Assignments not completed by the deadline without a pre-approved excuse will be given a zero. "Computer problems" do not constitute an acceptable excuse. Use the tutorials posted in Blackboard which explain how to enroll into the website for this class in Connect. NOTE: Don't wait until the last minute to sign up or to start your homework! If you have problems with Connect, please contact technical support using the methods listed in Blackboard. GENERAL SUPPORT: The computer labs in 119 & 207 McCartha 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. 4 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://www.troy.edu/humanresources/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 non-emergency 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: Detailed solutions to odd-numbered text exercises are provided in your textbook (see the appendix) The topics are listed in the approximate order in which they will be covered. See due dates below for homework. Late homework will NOT be counted for a grade in this class, even if Connect gives you a score. 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. 5 LECTURE CHAPTERS ASSIGNMENTS DUE DATE Wed. 1/8 Introduction, Chapter 1 Register at Connect course website Mon. 1/13 Chapter 2 Do practice homework assignment in Connect Wed. 1/15 Chapter 3 Read text, start homework & work recommended problems Mon. 1/20 N/A HOLIDAY – Martin Luther King Day Wed. 1/22 N/A NO CLASS Mon. 1/27 Chapters 3 & 4 Read text, start homework & work recommended problems Wed. 1/29 Chapter 4 Read text, start homework & work recommended problems Mon. 2/3 Chapters 1-4 Review for Test I Tues. 2/4 Chapters 1-4 Connect HW due 11:55pm Central time Weds. 2/5 TEST 1 - Chapters 1-4 Mon. 2/10 Chapter 5 Read text, start homework & work recommended problems Wed. 2/12 Chapter 5 Read text, start homework & work recommended problems Mon. 2/17 Chapters 5 & 6 Read text, start homework & work recommended problems Wed. 2/19 Chapter 6 Read text, start homework & work recommended problems Mon. 2/24 Chapters 6 & 7 Read text, start homework & work recommended problems Wed. 2/26 Chapter 7 Read text, start homework & work recommended problems Mon. 3/3 Chapter 5-7 Review for Test II Tues. 3/4 Ch. 5-7 Connect HW due 11:55pm Central time Wed. 3/5 TEST 2- Chapters 5-7 Mon. 3/10 N/A SPRING BREAK Wed. 3/12 N/A SPRING BREAK Mon. 3/17 Chapter 8 Read text, start homework & work recommended problems Wed. 3/19 Chapter 8 Read text, start homework & work recommended problems Mon. 3/24 Chapter 9 Read text, start homework & work recommended problems Wed. 3/26 Chapter 9 Read text, start homework & work recommended problems Mon. 3/31 Chapter 9 Read text, start homework & work recommended problems 6 Wed. 4/2 Chapter 10 Read text, start homework & work recommended problems Mon. 4/7 Chapter 10 Read text, start homework & work recommended problems Wed. 4/9 Chapter 10 Read text, start homework & work recommended problems Mon. 4/14 Review for Test III Tues. 4/15 Chapters 8, 9, 10 Connect HW due 11:55pm Central time Wed. 4/16 TEST 3- Chapters 8-10 Mon. 4/21 Review for Final Wed. 4/23 Review for Final Mon. 4/28 Final Exam Dates to Remember Wednesday, 1/8: Classes begin Monday, 1/13: Add deadline; drop/withdraw deadline without financial penalty Monday, 1/20: Martin Luther King Day holiday (campus closed, no office hours) Tuesday, 1/14: Census date March 10-16: Spring Break (no classes or office hours) Monday, 3/24: Last day to drop/withdraw WITHOUT academic penalty * Monday, 4/28: Last day of classes Wednesday, 4/30: Dead Day; Drop/withdraw deadline WITH academic penalty** NOTES: * After April 30th and prior to Dead Day (May 1st), any student with less than a C average will be given a grade of D, F, 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 course grades have been assigned. 7