Lake Superior State University
BUSN 211 Business Statistics (3, 0)
Section 001, 5:00 -6:20 p.m. MW CAS 103
Section 002, 3:30 – 5:40 p.m. TR CAS 103
Fall Semester 2013
3 Credits
Course Description:
An introduction to business statistics. Topics include the collection and presentation of data, measures of central
tendency, variation and skewness, probability, probability distributions, Bayes’s Theorem, sampling, sampling
distributions, estimation, hypothesis testing, simple linear regression and correlation. The first half of the course
will emphasize descriptive statistics while the second half will focus on inferential statistics. The course will also
include a computer project which will introduce the use of SPSS & EXCEL statistical functions and data analysis
tools.
Prerequisites: MA 111 College Algebra or equivalent or instructor’s permission.
Course Goals:
The School of Business has an assessment plan for student outcomes. The goal of BUSN 211 Business Statistics
is to assist students in meeting the following outcomes.
Outcome Three: Graduates will demonstrate skills in research, communications and critical
thinking. Upon successful completion of this course you should improve your analytical, problem
solving and research skills as well as critical thinking skills.
Outcome Four: Graduates will demonstrate personal growth: a desire for lifelong learning,
adaptation to change and curiosity. Upon successful completion of this course you will acquire skills
to assist in your pursuit of lifelong learning, assist in adaptation to change and pique your curiosity.
Outcome Six: Graduates will demonstrate effective interpersonal skills. Upon successful completion
of this course you should consider yourself stronger in your ability to work cooperatively with others
by demonstrating your interpersonal skills.
Course Objectives: At the conclusion of BUSN 211 students will:
1.
2.
3.
4.
Be able to compute, understand, and explain basic descriptive statistics.
Understand sampling distribution theory and how it relates to statistical inference.
Be able to conduct hypothesis tests and apply the results to business decision making.
Be able to test, analyze, and interpret the relationship between two or more variables.
Required Text: Anderson, et al (2014). Statistics for Business and Economics, 12e, Cengage Learning [ISBN
978-1-133-27453-7]
Grading Scale and Policies:
Exam/Quiz
Final grade will be a weighted average of Exam (50%), group projects (30%), attendance & participation (10%).
The proportions are subject to change at the instructor’s discretion. You must take all exams to pass the course.
Homework
Homework will be assigned on a regular basis. Homework is for your benefit to assist in comprehending the
material as well as preparing you for quizzes and exams.
Attendance
Attendance and class participation is expected. Please notify the instructor in advance if you will be absent for an
exam so other arrangements can be made.
Computer
Lukenda School of Business Computer Lab (CAS 103) is available for your use. Also, computers at library are
available.
Grading
Your final course grade will be based on your final overall percentage, according to the scale below. The
following conventions will be used to determine final grades, but are subject to the instructor’s discretion:
A+
A
A-
96.7 – 100%
93.3 – 96.6%
90.0 – 93.2%
B+
B
B-
86.7 – 89.9%
83.3 - 86.6%
80.0 – 83.2%
C+
C
C-
76.7 – 79.9%
73.3 – 76.6%
70.0 – 73.2%
D+
D
D-
66.7 – 69.9%
63.3 – 66.6%
60.0 – 63.2%
F
Below 60.0
Ground Rules:
1. Completing assignments on time and keeping up with the class material is important for success in this
course and in college. Late assignments will not be accepted except for legitimate pre-approved
reasons as determined by the instructor. Examples of legitimate reasons are: severe illness, death in
family, etc.
LSSU sanctioned travel related absences (athletics, conference presentations, conference attendance)
are approved by the Provost. You are expected to make arrangements with the instructor before the
travel occurs. Failure to do so may result in “F” grades being assigned for the missed work.
2. Students are expected to perform all assigned work themselves unless otherwise noted. Any form of
cheating or plagiarism will be handled in accordance with the Honor Code Procedures. Violations of
the Honor Code may result in an F for the course grade.
3. Use of head phones, cell phones and hats during exams is prohibited.
4. Cell phones must be turn off for all class sessions. THIS MEANS NO TEXTING TOO!
University Policies and Statements:
The Americans with Disabilities Act & Accommodations
In compliance with Lake Superior State University policies and equal access laws, disability-related
accommodations or services are available to students with documented disabilities.
If you are a student with a disability and you think you may require accommodations you must register with
Disability Services (DS), which is located in the KJS Library, Room 130, (906) 635-2355 or x2355 on campus.
DS will provide you with a letter of confirmation of your verified disability and authorize recommended
accommodations. This authorization must be presented to your instructor before any accommodations can be
made.
Students who desire such services should meet with instructors in a timely manner, preferably during the first
week of class, to discuss individual disability related needs. Any student who feels that an accommodation is
needed – based on the impact of a disability – should meet with instructors privately to discuss specific needs.
IPASS (Individual Plan for Academic Student Success)
If at mid-term your grades reflect that you are at risk for failing some or all of your classes, you will be contacted
by a representative of IPASS. The IPASS program is designed to help you gain control over your learning through
pro-active communication and goal-setting, the development of intentional learning skills and study habits, and
personal accountability. You may contact 635-2887 or email ipass@lssu.edu if you would like to sign up early in
the semester or if you have any questions or concerns.
Tentative Schedule
Week
Topics
1
Introduction
2
Descriptive Statistics
3
Probability
4
Probability (continued)
5
Sampling & Sampling Distribution
6
Interval Estimation
7
Hypothesis Test
8
T-Test Model
9
T-Test Model (continued)
10
ANOVA Model
11
Simple Regression Model
12
Multiple Regression Models
13
Multiple Regression Models (continued)
14
Time Series Analysis & Forecasting
15
Non-parametric Statistics
16
Final Exam
Note: This schedule is subject to change at the instructor’s discretion.
Chapters
1, 2
2, 3
4, 5
5, 6
7
8
9
10, 11
10, 11
13
14
15, 16
15, 16
17
18
Weekly Schedule & Office Hours [2013 Fall]
C. Christopher Lee, Ph.D., Associate Professor of Management
Office:
Library 319
E-mail:
clee4@lssu.edu
Office Phone: 906-635-6682
Home Phone: 906-259-1254
Mon
1:00 1:29
Tue
Wed
Thu
Fri
Office Hours
Office Hours
Office Hours
2:00 2:29
MGMT 280,
Management
Information
Systems
MGMT 280,
Management
Information
Systems
2:30 2:59
@ CAS 103 [MWF
2 - 2:50 p.m.]
@ CAS 103 [MWF
2 - 2:50 p.m.]
3:00 3:29
MGMT 360,
Management
Concepts
3:30 3:59
@ CAS 107 [MWF
3 - 3:50 p.m.]
MGMT 280,
Management
Information
Systems
@ CAS 103
[MWF 2 - 2:50
p.m.]
MGMT 360,
Management
Concepts
@ CAS 107
[MWF 3 - 3:50
p.m.]
1:30 1:59
4:00 4:29
4:30 4:59
5:00 5:29
Office Hours
Business
Statistics
@ CAS 103 [TR
3:30 - 4:50]
6:00 6:29
@ CAS 103 [MW 5
- 6:20 p.m.]
MGMT 360,
Management
Concepts
Office Hours
@ CAS 107 [MWF
BUSN 211-002,
3 - 3:50 p.m.]
Office Hours
Business
Statistics
@ CAS 103 [TR
3:30 - 4:50]
BUSN 211-002,
Office Hours
Business Statistics
7:00 7:29
BUSN 211-002,
BUSN 211-002,
5:30 5:59
6:30 6:59
Office Hours
BUSN 499-001,
Senior
Research
Business
Statistics
@ CAS 103 [MW
5 - 6:20 p.m.]
Office Hours
MGMT 471-001,
Production &
Operations
Management
7:30 7:59
8:00 8:29
8:30 8:59
@ CAS 311 [Th
6:00 - 9:00]