Econ 201, Spring 2014 Statistical Methods Instructor: Renatte K. Adler Professor of Economics E-Mail: radler@mail.sdsu.edu Office: NH-316 Office Hours: Mon. 11:00 - 12:15; Weds. 8:15 - 9:15 & 11:00 – 12:15 Wed. Overview Statistics is the science of learning from data. In your lifetime, you will be bombarded with data and statistical information. Using data effectively is a growing part of most professions. It is also required to participate in society as a well-informed individual following all forms of media. A solid understanding of statistics enables you to make sound, data-based decisions in your career and every-day life. Goals To form the habit of asking: “What do the data tell me?” • Understand where data come from and how to organize and analyze data sets in Excel. • Every student must understand the meaning of AND be able to easily use 3 concepts: “N” (population size or sample size, as appropriate), mean and standard deviation. From the beginning to end of the semester, these three measures will be used in a wide variety of concepts and calculations. Text Business Statistics: Communicating with Numbers by Jaggia & Kelly Available at KB Books (Chapters 1-14 only required) Required. Signup online for CONNECT (you can choose the option without ebook), or CONNECTPlus to include ebook (the ebook is not required unless you prefer having it.) http://connect.mcgrawhill.com/class/r_adler_spring_mw f_1000 FIREFOX is the recommended Browser. Tech Support 1-800-331-5094 • Use problems in the book and Connect assignments to practice statistical methods. You learn statistics by doing statistics problems. • Use statistics to form conclusions based on analyzing the data. Learn to ask questions and be critical of statistical results, rather than simply accepting any statistics you see. Requirements Chapter readings will be assigned in-class and will be posted on Blackboard. LearnSmart on Connect is highly suggested as a Study Guide and Chapter Review tool. Statistical Methods 1 Evaluation All homework and exams will be on-line. There are no make-ups since students can complete assignments from any location. Homework: There will be 4 homework assignments due throughout the semester, including the last week of class. The average of the four scores will count for 1/3 of your final grade. There will be 4 follow-up Exams covering material on each homework assignment. The average score for the exams will count for 2/3 of your grade in Econ 201. Note: I will drop the lowest score out of Exams 1, 2, 3 if this helps your final grade, but not Exam 4. Everyone’s Exam 4 will be included in the final grade. Final Grade Formula : Grade = .333*(Average for 4 Homeworks) + .666*(Average of top 2 exams from Exams 1,2,3 + Exam 4) There is NO cumulative final but Exam 4 is on the last class day. Important Guidelines for Grading: • All class assignments will be curved based on class performance. The grading scale is standard: 90% A, 80% B, 70% C, 60% D. • Extra credit will be offered during the semester but will not be offered for any reason after May 5. • Failing grades are earned if students do not earn a score of least 60% for the final grade. • Attendance: For all students, regular attendance shows commitment that will result in a plus (+) grade at semester’s end. • B- Contract: Students with no more than 4 unexcused absences will receive at least a B- if their final score (see formula above) is at least 68% and if there are no failing grades on any homework or exam (no lower than 60%). •From Disability Services: If you are a student with a disability and believe you will need accommodations for this class, it is your responsibility to contact Student Disability Services at (619) 594-6473. To avoid delay, contact Student Disability Services as soon as possible. Please note that accommodations are not retroactive, and that instructors cannot provide accommodations until the letter from Student Disability Services is given to your instructor. Your cooperation is appreciated. Statistical Methods 2