Principles of Business Statistics

Principles of Business Statistics

FUNDAMENTALS OF BUSINESS STATISTICS

M&IS 24056

Summer I, 2003

Instructor:Dr. O. F. Offodile

•Office: Business Administration, Room A-415, Phone (330) 672-1155

•Hours: M & W. 1:00-2:00 and 5:00-6:00. Or by appointment

T & Th. 1:00-2:00. Or by appointment

Note that my office hours are for your guide only. Please feel free to come by at any time you want to see me. However, should you be coming to see me from outside of the campus, call to be sure that I am available. If I am not, leave your name and number and I will call you back as soon as I can.

Course Objectives:

M&IS 24056 is designed to provide the student with basic skills in descriptive statistics and statistical inferences, probability distributions, test of hypothesis, statistical sampling, and how to apply these concepts in real-world situations.

Prerequisite:

MATH 11011 or 12001: College Algebra or Algebra and Trigonometry

Students who have not successfully completed the course prerequisites must withdraw from this class. You risk deregistration if you have not completed the prerequisites.

Students with Disabilities:

In accordance with University policy, if you have a documented disability and require accommodations to obtain equal access in this course, please contact the instructor at the beginning of the semester or when given an assignment for which an accommodation is required. Students with disabilities must verify their eligibility through the Office of Student Disability Services (SDS) in the Michael Schwartz Student Services Center {(330) 672-3391}

Notes:

  • Class attendance and participation are required
  • Withdrawals are permitted in accordance with CBA and University policies.
  • NO makeup exams will be given.
  • Exceptions to this rule are sickness (with a doctor's paper), death in the family, and University functions performed out of town (such as field trips, sports activities, etc.). Prior notification of such activities is needed.
  • Membership in the APICS and ASQ are encouraged but not required. The instructor feels, however, that it will be in the students’ best interest to belong to these organizations.

Textbook:

Aliaga, M. and Gunderson, B. Interactive Statistics, (2nd Ed.). (Upper Saddle River, NJ: Prentice-Hall), 2003.

Tentative Class Schedule

Assignments

ChapterPractice

DateChaptersSubjectReadingsProblems

06/091How To Make Decisions in Statistics1:------

06/101How To Make Decisions in Statistics1:1: 5,7,19,21,23,27,33

06/112Producing Data2:2: 1,3,7,9,25

06/133Observational Studies & Experiments3:3: 1,3,9,15,17,23

06/164Summarizing Data Graphically4:4: 1,3,11,13,19,23,27

06/175Summarizing Data Numerically5:5: 1,11,17

06/185Summarizing Data Numerically5:5: 29,32

06/196Using Models to Make Decisions6:6: 7,9,17,25

06/23*EXAM# 1Chaps: 1, 2, 3, & 4.

06/247Measuring Uncertainty with Probability7:7: 11,13,17

07/257Measuring Uncertainty with Probability7:7: 23,25

07/267Measuring Uncertainty with Probability7:7:

07/308Sampling Distributions: Measuring Accuracy8:8: 3,17,21,27

07/01*EXAM# 2Chaps: 5, 6, & 7.

07/028Sampling Distributions: Measuring Accuracy8:8: 35

07/039Making Decisions: Population Proportion9:9: 1,3,5

07/079Making Decisions: Population Proportion9:9: 21,27,33,35

07/0810Making Decisions: Population Mean10:10: 11,15,21,23

07/0910Making Decisions: Population Mean10:10: 33,35

07/10*EXAM# 3Chaps: 8, 9, & 10.

Course requirements:

Exam130%

Exam232%

Exam333%

Attendance/Participation5%

Total100%

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