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COURSE: Business Statistics

CODE: ECN 1120

CREDIT HOURS: 4

SEMESTER: 2 2008-2009

OBJECTIVES: The major objective of this course is to present principles and

practices of statistics in the context of substantive, engaging
and up to date applications in economics, management and
business. At the completion of this course, you are expected to
know the following:

1.understand the important of statistics concepts in economics

and business
2.how to utilize the statistics methods to analyze economics
and business problems
3.will be able to have a strong foundation to follow higher
quantitative courses
4.how to use statistical computer packages to analyze the data
and interpret the output

SYNOPSIS: The major areas of study include: introduction to statistics,

grouping and displaying data: tables and graphs, measures of
central tendency and dispersion in frequency distribution, basic
probability, probability distribution, estimation, hypothesis
testing I (one sample test), hypothesis testing II (two sample
test) and analysis of variance.

LECTURER: Baharom Bin Abdul Hamid

Office: Room A202
Tel: 03-89467751
Email: baharom@econ.upm.edu.my

EVALUATIONS:
Midterm exam 30%
Assignment 30%
Final Exam 40%
TOTAL 100%

CONTENT:

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Bi
l Kandungan Masa (Jam)
1 What Is Statistics? 3 Jam Kuliah
1.1 Introduction 1 Jam Tutorial
1.2 Types of Statistics
1.3 Types of Variable
1.4 Levels of Measurement

Describing Data: Frequency Distributions and Graphic

2 Presentation 6 Jam kuliah
2.1 Constructing a Frequency Distribution Class Intervals and
Midpoints 1 jam tutorial
2.2 Relative Frequency Distribution
2.3 Graphic Presentation of a Frequency Distribution

3 Describing Data: Numerical Measures 6 jam kuliah

3.1 Introduction 1 jam tutorial
3.2 The Population Mean, Sample Mean, Properties of the
Arithmetic Mean
3.3 The Weighted Mean, Median Mode
3.4 Variance and Standard Deviation

4 Discrete Probability Distributions 6 Jam kuliah

4.1 Introduction 1 jam tutorial
4.2 Random Variables
4.3 The mean, Variance and Standard Deviation of a Probability
Distribution
4.4 Binomial Probability Distribution

5 Continuous Probability Distribution 6 jam kuliah

5.1 The Family of Uniform Distributions 1 jam tutorial
5.2 The Family of Normal Probability Distributions
5.3 The Standard Normal Distribution

MIDTERM

6 Sampling Methods and the Central Limit Theorem 3 Jam kuliah

6.1 Sampling Method 1 jam tutorial
6.2 Sampling Distribution of the Sample Means
6.3 Using the Sampling Distribution of the Sample Mean

7 Estimation and Confidence Intervals 3 jam kuliah

7.1 Point Estimates and Confidence Intervals 1 jam tutorial
7.2 A Confidence Interval for a Proportion
7.3 Finite-Population Correction Factor

8 One-Sample Tests of Hypothesis 6 jam kuliah

8.1 Introduction 1 jam tutorial
8.2 Five-Step Procedure for Testing a Hypothesis

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 8.3 One-Tailed and Two-Tailed Tests of Significance
8.4 Testing for a Population Mean with a Known Population
Standard Deviation
8.5 P- Value in Hypothesis Testing
8.6 Testing for a Population Mean: Large Sample,
Population Standard Deviation Unknown
8.7 Testing for a Population Mean: Small Sample, Population
Standard
Deviation Unknown

9 Two-Sample Tests of Hypothesis 3 jam kuliah

9.1 Introduction 1 jam tutorial
9.2 Two-Sample Tests of Hypothesis: Independent Samples
9.3 Comparing Population Means with Small Samples
9.4 Two-Sample Tests of Hypothesis: Dependent Samples

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0 Analysis of Variance 4 Jam kuliah
10.1 Introduction 1 jam tutorial
10.2 Comparing Two Population Variances
10.3 ANOVA Assumptions
10.4 The ANOVA Test
46 jam kuliah
Jumlah 10 jam tutorial

TEXT: Lind, D.A., Marchal, W.G. and Wathen, S.A. (2006). Basic Statistics for
Business and Economics. 5th Edition. Irwin McGraw-Hill.

REFERENCE: Ronald M. Weiers, Introduction to Business Statistics, 5th Edition,

2005,Thomson.

Anderson, D.R., Sweeney, D.J. and Williams, T.A. (2002). Statistics for
Business and Economics. Eight Edition. Ohio: Thomson Learning.

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