BA2300 QUANTITATIVE METHODS I: PROBABILITY AND STATISICAL INFERENCE CRN 27508 003 Thursdays, 1:25-4:10 Room 17 Prentis WINTER

2014

Dr. David Williams 328.01 Prentis Building, (313) 577-4842 (with voice mail) Office Hours: Tuesdays, 1:00-2:00; Thursdays, 12:00-1:00; and by appointment E-mail: ad4287@wayne.edu; David.L.Williams@wayne.edu Office Hours: In addition to the office hours posted above, I will also hold "office hours" through the "Discussion Board" (under the "Tools" tab on Blackboard). In fact, I would prefer that you use the Discussion Board for general issues and questions about the course. This way, all students will have the benefit of the answers to your questions. If you have a communication of a personal nature, you can reach me by email, but please use the Discussion Board whenever feasible. Please remember to state your first and last name and the time your class meets in the email so I know who you are. Text and Software: Modern Business Statistics; Anderson, Sweeney, and Williams; 4th Edition; South-Western, Cengage Learning, 2012. ISBN 13: 978-0-538-47976-9. Access to the Aplia software which can be purchased from cengagebrain.com or at the bookstore There are three options for purchasing the textbook and Aplia access: 1. Buy the hardcopy of the text and Aplia access (with e-text) from the bookstore for approximately $318 plus tax. 2. Buy one-semester access to the e-text and Aplia from cengagebrain.com or the bookstore for approximately $116. 3. Buy two-semester access to the e-text and Aplia from cengagebrain.com or the bookstore for approximately $127. (This option makes sense if you also plan to take statistics next semester.) Course Description: The course description is the following: Measures of central tendency and dispersion. Introduction to the probability, normal, binomial, and Poisson distributions. Statistical inference and sampling methods. Computer techniques.

Learning Objectives Knowledge of statistics is useful in everyday life. But more importantly for the business student, it is essential in managerial decision making. Statistics help busy managers make sense of complex information. Statistical analysis can help us discover whether an event is something unusual or part of a consistent pattern that may require management action. Statistics are also a basic communication tool in any organization. Specific learning objectives of the course include: 1. To develop an understanding of the role of statistics in the modern organization and in the primary business functions. 2. To provide an overview of statistical reasoning and an understanding of the concepts and terminology of statistics. 3. To develop a clear understanding of many basic statistical techniques and their importance as a means of communication and a basis for decision making in the business environment. 4. To provide experience in applying statistical techniques and concepts through the use of exercises and sample problems. 5. To understand the value of statistical thinking in everyday life. Prerequisites MAT 1500 or equivalent or higher MAT course is a prerequisite for the course. BA 2300 is a repeat of statistics courses such as ECO 4100 or STA 1020 or equivalent. Note, you must earn a grade of C or better in the course to satisfy the requirements for a business degree. It is also strongly suggested that students complete the Computer Literacy and Competency Requirements outlined in the University Bulletin before enrolling in BA 2300. If, at any point during the semester, you have concerns that your math or computer skills are inadequate for the course, please contact me so that we can discuss a plan to bring your skills to the appropriate level. Please note that the Aplia software contains modules on basic math skills for those who may need them. Class Time You are expected to be an active participant in the learning process. A major purpose of our class sessions will be to discuss the reading material and to go through examples of statistical tools and techniques. To make this most useful, the reading assignments and practice problems should be completed prior to the class for which they are assigned. Technology Requirements We will make extensive use of Wayne State's Blackboard system in the course. I will post Power Point slides for each class session, solutions to the practice problems (after the class when they are discussed), the study guides for the exams, and any other appropriate material.

3 I will also use Blackboard to maintain the grade book for the course. Most importantly, I will post announcements on Blackboard that pertain to last minute issues in the course such as problems with the Aplia system or emergency closures of the university that prevent us from meeting as scheduled. So please check the course Blackboard site frequently. I will also use the WSU email system for one-on-one communication, so please check your WSU email regularly, as well. If you experience difficulty accessing Blackboard, WSU email, the e-text, or the Aplia website from your personal computer, you can use the SBA Computer Lab for access (Room 7 Prentis Building).

Grading Criteria Aplia Homework 8@45 Excel Assignments 2@45 Mid-Term Exams 2@150 Final Exam Total Final Grades

Points 360 90 300 250 1000

Final course grades will be assigned based on the students total points as follows: Points 934-1000 900-933 867-899 834-866 800-833 767-799 734-766 700-733 667-699 634-666 600-633 0-599 Midterm and Final Exams The three exams in the course will all be in a multiple-choice format. The two midterms will cover only the material for that section of the course. The final is comprehensive but approximately 50-60% of the points will be from the material assigned after the second midterm. I will provide Study Guides to help you prepare for each of the exams. However, you may NOT use the Study Guides or your own crib sheets during the exam. Some of the exam questions may involve considerable computation. The more complex formulas needed to answer these exam questions will be included in an attachment to the exam. Course Grade A AB+ B BC+ C CD+ D DE

4 You will need an old-style hand calculator for the exams, but may not share it with other students. For obvious reasons, cell phones, notebook PCs, and the like are strictly forbidden during exams. If you absolutely need to bring a cell phone to an exam, you must place it on the table at the front of the class before the start of the exam. Students abusing these restrictions may have their exam taken away and receive only the points they have earned to that point. Make-up Exam Policy Exams can be made-up only under special circumstances and only with the professors approval prior to the regularly-scheduled exam. If an exam is missed without notifying the professor in advance it cannot be made-up and will be given a score of zero. Make-up exams should be taken within 72 hours of the regularly scheduled exam time and will include new questions. Late Aplia/Excel Assignments Student access to Aplia assignments will be shut off at the deadline (Sunday nights at 10:00pm, see Course Schedule below). Regardless of reason, points for Aplia assignments completed after the deadline will be reduced by 5% of the possible points (one-half letter grade) for each whole or partial business day they are late. Aplia assignments will not be accepted (and assigned zero points) more than one week after the due date (after 9:00pm of the Sunday following the original due date). Late Excel assignments will also be accepted only up to one week late and the grade reduced by 5% for each business day they are late. These deadlines will be extended only under very special circumstances and only with the professors approval prior to the deadline. Class Attendance You are expected to attend class regularly, to be on time and in your seat when class begins, and to stay in the classroom until class is finished. While class attendance will not be taken, attending class is important because it allows the student to gain additional exposure to the material, to benefit from the questions asked by other students, and to learn through the practice problems covered in class. If you miss a class it is your responsibility to acquire the material from fellow students. Office hours are not meant to rehash missed material. At the same time, it is university policy to respect the faith and religious obligations of the individual. Students with classes or examinations that conflict with their religious observances are expected to notify the professor so that mutually agreeable alternatives may be worked out. Withdrawals and Incomplete Grades We will follow the default university policies on withdrawal. If you decide to withdraw, please consult the Registrars Calendar (http://reg.wayne.edu/students/registration-calendar12-13.php) for appropriate deadlines.

5 Obtaining a grade of incomplete (I) is NOT a routine option. Is will be given only fo r major health problems or other significant personal issues.

Academic Integrity Academic misbehavior means any activity that tends to compromise the academic integrity of the institutions or subvert the education process. This includes cheating on exams or submitting work as ones own that was done by another. All forms of academic misbehavior are prohibited at Wayne State University, as outlined in the Student Code of Conduct. Any student found cheating will receive zero points for the assignment and may be subject to further academic discipline, up to and including dismissal from the university. Further information about Student Judicial Procedures is set forth in documents from the Dean of Students Office. Student Disability Services The Student Disability Services (SDS) office is located at 1600 Adamany Undergraduate Library in the Student Academic Success Services department. SDS telephone number is 313-577-1851 or 313-577-3365 (TTY: telecommunication device for the deaf; phone for hearing impaired students only). SDS mission is to assist the university in creating an accessible community where students with disabilities have an equal opportunity to fully participate in their educational experience at Wayne State University. If you have a documented disability that requires accommodations, you will need to register with SDS for coordination of your academic accommodations. Once you have your accommodations in place, I will be happy to meet with you privately to discuss your special needs. Course Schedule The following table shows the weekly schedule for the course. The class meets on Thursdays (except for the break week and the week of the Study Day). For weeks when there is an Aplia assignment due, you have until 10:00pm Sunday at the end of that week to complete it. For example the first assignment is due the week of 1/13 which means it must be complete by Sunday 1/19 at 10pm. This will allow you the whole weekend following completion of the chapter to finish the assignment. But dont procrastination, please! If you complete the assignment the week after it is due you will be subject to a penalty of 5% of the possible points for each business day past the due date. Access to the assignments will be turned off entirely after one week past the due date (9:00pm Sunday). The schedule also lists recommended problems from each chapter. Working these problems is excellent preparation for the exams and Aplia assignments. I will go over the solutions to these problems as we finish each chapter. Note that these are odd numbered problems. You may also work the even numbered problems for additional practice. The answers to the even problems are given in an appendix to the textbook.

6 BA2300 QUANTITATIVE METHODS I CRN 27508 003 - WINTER 2014 COURSE SCHEDULE Chapter To Read PRIOR to Class
1.1 1.5 1.6 -1.8, 2.1, 2.2, 2.4 3.1 3.4 3.5 3.6

Date of Class 1/9 1/16

Topics
Course Introduction, Data & Statistics Summarizing Data, Crosstabs,

Recommended Chapter Problems

Aplia Assignment Due Sunday of Week by 10pm -

1: 7, 9, 11, 15, 19; 2: 7, 31, 41, 49

Aplia Chap. 1

1/23 1/30

Measures of Location Variability, & Shape Measures of Association, Weighted Data, Review for Exam I

Aplia Chap. 2
3: 5, 21, 31, 45, 63

Aplia Chap. 3

2/6 2/13 2/20

13 4.1 4.3, 5.1 5.2 5.5

EXAM I Excel 1
Probabilities & Events Random Variables Discrete Probability Distributions, Expected Value, Binomial & Poisson Distributions Uniform & Normal Distributions, Review for Exam II
4: 3, 7, 21, 25 Excel 1 Due 5: 7, 21, 33, 43, 55 6: 3, 9, 13, 21, 39

Aplia Chap. 4 Aplia Chap. 5

2/27 3/6 3/13 3/20

6.1, 6.2 4-6

Aplia Chap. 6

EXAM II
Excel 2

SPRING BREAK
7.1 7.6 Sampling; Point Estimation, Sampling Distributions of Mean & Proportion Interval Estimation of Mean & Proportion, Determining Sample Size Hypotheses and Error Types Hypothesis Tests for Mean & Proportion Review for Final Exam
7: 9, 13, 21, 27, 31

3/27 4/3 4/10 4/17 4/24 TBD

8.1 8.4

Excel 2 Due 8: 1, 7, 19, 35, 51, 57

Aplia Chap. 7

9.1 9.2 9.3 9.5

Aplia Chap. 8
9: 1, 3, 7, 9, 17, 33, 35, 59

1-9

NO CLASS MEETING FINAL EXAM