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University of North Florida, Department of Economics and Geography

ECO 3411: Business and Economics Statistics


Syllabus
Instructor: Andrs Gallo
Office: Coggin College of Business, Room 3137
Telephone: (904)620-1694
e-mail: agallo@unf.edu
Class Hours: Mon-Thu: 6:10pm-7:50pm Room: 2115
Office Hours: Mon-Thu: 4:30pm-6:00pm. Other times by appointment; walk-ins are OK.
1. Textbooks
Keller, Gerald, Statistics for Management and Economics, 10th Edition (with InfoTrac and
CDROM), South Western Cengage Learning, 2012.
Software: Excel with Data Analysis and Data Analysis Plus
2. Description of the Course
This course teaches students to use appropriate inferential statistical methods to make business
decisions properly and efficiently. Students use both spreadsheets and statistical software to
enter, summarize, graph, and analyze data, applying the results to a variety of real business
problems. The course covers hypothesis testing, chi-square analysis, analysis of variance,
correlation, simple and multiple regression, time-series analysis, and the use of index numbers.
Heavy emphasis is placed on the use of computer software to perform statistical testing.
Prerequisite: Introductory Statistics.
3. Course Requirements
Periodically, the instructor will post news and information in Blackboard. Students are
responsible for ensuring that they will check Blackboard daily.
Two midterm exams will be administered. Exams will cover all the topics discussed in
class plus applications of the techniques.
Attendance will be part of the grade. For each class missed students will loss 20% of the
grade assigned for attendance (up to 5 classes). Students could miss one classes without
justification.
4. Grading
Attendance:
Midterm I:
Midterm II:
Final Report:

10%
25%
25%
40%

Grades are assigned on a 10 point scale: 90-100=A, 80-89=B, 70-79=C, 60-69=D, 0-59=F. No
+/- grades will be used.
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ECO 3411

University of North Florida, Department of Economics and Geography

5. Academic Integrity
In order to protect the integrity of the teaching, learning, and evaluation process, the University
of North Florida expects all members of the academic community to respect the principle of
academic freedom and to behave with academic integrity. Briefly stated, academic misconduct
shall consist of any attempt to misrepresent one's performance on any exercise submitted for
evaluation. Violations of academic integrity include, but are not limited to:
1. Cheating: Intentionally using or attempting to use unauthorized materials, information,
notes, study aids or other devices in any academic exercise. This definition includes
unauthorized communication of information during an academic exercise.
2. Fabrication and Falsification: Intentional and unauthorized alteration or invention of any
information or citation in an academic exercise. Falsification is a matter of altering
information, while fabrication is a matter of inventing or counterfeiting information for
use in any academic exercise.
3. Multiple Submissions: The submission of substantial portions of the same academic work
for credit (including oral reports) more than once without authorization.
4. Plagiarism: Intentionally or knowingly presenting the work of another as one's own (i.e.,
without proper acknowledgment of the source). The sole exception to the requirement of
acknowledging sources is when the ideas, information, etc., are common knowledge.
5. Abuse of Academic Materials: Intentionally or knowingly destroying, stealing, or making
inaccessible library or other academic resource materials.
6. Complicity in Academic Dishonesty: Intentionally or knowingly helping or attempting to
help another commit an act of academic dishonesty.
Academic misconduct in any form in this course will not be tolerated. If an instance of
academic misconduct takes place, all students involved will receive a failing grade for the
course. There are no exceptions to this policy.
6. Assurance of Learning
Grades and/or test results may be used for program accountability (e.g., AACSB Accreditation)
and research. Individual students work and grades will not be used or published for research.
Only aggregate data will be utilized for purposes of research; there will be no intervention or
interaction with individuals, and the information will not be individually identifiable.
7. Continuity of Instruction
In the event of disruption of normal classroom activities due to an emergency such as hurricane,
pandemic or other unforeseen event or combination of events, the format of this course may be
modified in order to enable completion of the course requirements. In that event, you will be
provided an addendum to this syllabus that will supersede this version. It is your responsibility
as a student participant to be proactive during any emergency to find instructions that I will post
in Blackboard, which you should check daily.
8. Students with Disabilities
Students with disabilities who seek reasonable accommodations in the classroom or other aspects
of performing their coursework must first register with the UNF Disability Resource Center
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ECO 3411

University of North Florida, Department of Economics and Geography

(DRC) located in Building 57, Room 1500. DRC staff members work with students to obtain
required documentation of disability and to identify appropriate accommodations as required by
applicable disability laws including the Americans with Disabilities Act (ADA). After receiving
all necessary documentation, the DRC staff determines whether a student qualifies for services
with the DRC and if so, the accommodations the student requires will be provided. DRC staff
then prepares a letter for the student to provide faculty advising them of approved
accommodations. For further information, contact the DRC by phone (904) 620-2769, e-mail
drcexams@unf.edu, or visit the DRC website www.unf.edu/drc
Military and veteran students may need both physical and academic accommodations and may
contact the DRC to find further information. Military and veteran students who return from
combat exposure may be utilizing the post 9/11 GI bill to continue postsecondary education
goals. Contact Military and Veterans Resource Center by phone (904) 620-2655 or e-mail
mvrc@unf.edu
9. Classroom Etiquette
Students are expected to remain polite during classroom discussions. Even during heated
debates, you must treat your classmates with respect. Violation of this policy will result in a
reduction of your class participation grade. For example, you should not make derogatory
remarks about your classmates ideas. Instead, explain why you think they are wrong, backing up
your viewpoint with sound economic analysis and refrain from personal attacks. Another
example is being quiet while someone else (including your instructor!) has the floor.
You may not use cellular telephones or pagers in class. If you bring them to class, the
must be turned off. If there is an emergency situation that requires you to have an active
telephone or pager in class, you must notify Dr. Gallo in advance begins that your equipment will
be turned on. In such cases, pagers (and cell phones, if possible) should be set to vibrate, not to
sound an alarm. Violation of this policy will result in your being asked to leave the classroom for
the remainder of the period. Repeated violations will be reported to the appropriate UNF
authorities and will result in disciplinary action.

10. Wall Street Journal Fee


Each student enrolling in one or more Coggin College of Business (CCB) courses numbered
3000 or higher is assessed a $15 fee during each fall and spring semester. The fee is just $15,
regardless of how many CCB courses the student takes. The fee is assessed at the same time and
in the same manner as all other UNF fees, and the student pays this fee when he/she pays his
other tuition and fees. In return, each student is able to pick up a copy of The Wall Street Journal
(WSJ) from locations within the College. Moreover, each student will receive access to all of the
WSJ's on-line editions (e.g., European, Asian), as well as the WSJ Employment Edition and
Barrons. Access to these publications is free during summer terms for students enrolled in these
courses. Students who already have personal subscriptions can have the WSJ refund those dues.
For information on that process, as well as more about CCBs partnership with the WSJ, please
visit http://www.unf.edu/ccb/wsj.htm.

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ECO 3411

University of North Florida, Department of Economics and Geography

11. Tentative Course Schedule


The following table lists topics, required reading and assignments by date.
Day

Date

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

5-13
5-14
5-18
5-19
5-20
5-21
5-25
5-26
5-27
5-28
6-1
6-2
6-3
6-4
6-8
6-9
6-10
6-11
6-15
6-16
6-17
6-18

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Topics

Keller

Introduction to Hypothesis Testing, Inference about a Population


Inference about comparing two populations
ANOVA
ANOVA Continuation
Chi-Square Tests
Chi-Square Tests
Midterm I
Simple Linear Regression and Correlation
Simple Linear Regression and Correlation
Multiple Regression
Multiple Regression
Multiple Regression
Multiple Regression
Midterm II
Model Building
Model Building
Model Building
Model Building
Time Series Analysis and Forecasting
Time Series Analysis and Forecasting
Index Numbers
Final Exam

11 and 12
13
14
14
15
15

16
16
17
17
17
17
20
20
20
20
21
21

ECO 3411