BA 302

BUSINESS AND ECONOMIC STATISTICS

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BA 302 -002

BUSINESS AND ECONOMIC STATISTICS ( Spring 2011)

Powerpoint Slides                         Solved Problems 

 

 Course Syllabus for BA 302 Online

Professor:

E. J. Manton

E-Mail:

Edgar_Manton@tamu-commerce.edu

      Office:     

BA 327

 

 

Office Hours:

  

 

 

   9.00 am – 9:30 am; 5:45-6:15 pm (Rockwall)
 W 9:00 am -12noon : 1:30pm-3:00pm
 R   9:00am-9:30 am :1:30pm- 3.00 pm 

                

                

Phone:

903.886.5684 (office)

903.886.5693 (fax)

903.455.8829(home)

 

 

 

Required Text:
D. A. Lind/W. G. Marshal/S. A. Wathen, Statistical Techniques in Business & Economics – McGraw Hill Irwin, 14th edition ISBN- 978-0-07-340176-8

Course Description:
 A course dealing with statistical concepts including measures of central tendency and dispersion, probability distributions, the Central Limit Theorem, sampling, estimation, hypothesis testing, correlation and regression analysis.

Course Prerequisite:
 Math 141, 175 or equivalent.

Course Objectives:
The objective of this course is to provide a foundation for the business student on basic principles of statistics to include measurements of location and dispersion, probability, probability distributions, sampling, estimation, hypothesis testing, regression and correlation analysis, and multiple regression.

 1.  The student will know the definition of inferential statistics.

 2.  The student will be able to identify the measures of central tendency.

 3.  The student will know the definition of  variance.

 4.  The student will be able to use the normal distribution table to solve a problem.

 5.  The student will be able to use the binomial distribution tables to solve a problem.

 6.  The student will be able to use the  POISSON  distribution table to solve a problem.

 7.  The student will know the definition of a sampling distribution of means.

 8.  The student will know the central limit theorem.

 9.  The student will know the definition of a Type I and a Type II error.

10.  The student will be able to calculate a confidence interval for a population parameter.

11.  The student will be able to test a statistical hypothesis.

12.  The student will know the definition of correlation.

13.  The student will know how to calculate a correlation coefficient.

14.  The student will know how to calculate a regression equation.

Students with Disabilities:
The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you have a disability requiring an accommodation, please contact:
Office of Student Disability Resources and Services
Texas A&M University-Commerce
Gee Library, Room 132
Phone (903) 886-5150 or (903) 886-5835
Fax (903) 468-8148
StudentDisabilityServices@tamu-commerce.edu

 

Grading Policy:
Evaluation of student performance will be based primarily upon four equally weighted tests. They will count for 84% of the course grade. There is no comprehensive final exam. Selected home work problems will count 16% of the grade. Grades for the course will be determined by achieving the following average ranges:  

Average Range

Grade

90-100

A

80-89

B

70-79

C

60-69

D

Below 60

F

 

NOTE THE FOLLOWING:

  1. The assignments listed are tentative for the semester. It is meant to be a guide. Certain topics may be stressed more or less than indicated in the text and, depending on class progress, certain topics may be omitted.
  2. Homework: Homework problems are identified, but will not be collected or graded. Solution to most of these homework problems can be found at the "solved problems" link. These are intended for you to try and practice on your own. You need to do this. Additional selected homework problems (see below) are assigned to be turned in approximately each week. They are typically due on a Saturday, but early submissions would be appreciated. The solutions to these problems will be provided by the following Monday. Only doing the 2 or 3 selected homework  problems to hand in for each chapter probably will not be enough to succeed in the course.  You must attempt to work and study the identified problems as well for practice.
  3. Missed examination: A missed examination may be made-up during the week of final exams. This make-up exam will be comprehensive.
  4. Students are expected to:
    1. Complete and submit the   Orientation Quiz  by Monday, Jan 24, 2011.
    2. Read text assignments as scheduled.
    3. Read the chapter lectures.
    4. Review text power point presentation on assigned text material.
    5. Work the identified homework problems independently (Note: solutions may be found on course website).
    6. Turn in selected homework problems due as indicated.
    7. Read the weekly (approximately) email messages with additional comments on subject matter.
  5. Exams: All Exams will be conducted on Thursday or Friday evenings between 7pm and 9:30pm Central Standard time. Students will sign on the designated chapter and click on the exam link. A password will be provided and the time to complete the exam will be strictly observed.

6.       Students should read chapters, do as many of the identified homework problems as possible and be familiar with the chapter summaries and the end of chapter self-examinations.

 Class Schedule:
The schedule will depend on class progress. Chapter assignments and tests may be altered as the class progresses. 

 Selected Problem Percentage

Text Assignment

Topic

Exam

Dates

 

1 %

Chapter 1

What is Statistics?

 

 

1 %

Chapter 2

Describing Data- Frequency Distribution and Graphic Presentation

 

 

1 %

Chapter 3

Describing Data-Measures of Central Tendency

 

 

1 %

Chapter 4

Other Descriptive Measures

 Exam 1

Feb 10 or 11

1 %

Chapter 5

A Survey of Probability Concepts

 

 

1 %

Chapter 6

Discrete Probability Distributions

 

 

2 %

Chapter 7

The Normal Probability Distribution

 

 

1 %

Chapter 8

Sampling Methods and the Central Limit Theorem

Exam 2

Mar 10 or 11

1 %

Chapter 9

Estimation and Confidence Intervals

2 %

Chapter 10

One-Sample Tests of Hypothesis

 

 

1 %

Chapter 11

Two-Sample Tests of Hypothesis

 Exam 3

Apr 14 or 15

2 %

Chapter 13

Linear Regression and Correlation

 

 

2 %

Chapter 14

Multiple Regression and Correlation Analysis

Exam 4

May 12 or 13

IDENTIFIED PROBLEM ASSIGNMENTS (To study and solve on your own- Solutions in solved problems):

Chapter 1: 1,5,6,7,8,9

Chapter 2:12,18, 22

Chapter 3: 3,10,14,18, 20, 37, 41, 46, 47, 49,53,54, 59, 60, 65

Chapter 4: 5,10,11,13,19,20, 22,2 4, 25, 36

Chapter 5: 1,3,4,8,11,12,14,17,18, 26,27, 28,29, 41, 42, 43, 44, 45, 66,67,78

Chapter 6: 1, 2,5,7, 9,13,15,19, 20, 21, 22, 23, 31, 32,33, 34, 35, 46, 60,61

Chapter 7: 4,9,11,13,17,18, 20,21, 23,24,26,29,30,31, 32, 41

Chapter 8: 6,15,16,17, 18,34,35

Chapter 9: 1, 2, 3, 4,5, 7, 9, 11,12,13,15,16,17,18,19, 20, 23, 27, 29, 31,43,44,46,48,50

Chapter 10: 1, 2, 5, 6, 7, 8, 9, 10,11,12,13,18,19, 20, 21,22,23,25,32, 36, 35, 52, 54

Chapter 11: 3, 4, 5, 6,8,11,12,14,15,16,19,25,28,32, 33 , Additional problem 1, 2

Chapter 13: 1, 2, 5,7, 8,13,14,15,16,19, 21, 22, 27, 28  

Chapter 14: 1, 2, 3, 4

 

SELECTED HOME WORK PROBLEMS TO BE TURNED IN-

  • The schedule will depend on class progress. Chapter assignments and tests may be altered as the class progresses. Students should read chapters, do as many of the identified homework problems as possible and be familiar with the chapter summaries and the end of chapter self-examinations. The assigned selected homework problems are due on the Saturdays that are indicated at midnight.

Chapter

Selected Problem(s)

Due Date

Chapter 1
 

Orientation Quiz
 

  Jan 24

Chapter 2

#17 page 39, #21 page 43 (Note: hand sketches are acceptable for histogram, frequency polygon, etc.)

Jan 24

Chapter 3

#62 page 89, #80 page 94 (Note: additional problems will be assigned for these problems for Chapter 4),

 Jan 29

Chapter 4

#9 page 107, #14 page 111, also calculate the Coefficient of Variation for problem #3-62  and the Pearson Coefficient of Skewness for  problem #3-80 from chapter #3.

 Feb 5

Chapter 5

#50 page 174, #62 page 175, #66 page 176

 Feb 19

Chapter 6

#5 page 190, #24 page 200, #34 page 208

 Feb 25

Chapter 7

#19 page 235,also calculate the percentage of returns which are less than $3000, #21 page 235, #26 page 237

March 5

Chapter 8

#34 page 285, #42 page 286

 March 26

Chapter 9

#8 page 298, #40 page 316, #61 page 318

 April 2

Chapter 10

#32 page 357, #46 page 359, #54 page 360

 April 9

Chapter 11
 

#6 page 371, #16 page 380, #12 page 375
 

April 23

Chapter 13                

 Problem 13-4 page 463. In addition to solving for r  and r squared, test the model for statistical significance, and interpreting.  Find the regression equation, and Syx and solve by excel. (Hand Sketch of the scatter diagram is acceptable).See ch. sidebar for further instructions on this assignment.

  April 30

 

Chapter 14

 Solve the assigned problems using excel solutions only.  See ch. sidebar for further instructions on this assignment.  

May 7

 

  Selected problems may be submitted via:

e-college

Drop box