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Other · Richards College of Business · Economics

Statistics for Business I
ECON-3402

  • Spring 2021
  • Section E01
  • 3 Credits
  • 01/09/2021 to 05/11/2021
  • Modified 01/10/2021

Description

Course emphasis is on applications of statistics in business. Topics include methods of presenting data, numerical measures and correlation, probability theory and probability distributions, sampling distributions, estimation, and hypothesis testing.

Requisites

Prerequisites:
(MATH 1111 or MATH 1113 ) and CISM 2201 and Richards Col Upper Division RCUD
Corequisites:

Contact Information

Instructor: Dr. WILLIAM J. (Joey) SMITH

I much prefer Joey over "Dr. Smith." Since I am off campus most of the time, email [email protected] is the quickest way to get in touch with me at the moment. I will be adding additional contact info soon.

Office Hours

  • Thursdays
  • Online

Thursdays TBA, Online by Appointment. Please, contact me using my campus email address ([email protected]). I do not utilize the email function in CourseDen. If I need to individually contact students in the class, I will do this via your official university email address. However, I may post announcements impacting the entire class in CourseDen Announcement tool.

Meeting Times

Online Lectures

  • Uploaded Weekly
  • Online

Materials

Introductory Business Statistics

  • Author: Holmes, Illowsky, & Dean
  • Publisher: OpenStax
  • Edition: Sep 02, 2020
  • ISBN: 10: 1-947172-47-6
  • Availability: Free online
  • Price: Free

https://openstax.org/details/books/introductory-business-statistics

Outcomes

Students will:

- construct and interpret tabular and graphical methods of presenting qualitative and quantitative data.

- construct and interpret summary numerical measures of location, variability, and association for the sample and the population.

- apply basic probability concepts, expected value, and variance to a variety of business applications

- use discrete and continuous probability distributions and sampling distributions in a variety of business applications.

- construct and interpret interval estimates and be able to determine the required sample size for constructing interval estimates.

- estimate regression models, evaluate the results of regression models, and use the results for prediction and forecasting.

- use Microsoft Excel to generate descriptive statistics and perform regression and correlation analysis.

Evaluation

Grading in the course will be based on your performance on four tests, in-class quizzes and other activities as well as a take home Excel regression assignment. The examinations will be composed of short answer, calculation-based, and multiple-choice questions based on class lecture/discussion and on the assigned videos from the Against All Odds video series and narrated PowerPoints. Each of the exam will be worth 20% of your grade. A missed exam will result in the comprehensive final replacing the missed exam. All exams will be conducted in CourseDen (online). For students who have completed all four exams, I will allow the final to replace your lowest exam grade (assuming the grade on the final is better than one of the other exams). 20% of your final grade will be based on your performance on quizzes and other assignments, which includes an Excel regression assignment (see below for details). The in-class quizzes will be based on material in the Against All Odds videos. There are no makeups for any missed in-class quiz or activity (without an official verified excuse).

Criteria

Breakdown

Assignments

Exam 1

Exam 2

Exam 3

Exam 4

Final Exam (optional or as a makeup)

Exams Comprise 80% of the final grade

 

There will be six quizzes and one Regression Assignment

Quizzes and Assignments Comprise 20% of the final grade

Schedule

ECON 3402 Anticipated Course Schedule, Topics, and Assignments/Important Dates

Class 

Topics

Assignments

Section 1

1/11/21

Intro to Course

Video Introduction (Joey Smith)

1/12/21

Module 1: Sampling and Data

Chap 1 Sampling and Data PDF Reading

Topic 1 PowerPoint: Sampling and Data

Watch Against All Odds videos (Programs 1, 16, and 17)

1/14/21

Module 2: Descriptive Statistics

Chap 2 Descriptive Statistics PDF Reading

Topic 2 PowerPoint: Descriptive Statistics - Part I and Part II

1/19/21

Module 2: Descriptive Statistics

Topic 2 PowerPoint: Descriptive Statistics - Part III

Watch Against All Odds videos (Programs 2-6)

Online Quiz #1 Opens

(covers Modules 1&2)

1/21/21

Module 3: Probabilities

Chap 3 Probabilities PDF Reading

Topic 3 PowerPoint: Probabilities

Online Quiz #1 Closes 11:30PM

1/26/21

Self-Directed Review of Modules 1-3

Online Quiz #2 Opens

(covers Module 3)

1/28/21

All of Modules 1-3

Online Quiz #2 Closes

Online Exam #1 Opens

(covers Modules 1, 2, & 3)

1/30/21

All of Modules 1-3

Online Exam #1 Closes 11:30PM

Section 2

2/2/21

Module 4: Discrete Random Variables

(Binomial Distribution)

Chap 4 Discrete Random Variables PDF Reading

Topic 4 PowerPoint: Discrete Random Vars - Binomial Dist.

Watch Against All Odds videos (Programs 18-19)

2/4/21

Module 4: Discrete Random Variables

(Poisson Distribution)

Topic 4 PowerPoint: Discrete Random Vars - Poisson Dist.

Watch Against All Odds videos (Programs 20-21)

2/9/21

Module 5: Continuous Random Variables

(The Uniform Distribution and others)

Chap 5 Continuous Random Variables PDF Reading

Topic 5 PowerPoint: Continuous Random Variables

Online Quiz #3 Opens

(covers Module 4)

2/11/21

Module 5: Continuous Random Variables

(The Uniform Distribution and others)

Online Quiz #3 Closes 11:30PM

(I may be unavailable from 2/11 to 2/13 due to a conference)

2/16/21

Module 6: The Normal Distribution

Chap 6 The Normal Distribution

Topic 6 PowerPoint: The Normal Distribution

Watch Against All Odds (Programs 7-9)

2/18/21

Module 6: Normal Distribution

TBA - Forthcoming

2/23/21

Module 6: Normal Distribution

Online Quiz #4 Opens

(covers Modules 5 & 6)

2/25/21

All of Modules 4-6

Online Quiz #4 Closes 11:30PM

Online Exam #2 Opens

(covers Modules 4, 5, & 6)

2/27/21

All of Modules 4-6

Online Exam #2 Closes 11:30PM

Section 3

3/2/21

Module 7: Central Limit Theorem

Chap 7 Central Limit Theorem PDF Reading

Topic 7 PowerPoint: Central Limit Theorem

Watch or Review Against All Odds (Programs 16-17; 22)

3/4/2021 Last Day to Withdraw with a Grade of W from Full Session Classes (that applies to us!).

3/4/21

Module 7: Central Limit Theorem

TBA - Forthcoming

3/9/21

Module 8: Confidence Intervals

Chap 8 Confidence Intervals PDF Reading

Topic 8 PowerPoint: Confidence Intervals

Watch Against All Odds (Programs 23-24)

Quiz #5 Opens

(covers Modules 7 & 8)

3/11/21

Module 8: Confidence Intervals

Quiz #5 Closes 11:30PM

3/15/21 – 3/19/21 OFFICIAL DATES OF UWG SPRING BREAK

3/23/21

TBA

TBA - Forthcoming

3/25/21

 

Online Exam #3 Opens (covers Module 7 & 8)

3/27/21

 

Online Exam #3 Closes 11:30PM

Section 4

3/30/21

Module 9: Hypothesis Testing with One Sample

Chap 9 Hypothesis Testing PDF Reading

Topic 9 PowerPoint: Hypothesis Testing

Watch Against All Odds (Programs 25-26)

4/1/21

Module 9: Hypothesis Testing with One Sample

Watch Against All Odds (Programs 10, 11, 12, 13, and 14)

4/6/21

TBA

TBA Forthcoming

4/8/21

Module 9 and 10: Hypothesis Testing with One Sample/Linear Regression & Correlation

Chap 9 & Chap 13 Hypothesis Testing and Regression

Topic 10 PowerPoint: Linear Regression & Correlation (Chap 13 in text)

4/13/21

Module 10: Linear Regression & Correlation

Chap 13 Linear Regression & Correlation

Online Quiz #6 Opens

(covers Module 9)

4/15/21

Module 10: Linear Regression & Correlation

Online Quiz #6 Closes 11:30PM

4/20/21

Module 10: Linear Regression & Correlation

Regression Assignment Opens

(covers material from Module 9 & 10)

4/22/21

 

Online Exam #4 Opens

(covers Modules 9 and 10)

4/24/21

 

Online Exam #4 Closes 11:30PM

End of New Materials

4/27/21

TBA

Regression Assignment Due

4/29/21

REVIEW FOR FINAL

REVIEW FOR FINAL

5/4/21

Reading Day

Reading Day

5/5/21 - 5/11/21

Final Exam Week (Optional)**

Actual Date of the Final Exam Determined by the Scoop and/or the UWG Academic Calendar. I will update this syllabus soon.

5/17/21

Final Grades Due to Registrar’s Office

Final Grades Due to Registrar’s Office

Note: The chapters covered on each test are subject to change. The chapters to be covered on each test will be announced in the CourseDen Announcement Tool before the test. The scheduled test dates/times will not change unless the university is officially closed on one of those days, cancelling both face-to-face and online classes. Your decision to take the final exam is YOUR decision, not mine; However, if you do not take the final, your grade will be based on your previous four exam grades and quizzes and/or assignments, NO MATTER WHAT THOSE GRADES ARE. Given that exams and quizzes/assignments are online and open over multiple days, only a valid physician’s note (verified via our health center’s office) will be accepted to obtain more time. No excuse is necessary to substitute the comprehensive final for one of the four regular exams. If you take all five exams, only the highest four will be used to determine your final grade.

College/School Policies

Wolf Pact

Having read the Honor Code for the University of West Georgia, I understand and accept my responsibility to uphold the values described therein and to conduct myself in a manner that will reflect the values of UWG and the Richards College of Business so as to respect the rights of all UWG community members. As a UWG student, I will represent myself truthfully and complete all academic assignments honestly and within the parameters set by my instructor.

I understand and accept that if I am found guilty of violations (through processes due me as a UWG student and outlined in the UWG Student Handbook), penalties will be imposed.

I also recognize that my responsibility includes a willingness to confront members of the UWG community if I feel there has been a violation of the Honor Code.  

Ultimately, I will conduct myself in a manner that promotes UWG as the best place to work, learn, and succeed for my generation, and those to come!

About the Richards College of Business

Vision
To become a globally recognized college of business preparing forward-thinking, responsible leaders.

Mission
We are in the business of transforming lives through education, engagement, and experiences.

Strategic Goals and Values

Student Success
Admit quality students and provide them with an education that is rich in experiences and engagement opportunities to prepare them to be effective and ethical professionals.

Academic Success
Recruit, retain and develop faculty and staff by providing sufficient resources to support dynamic and up-to-date bachelor and master-level curricula, to conduct research and other professional activities, and to support engagement with all stakeholders.

Operational Success
Recruit, retain and develop administrative management and staff personnel to manage, develop and support infrastructure and those activities that build internal and external partnerships while working in an ever-changing environment.

Ethical Values
The Richards College of Business community (administrators, faculty, staff, students, and business partners) share a commitment to the principles of honesty and integrity in interactions and undertakings, accountability for personal behavior, and respect for the rights, differences, and dignity of others. In addition, we strive to continuously improve our abilities to recognize unethical behavior and to make ethical and moral decisions.

Institutional Policies

Academic Support

Accessibility Services: Students with a documented disability may work with UWG Accessibility Services to receive essential services specific to their disability. All entitlements to accommodations are based on documentation and USG Board of Regents standards. If a student needs course adaptations or accommodations because of a disability or chronic illness, or if he/she needs to make special arrangements in case the building must be evacuated, the student should notify his/her instructor in writing and provide a copy of his/her Student Accommodations Report (SAR), which is available only from Accessibility Services. Faculty cannot offer accommodations without timely receipt of the SAR; further, no retroactive accommodations will be given. For more information, please contact Accessibility Services.

Center for Academic Success: The Center for Academic Success provides services, programs, and opportunities to help all undergraduate students succeed academically. For more information, contact them: 678-839-6280 or [email protected]

University Writing Center: The University Writing Center assists students with all areas of the writing process. For more information, contact them: 678-839-6513 or [email protected]

Online Courses

UWG takes students’ privacy concerns seriously: technology-enhanced and partially and fully online courses use sites and entities beyond UWG and students have the right to know the privacy policies of these entities. For more information on privacy and accessibility for the most commonly used sites, as well as technology requirements visit the UWG Online site.

Students enrolled in online courses can find answers to many of their questions in the Online/Off-Campus Student Guide.

If a student is experiencing distress and needs help, please see the resources available at the UWG Cares site. Online counseling is also available for online students.

Honor Code

At the University of West Georgia, we believe that academic and personal integrity are based upon honesty, trust, fairness, respect, and responsibility. Students at West Georgia assume responsibility for upholding the honor code. West Georgia students pledge to refrain from engaging in acts that do not maintain academic and personal integrity. These include, but are not limited to, plagiarism, cheating, fabrication, aid of academic dishonesty, lying, bribery or threats, and stealing. 

The University of West Georgia maintains and monitors a confidential Academic Dishonesty Tracking System. This database collects and reports patterns of repeated student violations across all the Colleges, the Ingram Library, and the School of Nursing. Each incidence of academic dishonesty is subject to review and consideration by the instructor, and is subject to a range of academic penalties including, but not limited to, failing the assignment and/or failing the course. Student conduct sanctions range from verbal warning to suspension or expulsion depending on the magnitude of the offense and/or number of offenses. The incident becomes part of the student’s conduct record at UWG.

Additionally, the student is responsible for safeguarding his/her computer account. The student’s account and network connection are for his/her individual use. A computer account is to be used only by the person to whom it has been issued. The student is responsible for all actions originating through his/her account or network connection. Students must not impersonate others or misrepresent or conceal their identities in electronic messages and actions. For more information on the University of West Georgia Honor Code, please see the Student Handbook.

UWG Email Policy

University of West Georgia students are provided a MyUWG e-mail account. The University considers this account to be an official means of communication between the University and the student. The purpose of the official use of the student e-mail account is to provide an effective means of communicating important university related information to UWG students in a timely manner. It is the student’s responsibility to check his or her email.

Credit Hour Policy

The University of West Georgia grants one semester hour of credit for work equivalent to a minimum of one hour (50 minutes) of in-class or other direct faculty instruction AND two hours of student work outside of class per week for approximately fifteen weeks. For each course, the course syllabus will document the amount of in-class (or other direct faculty instruction) and out-of-class work required to earn the credit hour(s) assigned to the course. Out-of-class work will include all forms of credit-bearing activity, including but not limited to assignments, readings, observations, and musical practice. Where available, the university grants academic credit for students who verify via competency-based testing, that they have accomplished the learning outcomes associated with a course that would normally meet the requirements outlined above (e.g. AP credit, CLEP, and departmental exams).

HB 280 (Campus Carry)

UWG follows University System of Georgia (USG) guidance: http://www.usg.edu/hb280/additional_information#

You may also visit our website for help with USG Guidance: https://www.westga.edu/police/campus-carry.php

Mental Health Support

If you or another student find that you are experiencing a mental health issue, free confidential services are available on campus in the Counseling Center. Students who have experienced sexual or domestic violence may receive confidential medical and advocacy services with the Patient Advocates in Health Services. To report a concern anonymously, please go to UWGcares.

ELL Resources

If you are a student having difficulty with English language skills, and / or U.S. culture is not your home culture, specialized resources are available to help you succeed. Please visit the E.L.L. resource page for more information.

COVID-19

Proctored Exams/Online Instruction: Students should be aware and plan ahead for the possibility of having to complete all courses and/or exams online or in a proctored environment. This means talking with your instructors about what minimum technical requirements (software and hardware) will be required should your class move online or a student's personal needs dictate. This also includes making plans for internet access at whatever location participation may occur.

Virtual or in-person proctored exams, if your instructor should require them, may result in an additional cost to the student. Please discuss these details with your instructor or see the information provided here.

Face Coverings: Effective July 15, 2020, University System of Georgia institutions, including the University of West Georgia, will require all faculty, staff, students, and visitors to wear an appropriate face covering while inside campus facilities/buildings where six feet social distancing may not always be possible. Face covering use will be in addition to and is not a substitute for social distancing.

Face coverings are not required in campus outdoor settings where social distancing requirements are met. Anyone not using a face covering when required will be asked to wear one or must leave the area.

Reasonable accommodations may be made for those who are unable to wear a face covering for documented health reasons.

Student FAQs: For more information about UWG COVID-19 guidance for students visit the Student FAQ webpage

 

Additional Items