Other · Richards College of Business · Economics
Statistics for Business I
- Summer 2021
- Section E01
- 3 Credits
- 06/01/2021 to 06/25/2021
- Modified 06/03/2021
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.
(MATH 1111 or MATH 1113 ) and CISM 2201 and Richards Col Upper Division RCUD
Dr. Trung Ly
- Email: [email protected]
Email is the primary mode of communication between you and me throughout this course. You are required to check your university-assigned email account for all class instructions and updates. You are encouraged to ask questions via email but should expect that it may take up to 24 hours to receive a response. If you do not receive a response after 24 hours, please follow up with another email. Due to the large number of emails I get on a daily basis, please start the subject line with "ECON 3402-XX", where XX is the section number.
All email correspondence should be professional, and should make use of a salutation, a sign-off, proper grammar, and as little slang as possible. This policy is not to encourage formality for its own sake, but rather to build habits to prepare you for your professional life after graduation.
Note: the only email I check is the one listed above. I NEVER check the mailbox that is provided within CourseDen.
- Monday through Thursday: 2:00 PM - 4:00 PM
- By appointment (please send me an email to make an appointment).
All office hours are held virtually. In order to attend office hours, I ask that you sign up at https://calendly.com/trunglyuwg. Once you make an appointment, you will receive a confirmation email with the date and time and a link to join the online meeting with me via Google Meet. If you use a computer, you just have to click on the link in the email. If you use a mobile device (phone or tablet), you may have to install Google Meet, which is a free app.
This course is fully online. Therefore, you need to have access to a computer and the Internet.
In lieu of lectures, there are YouTube videos in which I walk you through the material as if you attend lectures in person. These videos are organized by topics and are available in the Content tab on CourseDen. While I do not track your "video watching" progress, it is nearly impossible to do well in this course without watching the videos. I am more than happy to help you with course material as long as you watch the videos and put forth the proper effort.
Statistical Techniques in Business and Economics
- Author: Douglas Lind and William Marchal and Samuel Wathen
- Publisher: McGraw-Hill
- Edition: 18
The textbook used in this course is Statistical Techniques in Business and Economics by Wathen, Lind, and Marchal, 18th Edition. We use the Connect software that accompanies the textbook for problem sets and exams (more on Connect assignments below). You can purchase an access code through McGraw-Hill or from the bookstore. The access code gives you access to Connect as well as an eBook within the software.
LO1-Construct and interpret tabular and graphical methods of presenting qualitative and quantitative data (LG2, LG3, LG10)
LO2-Construct and interpret summary and numerical measures of location, variability, and association for the sample and the population (LG2, LG3, LG10)
LO3-Apply basic probability concepts, expected value and variance to a variety of different business applications (LG2, LG6, LG10)
LO4-Use discrete and continuous probability distributions and sampling distributions in a variety of business applications (LG2, LG3, LG6, LG10)
LO5-Construct and interpret interval estimates and hypothesis tests (LG2)
Final grades for the course are based on the following:
|Connect problem sets||35%|
I reserve the right to change this grade distribution if necessary
There is generally a problem set for each main topic covered in class. These problem sets are administered on Connect. You can do these problem sets as many times as you want before the due date. Even though Connect may only show you the average of each problem set, only the score from your best attempt is used to calculate your letter grade for the course. After the due dates, you can still attempt these problem sets as many times as you'd like, but those attempts will not be used for grade calculation. The purpose of these problem sets is twofold: first, they allow you to apply what you learn in lectures to specific problems; and second, they help you become familiar with Connect.
All problem sets have been made available on Connect. The due date for each problem set is as follows:
Problem set 1: due at 11:59 PM on Saturday, June 5, 2021.
Problem set 2: due at 11:59 PM on Tuesday, June 8, 2021.
Problem set 3: due at 11:59 PM on Sunday, June 13, 2021.
Problem set 4: due at 11:59 PM on Sunday, June 13, 2021.
Problem set 5: due at 11:59 PM on Friday, June 18, 2021.
Problem set 6: due at 11:59 PM on Monday, June 21, 2021.
Problem set 7: due at 11:59 PM on Thursday, June 24, 2021.
Several quizzes are be given throughout the course. These quizzes are available under the assessments drop-down menu on CourseDen. Questions on these quizzes are directly related to the content of the videos I post on YouTube. If you watch the videos and take notes, you should ace all these quizzes. The content of each quiz is obvious from the title of the quiz. Generally, you have two attempts at each quiz, and the best attempt is used to calculate your grade.
All quizzes have been made available on CourseDen as of 5:00 AM on June 3, 2021. Each quiz is due at the same time as the corresponding problem set on the same topic. In particular, the due date for each quiz is as follows:
Quiz 1: due at 11:59 PM on Saturday, June 5, 2021.
Quiz 2: due at 11:59 PM on Tuesday, June 8, 2021.
Quiz 3: due at 11:59 PM on Sunday, June 13, 2021.
Quiz 4: due at 11:59 PM on Sunday, June 18, 2021.
Quiz 5: due at 11:59 PM on Friday, June 21, 2021.
Quiz 6: due at 11:59 PM on Monday, June 24, 2021.
- Answer the questions and submit your exam on Connect.
- As you work on the exam questions, you should be writing down how you arrive at the answers on separate sheets of paper. Within five (05) minutes of when you submit your exam on Connect, you have to take pictures of your written work and submit them on CourseDen by going to the Assignment section under the Assessments drop-down menu. Alternatively, you can also email me your work.
Your written solutions should show all your work. If you don't show all the work leading up to the final answers you submit on Connect, you will not get full credits even if your final answers (on Connect) are correct. It is your responsibility to ensure that your written solutions are legible and that the quality of the photos is acceptable. What you submit to me should be something you feel comfortable submitting if this were a traditional face-to-face course. In other words, think of this as submitting an exam in a traditional face-to-face course.
Five points will be deducted for every minute your written solutions are submitted late. If you do not submit your written solutions at all, I will not grade your test, which results in a zero.
If there is anything that you feel prevents you from fulfilling this portion of exams, please let me know within the first week of the course.
The midterm exam is scheduled for Tuesday, June 15, 2021. It will covers the following topics: data & statistics, graphical/tabular descriptive statistics, numerical descriptive statistics, probability, discrete probability distributions, and continuous probability distributions.
The final exam is scheduled for Friday, June 25, 2021. It will only cover topics not tested on the midterm exam: sampling distribution, confidence intervals, and hypothesis testing.
I take academic integrity very seriously. You are expected to take the exams on your own without any outside help which includes in-person as well as online resources. Academic dishonesty, such as communicating during a test, using external materials for assistance on a test, or copying someone else's assignment, will result in grade of zero. All cases of suspected Academic Integrity violations will be sent to the Office of Community Standards.
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!
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