Other · Richards College of Business · Economics
Statistics for Business I
- Fall 2021
- Section N02
- 3 Credits
- 08/11/2021 to 12/10/2021
- Modified 08/11/2021
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]
- Office: Roy Richards Sr. Hall 345
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.
- Mondays, Wednesdays, Tuesdays, and Thursdays 1:30 PM to 3:00 PM
- By appointment (please send me an email to make an appointment)
In order to attend office hours, I ask that you sign up at this link (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 an online course. We will only meet once for an in-person final exam (more on this below). Instructional materials will be provided online through videos in which I walk you through the material as if you attend lectures in person. The videos are uploaded to the Content tab on CourseDen.
Videos are organized into different topics. The videos in each topic are arranged in the order that you should watch them, so just watch the playlists in the preset order, i.e. do not shuffle. The topics are numbered, and you should watch them in the order from the smallest-numbered playlist to the largest-numbered one.
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.
You are encouraged to participate in the discussion board on CourseDen. The discussion board can be accessed by logging on to CourseDen, clicking on the "Assessments" drop-down menu, and choosing "Discussions". This is where you can post (anonymously if you prefer) any questions about the materials you may have while studying for the class. You can also answer questions that others have posted. I will answer questions on the discussion board twice a week, once on Wednesday and once on Sunday as well.
Before posting to the discussion board, please keep in mind these rules of netiquette (I copied these off of the Internet):
- Before posting your question to a discussion board, check if anyone has asked it already and received a reply.
- Stay on topic – Don’t post irrelevant links, comments, thoughts, or pictures.
- Don’t type in ALL CAPS!
- Don’t write anything that sounds angry or sarcastic, even as a joke, because without hearing your tone of voice, your peers might not realize you’re joking.
- Always remember to say “Please” and “Thank you” when soliciting help from your classmates.
- Respect the opinions of your classmates. If you feel the need to disagree, do so respectfully and acknowledge the valid points in your classmate’s argument. Acknowledge that others are entitled to have their own perspective on the issue.
- If you reply to a question from a classmate and you’re not 100% sure that your response is accurate, make sure you say so.
- Don’t badmouth others or call them stupid. You may disagree with their ideas, but don’t mock the person.
- If you refer to something your classmate said earlier in the discussion, quote just a few key lines from their post so that others wont have to go back and figure out which post you’re referring to.
- Check the most recent comments before you reply to an older comment, since the issue might have already been resolved or opinions may have changed.
- Be forgiving. If your classmate makes a mistake, don’t badger him or her for it. Just let it go – it happens to the best of us.
- Run a spelling and grammar check before posting anything.
Tips on studying for the course
Some things you can do to do well in this class include, but are not limited to:
- Watch the video lectures and take notes as if you were attending an in person course. If you come across something that you don't understand, write it down.
- Do your best to find answers to things you don't fully understand above by posting in the discussion board or making an appointment to see me during office hours.
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 platform.
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:
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. Only the scores from your best attempts are used to calculate your grade. 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.
There are two midterm exams, both of which are administered on Connect. The majority of the questions on the midterms come straight from the problem sets on Connect (similar questions with different sets of numbers). There are two things you have to do for each exam:
- 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 midterms are tentatively scheduled for Thursday, September 23 and Thursday, October 28.
The final exam will be held in person during finals week. I will notify you once I know the time and location.
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 a grade of zero for the relevant assignment. 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!
About the Richards College of Business
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