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Main Campus · Richards College of Business · Economics

Statistics for Business II

  • Fall 2020
  • Section 01
  • 3 Credits
  • 08/12/2020 to 12/05/2020
  • Modified 11/17/2020


This course covers basic quantitative tools for use in strategic and business decision making. Topics include decision analysis, linear regression, forecasting, linear programming and waiting line models.


(ECON 3402 or MATH 2063 ) and MATH 1413 and Richards Col Upper Division RCUD

Contact Information

Instructor: Dr Salvador Lopez

Office Hours

  • By appointment, 9-11 am, M - Th
  • BB Collaborate Room

Meeting Times


  • M, W. 11 am - 12:15 pm
  • Miller Hall, 2202

Covid-19 Attendance Policy

  • M, W. 11 am - 12:15 pm

Due to Covid-19, this class will meet with limited number of students every time (about 50% of students), and all assignments and quizzes must be taken online according to a schedule shown below.  Before the semester starts, you will receive a message indicating which students will meet which days.  Since each lecture will be repeated during the following meeting, face-to-face discussions will summarize the corresponding chapters in about half the time normally assigned.  You are expected then to complement the lectures with more detailed discussions found in the videos available in D2L.

UWG policy is that all students must wear a face mask during class.  Please assume your responsibility.  Otherwise, class may be interrupted or canceled. 

Attendance is not required, but meetings will continue as scheduled (see schedule section) unless UWG changes its current policy.  The course contains all necessary resources to be completed online.



Statistical Techniques in Business & Economics

  • Author: Lind
  • Publisher: McGraw-Hill
  • Edition: 17th
  • Availability: Online

After reading this syllabus, you should register and login to the course (and textbook) website using the McGraw-Hill, “MH Connect” link found in CourseDen (bottom of homepage).  After you click the MH link, select the textbook: “Statistical Techniques in Business & Economics, 17th Edition.  Author: Lind.”  You may access the course by paying immediately or later during a fourteen-day grace period. 


COURSE DESCRIPTION:  Course emphasis is on applications of statistics in business.  Topics include:

  • Review of important statistics concepts such as mean, median, variance, standard deviation, scatter plots, normal probability distribution, standard normal probability distribution, Z scores and Z table reading, sampling distribution of the mean, the central limit theorem, estimation and confidence intervals.
  • Review and in-depth coverage of hypothesis testing.
  • Two-sample tests of hypothesis, analysis of variance.
  • Review and in-depth coverage of correlation and linear regression.
  • Multiple regression analysis.


Students will:

-  Use continuous probability distributions and sampling distributions in a variety of business applications. (LG2, LG3, LG6, LG12) 

-  Construct and interpret interval estimates (LG2)

-  Perform hypothesis testing for one and two samples

-  Estimate regression models, evaluate the results of regression models, and use the results for prediction and forecasting. (LG2, LG3, LG12) 

-  Use Microsoft Excel to generate descriptive statistics and perform regression and correlation analysis (LG2, LG3, LG12). 

Note: A complete list of expected learning goals (LG) for the Economics Department can be found at the department web site (


After reading this syllabus, you should register and login to the course (and textbook) website using the McGraw-Hill, “MH Connect” link found in CourseDen (bottom of homepage).  After you click the MH link, select the textbook: “Statistical Techniques in Business & Economics, 17th Edition.  Author: Lind.”  You may access the course by paying immediately or later during a fourteen-day grace period. 

Last day to sign up: August 24th, 2020.  If you do not sign up by August 24th, 2020, you will be reported as “not attending” and will be dropped from the course by the Registrar.  Important: please keep in mind that the deadline to take the syllabus quiz is August 19th, 2020.

All deadlines shown in this syllabus will not be changed unless there is a campus-wide policy affecting those dates and/or a reported interruption or technical difficulties experienced by either MH Connect or CourseDen (D2L).  Please keep in mind that all assignments in the course are available for a relatively long period of time and not until the night before they are due.


Types of evaluations and related weights
Type Weight Topic Notes
Quizzes 45%

During the semester, you will be required to take a syllabus quiz and one quiz per chapter.  Module I: chapters 3, 7 & 8, module II: chapters 9 & 10, module III: chapters 11 & 12, and module IV: chapters 13 & 14.  All quizzes will be given online at the MH Connect website.   

For quizzes, you can use notes, slides, tables, etc.  However, you are expected to work individually. 

Maximum time allowed for each quiz varies between 20 and 30 minutes, depending on the specific chapters.  Maximum time allowed for the syllabus quiz: five minutes.

Assigned weight to quizzes: 45% (multiply the average grade by 0.45 to calculate its contribution to your cumulative grade). 

The lowest two quiz grades will be dropped.  However, quiz grades for chapters 13 and 14 will not be dropped.

Quiz 2% Syllabus

Once you create your account at MH Connect, you are required to take a syllabus quiz, which will be used to determine class attendance too.  This syllabus quiz will be open since day one of classes and will close on August 19th, 2020.  Weight of assignment: 2% (multiply the grade by 0.02 to calculate its contribution to your cumulative grade).

Homework 22%

Homework Assignments: A homework is assigned per chapter and it contains a set of questions based on exercises found in the textbook.  It has no time limit and you can always save your answers and continue later.  As you respond each question, you have the “check my work” option to verify whether it is correct or not.  After a homework is submitted, answers to exercises will not be provided.  If you want to review similar exercises, study the slides and odd-numbered exercises found in Appendix D of the textbook.  Homework assignments are available at the Connect (MH) website.  Advice: submit this assignment until you have studied the corresponding material and have solved a few exercises from each section.

Weight of assignment: 22% (multiply the average grade by 0.22 to calculate its contribution to your cumulative grade).

Excel Assignments 22%

Excel Assignments: For a selected number of chapters, you need to solve exercises using Excel.  This assignment has no time restriction. Excel assignments are available at the Connect (MH) website. “Check my work” is not available.  Advice: submit this assignment until you have studied the corresponding material and have solved a few exercises from each section.  Chapters included: 3, 9-14.  Weight of assignment: 22% (multiply the average grade by 0.22 to calculate its contribution to your cumulative grade).

Regression Assignment 9%

After Chapter 14 is covered (11/25/2020), the last day of classes, you need to submit a regression assignment.  The deadline is midnight, 11/30/2020.  Instructions will be provided right after Chapter 13 is covered (11/11/2020).  Weight: 9% (multiply the grade by 0.09 to calculate its contribution to your cumulative grade).

Practice Exercises 0%

I strongly advise you to study the material by solving the odd-numbered exercises found in Appendix D of the textbook.  Answers are included.  Steps to access the Appendix: click the ebook “Lind, Statistics Techniques in Business and Economics, 17e (eBook)”, “table of contents (three horizontal lines on top left of screen)”, scroll down and click on “Appendix D.”  Some of those exercises are included in the “practice exercises.”

Grade of this assignment does not count towards your final grade.



ACTIVITY/MATERIAL                 DUE DATE                                                   WEIGHT

Syllabus quiz (5 min.)                         8/19                                                                               2%

Homework                                          Online (due by 8am the day each quiz opens)           22%

Excel                                                   Online (due by 8am the day each quiz opens)            22%

Quizzes                                                                                                                                    45%

Regression assignment                      11/28/2020                                                                     9%

Module I        

            Quiz chapter 3                         9/3 – 9/4

            Quiz chapter 7                         9/3 – 9/4

            Quiz chapter 8                         9/3 – 9/4                                                         

Module II

            Quiz chapter 9                         10/1 – 10/2

            Quiz chapter 10                       10/1 – 10/2

Module III

            Quiz chapter 11                       10/29 – 10/30

            Quiz chapter 12                       10/29 – 10/30

Module IV

            Quiz chapter 13                       11/26 – 11/27

            Quiz chapter 14                       12/1 – 12/2


There is no final exam.  Your final grade will be the highest of the two cumulative grades (with/without clicker) displayed in D2L.




ECON 3406







1, 2, 4, 5

3, 6



4, 5


2 – 5






All Sections except last

Last section (calculation type II error)


All sections (1-4)



1 – 4



1 – 5

6, 7


1 – 7




Final Letter-Grade Assignment (strictly enforced): 

0 – 59.99: F

60 – 69.99: D

70 – 79.99: C

80 – 89.99: B

90 – 100: A

After assignments listed in the syllabus are completed and past due, no extra assignments, bonus questions or extra test will be given.  Your letter grade will be assigned according to the scale shown above and will not be changed.  I will not respond to emails requesting further adjustment or extra assignments.


Schedule of Activities








Chapter 3 (group 1)




Chapter 3 (group 2)




Chapter 7 (group 1).  Syllabus quiz due date.




Chapter 7 (group 2)




Chapter 8 (group 1)




Chapter 8 (group 2) and end of module I.  Quizzes for module I will be available between 9/3 and 9/4.  Homework and Excel assignments are due by 8 am, 9/3.




Chapter 9 (group 1)




Labor Day




Chapter 9 (group 2)




Chapter 9 (group 1)




Chapter 9 (group 2)




Chapter 10 (group 1)




Chapter 10 (group 2)




Chapter 10 (group 1)




Chapter 10 (group 2) and end of module II.  Quizzes for module II will be available between 10/1 and 10/2.  Homework and Excel assignments are due by 8 am, 10/1.




Chapter 11 (group 1)




Chapter 11 (group 2)




Chapter 11 (group 1)




Chapter 11 (group 2)




Chapter 12 (group 1)




Chapter 12 (group 2)




Chapter 12 (group 1)




Chapter 12 (group 2) and end of module III.  Quizzes for module III will be available between 10/29 and 10/30.  Homework and Excel assignments are due by 8 am, 10/29.




Chapter 13 (group 1)




Chapter 13 (group 2)




Chapter 13 (group 1)




Chapter 13 (group 2)




Chapter 14 (group 1)




Chapter 14 (group 2)




Chapter 14 (group 1)




Chapter 14 (group 2) and end of module IV.  Quizzes for module IV will be available between 12/1 and 12/2.  Homework and Excel assignments are due by 8 am, 12/1.  Regression assignment is due by midnight on 11/30.

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

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

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:

You may also visit our website for help with USG Guidance:

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.


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

In-class behavior

DISRUPTIVE/DISRESPECTFUL BEHAVIOR:  UWG Student Code of Conduct states that classroom disruptions may be “any classroom behavior that interferes with the instructor’s ability to conduct class or the ability of other students to learn.  Examples of disruption include, but are not limited to, the following: allowing personal electronic communication devices to ring or beep, making or receiving phone calls or pages, or engaging in conduct that causes or provokes a disturbance that disrupts academic pursuits, or infringes upon the rights of others.”  It adds “instructors may also include in their syllabus specific behaviors they consider to be inappropriate for a particular course.”

Specifically, I (your instructor) consider the following as inappropriate, disruptive, or disrespectful behavior:

  • Not wearing a face mask
  • Leaving early (before class ends)
  • Taking frequent bathroom breaks
  • Eating or drinking (not allowed in all classrooms)
  • Yawning loudly
  • Talking during lectures or interrupting
  • Receiving or sending text messages, or accessing the internet with any electronic device
  • Ringing cell phone
  • Dressing inappropriately to the extent of being a distraction to others.
  • Entering the room despite a “no enter” sign displayed at the door.
  • Knocking on the door after it has been locked.