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| Title: | Business Statistics | Semester: | Spring 2002 Weeks 1-16 |
| Number: | MGMT305-0301 | Credits: | (3 - 3) |
| Program: | Undergraduate Program | Times: |
Lecture:TR 3:00-4:15 in KRAN G023 |
| Area: | Management Education |
| Name | Role | Phone | Office/Hours | |
|---|---|---|---|---|
| Tawarmalani, Mohit | Professor | mtawarma@mgmt.purdue.edu | 765-496-2620 |
This course is designed to introduce students
to the techniques of statistical description and inference. Coverage
will include the study of data distributions, descriptive measures,
probability theory including standard probability distributions such as
the normal and binomial; sampling distributions, the basic statistical
inference methods, and applied linear regression techniques.
Additionally, students will be introduced to the use of spreadsheet
software to perform basic data analysis.
Upon completion of this
course, students should be able to perform basic data analysis with the
use of a calculator and tables along with performing the same analysis
with the use of spreadsheet software.
| Title: | Statistics for Business and Economics |
| Author: | Anderson, Sweeney, Williams |
| Edition: | 8th |
| Publisher: | South-western, Thomas Learning |
| ISBN: | http://www.amazon.com/exec/obidos/ISBN=0324066716 |
| Status: | Required |
| Type: | 3 |
| Thursday: Jan, 10 2002 | |
| Announcement: | Course Syllabus |
| Welcome to MGMT 305, a course on Business
Statistics. Find attached the course description, the tentative schedule and the syllabus. Attached to the syllabus is the schedule for quizzes and homeworks. Please read carefully. | |
| Class Topic: | Lecture 1: Notes Attached |
| Basic Definitions of Data and Statistics
Reading: Chapter 1: 1.1, 1.2 | |
| Thursday: Jan, 10 2002 | |
| Class Topic: | Lecture 2: Notes Attached |
| Data
Acquisition and Interpretation Reading Chapter 1: 1.3-1.5 Summarizing Qualitative Data Reading Chapter 2: 2.1-2.3 Appendix 2.2 (Softdrink Sale Analysis) | |
| Tuesday: Jan, 15 2002 | |
| Class Topic: | Lecture 3: Notes Attached |
| Chapter 2: 2.4 Appendix 2.2 (PivotTable Report) Chapter 3: 3.1 Appendix 3.2 | |
| Announcement: | Homework 1 |
| 1.14, 1.24, 2.9, 2.19, 2.22,
3.5, 3.20, 3.61(not e), 3.64 Note: 1.14 denotes Problem 14 in Chapter 1 Show your calculations clearly. Due Date: Jan 22nd, 2002 Late Homework will not be accepted. | |
| Thursday: Jan, 17 2002 | |
| Class Topic: | Lecture 4: Notes Attached |
| Reading Chapter 3: 3.2, 3.4 Chapter 4: 4.1, 4.2 | |
| Tuesday: Jan, 22 2002 | |
| Quiz: | Quiz 1 |
| Coverage: Chapters 1,2,3 When: First 15 minutes of class | |
| Class Topic: | Statistics In Sports |
| In sports, statistics play a
central role in informing fans about the status of teams/players. See for example, 1) NFL Stats (or Google Stats on NFL) 2) NBA Stats (or Google Stats on NBA) | |
| Class Topic: | Ebay: Statistics in Practice |
| A
recent article in Fortune Magazine provides an interesting use of
statistics in business. Ebay: How can Dot-Com be so Hot?. Look under the subheading: A Land of Charts and Graphs | |
| Class Topic: | Statistics in Labor Economics |
| Statistics plays a major role in
identifying facts in labor economics. Bereau of Labor Statistics | |
| Assignment: | Homework 1 Due |
| Class Topic: | Lecture 5: Notes Attached |
| Reading 4.1-4.3 | |
| Thursday: Jan, 24 2002 | |
| Class Topic: | Lecture 6: notes Attached |
| Reading 4.3-4.4 | |
| Class Topic: | Seating Chart |
| Class Topic: | Homework 2 |
| 4.11, 4.21, 4.26, 4.31, 4.36, 4.42, 4.43, 4.45, 4.55 | |
| Tuesday: Jan, 29 2002 | |
| Class Topic: | Lecture 7: Notes Attached |
| Reading: 4.5 (Read 4.4 before coming to class. It will help) | |
| Class Topic: | HW 1 Solutions |
| Wednesday: Jan, 30 2002 | |
| Class Topic: | Solutions to the Ch4 Handout |
| Thursday: Jan, 31 2002 | |
| Class Topic: | Lecture 8 |
| Reading 5.1-5.3 | |
| Class Topic: | Homework 3: Due Feb 12 |
| 5.9, 5.17, 5.25, 5.31, 5.32, 5.34, 5.56, 5.57 | |
| Quiz: | Quiz 2: Chapter 4 |
| Tuesday: Feb, 05 2002 | |
| Quiz: | Quiz 3: Sections 5.1-5.3 |
| Class Topic: | Lecture 9: Notes Attached |
| Reading 5.3-5.4 | |
| Class Topic: | Homework 2: Solutions |
| Thursday: Feb, 07 2002 | |
| Class Topic: | Sample Exam for Midterm I |
| Some questions are crossed out since the material required for them has not yet been covered in class. Try Part A and Part B before coming to class on Tuesday. | |
| Tuesday: Feb, 12 2002 | |
| Class Topic: | Homework3: Solutions |
| Wednesday: Feb, 13 2002 | |
| Class Topic: | Seating Chart For Midterm |
| Excel file has the seats and the word file is the seating chart. Should be marked 3 on your seat. | |
| Class Topic: | Interesting Article: Learning |
| Students interested in the art of learning
may find the following article interesting: http://www.kidsource.com/kidsource/content3/work.expectations.k12.4.html | |
| Class Topic: | Exam 1 Instructions |
| Thursday: Feb, 14 2002 | |
| Class Topic: | Lecture 10: Notes Attached |
| Reading 6.1-6.2 | |
| Friday: Feb, 15 2002 | |
| Class Topic: | Makeup Exam |
| Makeup
exam is scheduled for Friday, Feb 15th, 4:00-5:45pm in Krannert 469. | |
| Tuesday: Feb, 19 2002 | |
| Class Topic: | Lecture 11: Notes Attached |
| Class Topic: | Homework 4: Due Feb 26 |
| 6.6, 6.7, 6.14, 6.17, 6.34, 6.37, 6.39, 6.42 | |
| Class Topic: | Exam I Statistics |
| Thursday: Feb, 21 2002 | |
| Class Topic: | Lab Class |
| Meet in Krannert Lab: 7th Floor Copy attached Excel File to a floppy/your account for use in class. Detailed steps in powerpoint slides | |
| Tuesday: Feb, 26 2002 | |
| Class Topic: | Lecture 12: Notes |
| Class Topic: | Homework 5: Due Mar 5 |
| Homework
5: Chapter 7 Problems: 27,32,38,43,46,49,50,51 | |
| Quiz: | Quiz 4 |
| Thursday: Feb, 28 2002 | |
| Class Topic: | Lecture 13 |
| Tuesday: Mar, 05 2002 | |
| Quiz: | Quiz 5: Chapter 7 |
| Class Topic: | Practice Homework |
| Chapter 8: 8, 10, 16, 21, 28, 38, 46, 50,
56, 60, Case Problem 2 (will not be graded) | |
| Class Topic: | Lecture 14 |
| Thursday: Mar, 07 2002 | |
| Class Topic: | Lecture 15 |
| They are already part of Lecture 14 notes | |
| Class Topic: | Sample Exam for Exam II |
| Be ready to ask doubts on Tuesday, March 19th | |
| Thursday: Mar, 14 2002 | |
| Assignment: | HW 4, 5, not graded, Solutions |
| Hw 4: Chap 6, Hw 5: Chap 7, Hw non graded: Chap 8 | |
| Monday: Mar, 18 2002 | |
| Class Topic: | Extended Office Hours |
| Monday and Wednesday 1:15-2:45pm this week | |
| Tuesday: Mar, 19 2002 | |
| Class Topic: | Review Class |
| Doubts on sample exam, homework, quizzes? | |
| Class Topic: | Solutions to Sample Exam |
| Wednesday: Mar, 20 2002 | |
| Exam: | Exam II and Seating |
| EE129, Time: 7:00-9:00pm. Good
Luck Seating Chart for this section is the same as for first exam | |
| Class Topic: | Exam Instructions |
| 1) You have 2 hours for the exam 2) The exam is combined (multiple choice+problems) 3) 5 bonus points can be earned 4) You are allowed to use a crib sheet, one sided letter sized which is not to be exchanged | |
| Thursday: Mar, 21 2002 | |
| Class Topic: | Lecture Canceled |
| Lecture is canceled in lieu of the evening exam | |
| Monday: Mar, 25 2002 | |
| Class Topic: | Makeup exam |
| Makeup exam is scheduled for Monday 10:00-12:00 Venue: Kran 469 | |
| Tuesday: Mar, 26 2002 | |
| Class Topic: | Lecture 16 |
| Wednesday: Mar, 27 2002 | |
| Class Topic: | CNN/Gallup/USA Today polls |
| Look at Gallup for polling results on politics/movies etc. Gallup Management Journal provides business applications. Read this to see how what we study is used in practice. | |
| Thursday: Mar, 28 2002 | |
| Class Topic: | Lecture 17 |
| Powerpoint slides (complete chapter) in last lecture | |
| Tuesday: Apr, 02 2002 | |
| Class Topic: | Lecture 18 |
| Class Topic: | Homework 6: Due April 9th |
| Chapter 9:
18,19,27,45(a,b,d),49,54,73 Chapter 10: 7, 10, 14 | |
| Thursday: Apr, 04 2002 | |
| Class Topic: | Lecture 19 |
| Tuesday: Apr, 09 2002 | |
| Quiz: | Quiz 6 |
| Chapter 9, 10.1 | |
| Class Topic: | Lecture 20 |
| Class Topic: | Homework 7; Due April 18th |
| 10.19, 10.25, 10.26, 10.42 (excel file
attached below), 14.2, 14.5 (not a), 14.11 (not c), 14.44 (f and g find prediction point not interval) 14.45 (not d,e) | |
| Thursday: Apr, 11 2002 | |
| Class Topic: | Lecture 21 |
| Notes attached in last lecture | |
| Tuesday: Apr, 16 2002 | |
| Class Topic: | Lecture 22: Notes Attached |
| Class Topic: | HW 7: Excel file 10.42 |
| Should be in the CD with the book but attached here too. For 14.44 f) and g) just provide just a point estimate | |
| Class Topic: | Corrected HW 6 |
| I forgot to distribute the HW in class. If you want it, please take it from my office. I will distribute it on Thursday. | |
| Thursday: Apr, 18 2002 | |
| Quiz: | Quiz 7 |
| Remaining part of Chapter 10, and what we covered in Chapter 14 | |
| Class Topic: | Lecture 23 |
| No new notes for today except the attached problem | |
| Friday: Apr, 19 2002 | |
| Class Topic: | Handout |
| A handout was given with quiz 7. The first 2 pages of the handout will not be on the final exam. | |
| Class Topic: | Sample Final Exam |
| Tuesday: Apr, 23 2002 | |
| Class Topic: | Lecture on Apr 23rd cancelled |
| cancelled to cover 3 hr 45 minutes of exam time | |
| Thursday: Apr, 25 2002 | |
| Class Topic: | Review Class |
| Note the attached sample exam on April 19th, 2002 | |
| Class Topic: | Pre-Final Totals |
| Class Topic: | Help Session, May 1st |
| Have any last minute questions before the
final? Attend the help session KRAN G23, May 1st, 6-8pm. Instructor: Sean | |
| Friday: Apr, 26 2002 | |
| Class Topic: | 6 best Quizzes will be counted |
| Thursday: May, 02 2002 | |
| Class Topic: | HW 6,7 Solutions |
| Note the hw 7 uses the formulae from the
book. However, I attach an excel sheet that does the same calculations using the formulae covered in class | |
| Saturday: May, 04 2002 | |
| Class Topic: | Sample Exam Solution |
| Class Topic: | Error in sample |
| In multiple choice question 8, the 90% confidence interval is [6.349, 9.651] | |
| Exam: | Final Exam |
| CL50 224, 1:00-3:00pm. Seating
chart will be attached here You are allowed a letter sized one sided crib sheet. The formula sheet on regression (ch. 14, distributed in class) and the sampling tree (ch. 9, distributed in class) will be attached. Make sure you have the formulae for hypothesis testing of proportions, formulae from ch. 10 and the remaining formulae from Ch. 14 like MSE, s(b_1) etc on your crib sheet since they will not be provided in the exam Exam Syllabus: Coverage: Ch 9, 10 and 14 Detailed Syllabus: ch. 9: 9.1-9.6 ch.10: 10.1-10.3 ch.14: 14.1-14.4 14.5 (F test dropped) 14.6 (interval estimation and further dropped) 14.7 14.8 (residual plot against y hat and the rest dropped, no normal probability plots) | |
| Tuesday: May, 07 2002 | |
| Class Topic: | Grades in Student Lounge |
| Grades are now in student lounge. | |