Syllabus Introductory Statistics For Business (Stat 285) : Stat 01-960-285-B6 Instructor: Dr. Shyam Moondra
Syllabus Introductory Statistics For Business (Stat 285) : Stat 01-960-285-B6 Instructor: Dr. Shyam Moondra
Syllabus Introductory Statistics For Business (Stat 285) : Stat 01-960-285-B6 Instructor: Dr. Shyam Moondra
COURSE DESCRIPTION/GOALS:
This course introduces the basic concepts of probability and statistics. It explores the methods of data
collection and description, and provides an understanding of the methods used for making statistical
inferences from observed data. Since business decisions are usually made under uncertainty, theories of
probability and inference are welded together throughout the course. Specific topics include descriptive
statistics, probability, discrete and continuous random variables, sampling distributions, and principles of
inferential statistics (confidence intervals and hypothesis testing) based on a single sample and two
samples.
PREREQUISITES:
Pre-calculus (Math 111 or equivalent).
TEXT:
"Statistics for Business and Economics," by James T. McClave, P. George Benson, and Terry Sincich,
12th Edition, Prentice Hall, 2013. This course will cover only the first 8 chapters; some of the "optional"
sections in these chapters may not be covered. Only the material covered in the class will appear in Exams.
Optional: For extra practice, students may want to purchase Student Solutions Manual for the above 12th
edition text by Nancy S. Boudreau (Prentice Hall), which provides complete solutions for the oddnumbered exercise problems.
TOPICS & TENTATIVE SCHEDULE:
Chapters 1 through 3 and Mid-term Exam I
3.5 classes
3.5 classes
5 classes
2
HOMEWORK ASSIGNMENTS:
Homework (HW) problems will be assigned but the HW papers will not be collected and not used for
grading purposes. Given the applications nature of this course, the more students practice solving problems,
the better they will become at it. Therefore, it is essential that students diligently do all the HW
assignments.
Homework
Number
Chapters
Covered
Problem Number
1-2
5-6
EXAMS:
Mid-term Exam I
Mid-term Exam II
Final Exam
The Exams will be closed-book. However, students may bring 1 sheet (i.e., 2 pages) of notes.
Students should bring copies of Statistical Tables and a calculator. Students are not allowed to use
statistics features on their calculators, if there are any.
During the Exams, the use of laptop computers, cell phones, and tablets such as iPad will not be
allowed.
GRADING:
Mid-term Exam I
Mid-term Exam II
Final Exam
25 Points
25 Points
50 Points
Final grade will be determined based on the total score out of 100 as follows:
Grade
A
B+
B
C+
C
D
F
Final Score
90
85 - 89
75 - 84
70 - 74
60 - 69
50 - 59
0 - 49
ON-LINE RESOURCES:
The syllabus, class-handouts, and solutions to HW problems are posted on Sakai under the Resources tab.
The access to the documents posted on Sakai is restricted to only those students who are registered for this
class. The contents of these documents are protected under the Copyright laws; therefore, you must not post
any of these course files on Internet or distribute to anyone who is not registered for this class.