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FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS 1 EASTERN MEDITERRANEAN UNIVERSITY FACULTY OF BUSINESS AND ECONOMICS DEPARTMENT OF YYYY FALL/SPRING 200X/200X COURSE TITLE: The course code and the full title of the course should be provided. PREREQUISITES: The prerequisite course(s) should be stated in the outline. COURSE DESCRIBTION: A brief course description should be included. COURSE OBJECTIVES: Brief course objectives should be included. INSTRUCTOR(S): Name, group no, office no, tel no, e-mail address, individual web site (if any) should be provided. COURSE COORDINATOR: This information must be provided if the course is given in more than one group by different instructors. COURSE ASSISTANT(S): If any, the name(s) of the assistant(s), their group numbers, their office number(s) and office telephone number(s) should be provided. CLASS SCHEDULE: The class meeting day, time, and place should be provided. If course has more than one group, the information should be provided for each group. OFFICE HOURS: In line with new regulations, each different course will have two office hours. Office hours information should be provided. TEXTBOOK: The full reference for the textbook should be provided (i.e., authors, textbook name, edition, publication year, the publisher) SUPLEMENTARY SOURCES: In addition to the main textbook, other useful sources for the course should be listed (i.e., books, textbooks, magazines, newspapers etc.) COMPANION WEB SITE(S): Some textbooks have their own web sites and the web addresses should be provided. If the instructor will use his/her own web site for lectures, presentations, grades and so on, the personal web address should be provided. LEARNING TOOLS: The tools that will be used for teaching can be listed (Example: Course Lectures, examples, assigned exercises, software, lab…) Faculty of Busıness and Economics September 2004 FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS 2 TENTATIVE COURSE SCHEDULE: For each week, the following information should be provided. Week Dates Topics READINGS/ASSIGNMENTS/PR OJECTS/QUIZZES 23 – 24 1 Brief title of the topic Chapter Z (pp.X-Y), supplementary readings, assignments, quiz information Sept. 2004 must be given in this column. MIDTERM COURSE ASSESTMENT: The course assessment breakdown should be provided. Midterm 1 Midterm 2 (if any) Final Exam Assignments Quizzes Project Participation Attendance TOTAL % % % % % % % % % ADMINISTRATIVE MATTERS (COURSE POLICIES): The course policies should be made clear to students at the beginning of the semester. The following course policies should be included. o ASSIGNMENTS: The policies for assignments such as group or individual assignments, assignment collection policy, format, late penalties etc. o QUIZZES: The policies for quizzes such as pop or announced etc. o ATTENDANCE: In line with university regulations, the attendance policy and policy for late comers etc. o MAKE-UP EXAM POLICY: In line with university regulations, the makeup exam policy Faculty of Busıness and Economics September 2004 FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS 3 EASTERN MEDITERRANEAN UNIVERSITY FACULTY OF BUSINESS AND ECONOMICS DEPARTMENT OF ECONOMICS 2004 – 2005 FALL SEMESTER COURSE TITLE: STAT 201 Statistics I Prerequisites: Math 104 Course Objectives: The aim of this course is to familiarize students with the basic concepts and techniques in statistics. To enhance the analytical skills of students to interpret data and to produce information for decision making in functional areas of business and economics. To help students think statistically and to motivate students to study furthers in areas of challenge offered by statistics. Course Description : Statistics I will concentrate on Descriptive Statistics covering methods of organizing, summarizing and presenting data in an informative way. Inferential statistics that covers the methods used to determine something about a population , based on a sample will be briefly introduced and will be covered extensively in Statistics II. Instructors: Office Hours: Assistant Gülcay Tuna-Payaslıoğlu (2), Caner Barın (2), To be announced. To be announced Companion Web Site: www.emu.edu.tr/~caner Includes notes, records of performance, copies of assignments and answers to assignments. Textbook: Statistical Techniques in Business and Economics (11th Ed.) D. Lind, W. Marchal and R. Mason. McGraw-Hill Irwin. (available in Bookstore) Additional References: Learning Tools: Course Lectures, Classroom examples, assigned exercises, computer labwork , Mid-term and Final examinations. COURSE LECTURE SCHEDULE: ( Additional outline for assignments and lab. hours if applicable) WEEKS CHAPTERS TOPICS What is statistics: a) Why study statistics b) Types of statistics: descriptive or inferential. c) Types of variables d) Levels of measurement: Nominal, Ordinal, Interval and Ratio Level Data. e) Basic Rules of Summation. 39,40 23 – 1 Sept. 04 1 41 4 – 8 Oct. 04 2 Frequency Distribution: a) Constructing a frequency distribution b) Class Intervals and Class Midpoints c) Graphical Presentation: Histogram d) Cumulative Frequency Distribution e) Other Graphic Presentations of Data 42, 43 11 – 22 Oct. 04 3 Measures of Central Tendency a) the population mean b) the sample mean c) properties of arithmetic mean d) the weighted mean Faculty of Busıness and Economics September 2004 FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS e) f) g) h) i) the median the mode the geometric mean the mean median and mode of Grouped Data the relative positions of the mean, median and mode. 44 25 – 29 Oct. 04 4 Measures of Dispersion a) Why study dispersion b) Range c) Variance and Standard Deviation d) Interpretation and Use of Dispersion: --Chebyshev’s Theorem --The Empirical Rule e) Relative Dispersion 45, 46 1 Nov. – 12 Nov. 04 5 Probability Concepts a) What is probability b) Three approaches to probability: classical, empirical and subjective. c) Some rules of Probability: --Rules of Addition --Rules of Multiplication d) Tree Diagrams 47 17 – 19 Nov 04 4 Slack 48 22 – 28 Nov. 04 Midterm Examination 49, 50 29 Nov. – 10 Dec. 04 6 Discrete Probability Distribution a) What is a probability distribution b) Random Variables c) The mean, variance and standard deviation of a probability distribution. d) Binomial Probability: --How is a binomial prob. distribution computed --Binomial probability Tables e) Cumulative Probability Distributions. 51 20 Dec. – 24 Dec. 04. 7 Normal Probability Distribution a) The Family of Normal Probability Distributions b) Standard Normal Probability Distribution: --Applications --Areas under the Normal Curve 52 27 – 31Dec. 04 2, 3 3 – 18 Jan. 05 8 Sampling Methods and the Central Limit Theorem Class Examples: Quizzes: Final Exam Illustrations of statistical topics discussed in class as applied in one of the functional areas of economics and business. Will be announced and will be prototypes for examinations. Faculty of Busıness and Economics September 2004 FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS Assignments: Assignments are designed to develop practical knowledge in concepts and applications of statistics. They are tools of learning more than tools of assessment. Assignments will be completed individually and in groups. Assignments will be completed as required in appended outline. Attendance : Attendance is required by school regulations. Students are strongly advised not to miss lecture hours since success has been observed to be closely related with attendance. Course Evaluation: Assessment of students' own work, continuously, is the basis for grading in the course. Midterm Exam: 30% Final Exam: 40% Quizzes : 20% Homework and Class Participation: 10% GUIDELINES FOR ASSIGNMENTS: 5 SPECIFIC 1. All assignments (homework) will be submitted on an A-4 paper and in a plastic folder file. 2. Leave a left margin on each page, wide enough for grading, and use one side of the page only. 3. Each problem and its parts should be properly labeled, and should appear in the same order as in the assignment sheet. This is not necessary in the exams. GENERAL 1. Homeworks should be clearly written with A pencil or pen (red reserved for correction) on a white paper, with a cover page. They should be in a form that would be acceptable to your future employer. Sloppy work will not be accepted. 2. Late assignments will not be accepted for initial credit unless you have an authorized written excuse. Late assignments within acceptable dates will be graded with a 20% discount. No homework can be accepted after the return of corrected homework. 3. Individual work must reflect an individual’s effort, Group work is expected to be the joint work of the group , netither of an individual nor of others outside the group. Donot copy from others. Academic dishonesty carries a penalty that may range from recieving a grade of zero to expulsion from the University. More on this is in scholl regulations 4. All assembled assignments together with quizzes, and mid-term exams, should be submitted towards the end of the exam in a file, as a partial fulfillment of the requirements for this course. This will earn you a bonus to your semestre grade, depending on completeness of your. Faculty of Busıness and Economics September 2004 6 FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS LAB WORK AND ASSIGNMNET SCHEDULES WEEK 40 41 CHAPTER 1 2 43 3 LAB WORK Page 19, Q. 17 Solution Page 59, Q. 55 Solution Assign. 1 Page 19 Q.16 Page 59 Q.54 Page 76 Computer Solution (Discussion) Page 90, Q44, 45 Page 97 Computer Commands (Discussion) Assign. 2 Page 75 Q. 18, 20 Page 79 Q. 24 Page 81 Q. 30 Page 86 Q. 38 QUIZ 1 Assign. 3 Page 104 Q.4 Page 106 Q.10 Page 108 Q.16 Page 111 Q.20 Page 114 Q.25 Page 116 Q.28 Page 120 Q.32 Page 137 Q 76 Solution of Page 157 Q 7, 11, 13 Page 163 Q 15, 17, Page 169 Q 29, 31 Page 183 Q 57, 59, 63 Assign. 4 Page 157 Q.8, 12 Page 163 Q.16, 18 Page 169 Q.30, 32 Page 183 Q.58, 60, 64 Solution of Page 199 Q 3, 7 Page 207 Q 11, 17, 21 Page 203 Example Assign. 5 Page 199 Q.4, 8 Page 207 Q.12, 18, 22 Page 219 Q.44, 48 44 4 45, 46 5 49, 50 6 ASSIGNMENT QUIZ 2 Faculty of Busıness and Economics September 2004 7 FACULTY OF BUSINESS & ECONOMICS COURSE OUTLINE STANDARDS 51 7 Solution of Page 234 Q 3, 5 Page 238 Q 7 Page 240 15 Page 243 Q 21 52 8 Solution of Page 272 Q 3, 4 Page 277 Q 7, 9 Page 284 Q 12 Page 288 Q 15 Assignment 6 Page 234 Q 6 Page 238 Q 8 Page 240 Q 16 Page 243 Q 22 Page 248 34, 42 Assignment 6 Page 277 Q 8, 10 Page 284 Q 11 Page 288 Q 16 Page 292 Q 24, 34 Faculty of Busıness and Economics September 2004