Download ECON 300 - Statistical Methods Section 03

Lewis-Clark State College
Econ 300, PSYC 300, SS 300.03 : Statistical Methods
Spring 2016
Instructor:
Luther Maddy, Ph.D.
Instructor Info:
Ph.D. – Organizational learning and leadership – University of Idaho
MBA – Management - Golden Gate University
I have many years of experience as a small business owner. I owned a
small vocational training school for 17 years. I have been teaching adults
for many years. My research interests are career development and
intervention.
Contact Info:
208-792-2702
Email: [email protected]
Office Hours:
Room 222 TJH
Monday:
9:00 – 11:30, 1:30 – 2:30
Wednesday:
9:00 – 11:30
Other days/times by appointment
Course Overview & Description: This course is designed to give you a good working knowledge of basic
statistics for Business and Social Sciences. You will learn to use descriptive and
inferential statistical concepts, commonly used in business and social science
research. Concepts will be reinforced through testing and application. Topics
covered include: measures of central tendency, measures of variability, correlation
methods, hypothesis testing and simple analysis of variance, multiple regression
models. Your learning will be assessed through a midterm and final examination as
well as a written report.
Required Text:
Lind, Marchal, Wathen: Basic Statistics for Business and Economics, 8e.
Publisher: McGraw/Hill Irwin.
ISBN-13: 978-0-07-352147-3
Required Technology/Software: Students will need to access Blackboard for weekly quizzes and assignment
submission. Students will also need to have access to Excel 2010 or 2013 on a
Windows based computer. Students with Excel on Apple computers may need to
find access to a Windows based computer for some exercises.
.
Prerequisites:
 Courses:
MATH 130 or higher.

Skills:
Students must be able to utilize MS-Office Suite applications including WORD,
EXCEL; have good oral & written communication skills; be able to communicate via
email including submitting course work via email attachments; and be able to do
research on the Internet.
lcmail.lcsc.edu: All students are required to assure that they have access to lcmail.lcsc.edu, and that they
understand how to access and use the academic/course features of the system. All email to students from the
instructor will be sent to this email account. The portal is available at www.lcsc.edu.
IMPORTANT NOTE: If you need course adaptations or accommodations because of a disability, if you have
emergency information to share with me, or if you need special arrangements in case the building must be
evacuated, please make an appointment to talk with me as soon as possible.
BUS 271: Business Statistics Syllabus
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Grading: Grading will be based on the following course requirements and examinations:
#
15
15
1
1
1
3
1
Item
Points ea. Total PTs % of grade
Chapter Quizzes
5
75
13%
5
75
13%
Homework Problem assisgnments
Mid Term
100
100
18%
Final Exam
100
100
18%
Attendance/Participation
70
70
12%
In class worksheets
15
45
8%
Final Project/Report
100
100
18%
Total Points possible
565
Accumulated points will be divided by the total available and a grade will be determined using the following
percentage scale:
% Range
92% to 100%
90% to 91%
88% to 89%
82% to 87%
80% to 82%
78% to 79%
Grade
A
AB+
B
BC+
% Range
70% to 77%
68% to 69%
60% to 67%
0% to 59%
See catalog
Grade
C
D+
D
F
I
Due Dates: All quizzes and assignments to be turned in must be submitted before the start of class on the
day it is due unless otherwise specified in the course assignment outline at the end of this syllabus.
Late work policy: All work MUST be completed on time (before midnight Pacific Time of date due). If
anything is time stamped after the 11 p.m. on the due date no points will be given. In extenuating circumstances
only, an extension with reduced point totals may be granted at the discretion of the instructor; however, the
student must notify instructor PRIOR to due date/time.
Quizzes: There will be a quiz for each assigned module, covering all reading and homework assignments in
that module, for a total of 15 quizzes. Quizzes are multiple choice and worth 5 points each. These quizzes will
reinforce the readings and cover definitions and concepts in each chapter and will include computations.
Quizzes are open book and will be taken in Blackboard. Quizzes must be completed before the start of the
that will cover the next chapter, or as otherwise specified in the course assignment outline at the end of
this syllabus. There will be a time limit for each quiz and the quizzes will be shut down in Blackboard after
they are due. Quizzes cannot be made up and will not be reopened in Blackboard.
Homework Problems: Problems from each chapter are assigned as homework. Working through
these problems will help you understand the principles outlined in the chapters. Each set of problems
is worth a total of 5 points.
Students can review the online lectures, PowerPoints and tutorials for extra assistance if needed. You
will submit your homework in blackboard homework before the next class meeting. Late homework
will not be accepted. Specific homework problems may be discussed after submission. The use of
Excel is required in solving many homework problems and the use of Excel will often be shown in
the online lectures and demonstrations in class. If homework problems are done in Excel, be sure to
submit the Excel file as your homework.
Full Credit:
correct methodology and correct answer
¾ credit:
correct methodology and incorrect answer
Half Credit:
incorrect methodology and incorrect answer, with apparent effort
BUS 271: Business Statistics Syllabus
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¼ Credit:
incorrect methodology, but achieving correct answer (note some most problems have
the answer in the back of the book so you can work backwards if necessary)
¼ Credit:
writing out the formula and getting started on the problem
0 Credit:
not trying to solve the problems
Midterm and Final: The midterm and final will cover several chapters. These will be completed in class and
will include terminology and problems. Prior of each of these there will be a review session in class to assist
you in preparing for these. However, the best preparation is to complete the quizzes and homework problems,
ensuring you understand the concepts covered in each chapter. The final and midterm will also be open book,
but not open note.
Both the midterm and final will be proctored exams for online students. Proctored exams should be scheduled
as soon as possible to meet the deadlines detailed in the course schedule. Proctor requirements and other
information can be obtained at: http://www.lcsc.edu/e-learning/students/.
Final Project:
Your final, written project will consist of a two sample test of hypothesis. You will be comparing the means, or
proportions of two samples of at least six observations each. You can choose to find your own data set or use
one of those suggested by your instructor with links on Blackboard.
The "deliverable" of your final project will consist of two files submitted in Blackboard. The first file will be
your written report submitted as a Word document. You will also submit an Excel file that shows your data and
your analysis.
Your report (Word document) should include the following sections clearly identified with headings:
A. Cover page: Include required elements for APA formatting.
B. Introduction. Explain what you studied and why you choose this topic? This section will also include
a brief description of what you are trying to test with this data.
C. Data. Explain the data used. Where did you locate it? What was the source? How current is this
data? Describe the purpose of the study that produced the data. List and describe the variables you
included form this data in your study. What are the values of these variables and what do these values
signify? If you did not use all the data available, what sampling method did you use to select the
observations you analyzed?
D. Descriptive statistics: Your initial analysis of your variable(s). Summarize these and include a table
with a brief discussion of these statistics. Descriptive statistics include computations such as; sum,
mean, median, mode, variance, range, and standard deviation.
E. Hypothesis testing: Detail all five steps in the hypothesis testing process you used in narrative form.
Be sure to choose the correct critical value and test statistic (z, t, f). Summarize your results in table
format.
F. Conclusion. Conclude your report in a concise paragraph or two. This should be a clear statement of
what you learned from your hypothesis test.
Your completed report will consist of at least 4 – 5 pages including charts, graphs and tables. It should
be well written and typo free. It should also be written in APA style.
G. Excel File: Remember to also submit an Excel file that shows the data and your analysis.
BUS 271: Business Statistics Syllabus
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Final Project Grading Rubric
Element
Points Possible
Points Earned
Required Sections developed:
Cover Page
Introduction
Data
Descriptive Statistics
Hypothesis Testing – five steps
Conclusion
Excel File
5
5
10
10
10
10
10
Content
Analysis correctly detailed and
explained. Hypotheses correctly stated.
30
Grammar
Typo and grammatical error free
Total Points
10
100
Class Participation and Attendance: Your attendance and/or participation is an important component of your
learning. Not only will your attendance and participation prepare you to complete the assignments, it is also
part of your grade. There are also three graded worksheets completed in class. These cannot be made up if you
miss the day they are due.
Missing class: If you are going to miss class for any reason, please contact me in advance. Quizzes and
examinations cannot be made up. If you miss class without prior approval during a quiz or test day, you will
take a score of zero on the quiz or test that was missed. No exceptions and no excuses. Test and quizzes can
only be taken before the test or quiz date. Students missing class are responsible to get any lecture notes from
other students in the class. Course assignments such as homework or papers are always due on the assigned due
date.
My commitment to you: I will provide prompt feedback on your submitted assignments and tests. You should
expect me to respond within 2 business days. I will make myself available as needed if you have questions. I will do
my best to ensure that students have the resources needed to learn the topics covered in this course.
Econ 300: Business Statistics IACBE Accreditation BUS 271: Business Statistics Syllabus
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Component
Hours
A.
Accounting (ACT)
0
B.
Marketing (MKT)
0
C.
Finance (FIN)
0
D.
Management
1.
Management Principles (MGT)
0
2.
Organizational Behavior (OB)
0
3.
Human Resource Management (HRM)
0
4.
Operations Management (OM)
0
Total Management
E.
0
Economic/Social/Legal Environment
1.
Legal Environment of Business (LAW)
0
2.
Economics (ECN)
0
3.
Business Ethics (ETH)
1
Total Economic/Social/Legal Environment
F.
1
Decision-Support Tools
1.
Information Systems (IS)
2.
Quantitative Methods/Statistics (QM)
4
45
49
Total Decision-Support Tools
G.
Global Dimensions of Business (GLOB)
0
H.
Integrative Experience (INT)
0
Total Contact Hours
50
CONSUMER INFORMATION
In 2008, the federal government required all post-secondary institutions offering federal financial aid programs
to provide key data to both prospective and current students. To comply with this requirement, Lewis-Clark
State College has developed a consumer information page.
DISABILITY ACCOMMODATIONS
Students requiring special accommodations or course adaptations due to a disability and/or a health-related
issue should consult their course instructors and the LCSC Student Counseling Center immediately (RCH 111,
792-2211). Official documentation may be required in order to provide an accommodation and/or adaptation.
STUDENT RIGHTS AND RESPONSIBILITIES
Students have the responsibility for knowing their program requirements, course requirements, and other
information associated with their enrollment at LCSC. Students should review the LCSC General Catalog and
the LCSC Student Handbook for more information.
ACCIDENTS/STUDENT INSURANCE
Students participating in LCSC classes normally must look to their personal health insurance policy (Student
Health Insurance Plan or comparable private coverage) should an accident occur. In the event of an accident,
please seek medical help, if necessary, and report the incident to LCSC Security (792-2226). Fieldtrips or other
special student activities may also require students to submit a signed participation waiver (forms can be
obtained from the supporting Division Office).
ENROLLMENT VERIFICATION/ATTENDANCE
BUS 271: Business Statistics Syllabus
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Students who are not actively pursuing their classes may have to repay part or all of their financial aid awards
depending upon the circumstances.
ACADEMIC DISHONESTY
Academic dishonesty, which includes cheating and plagiarism, is not tolerated at LCSC. Individual faculty
members may impose their own policies and sanctions regarding academic dishonesty after offering the student
an opportunity to explain his or her actions. Sanctions imposed by the faculty member are limited to grades on
the assignment(s) in question and/or on the course grade. On matters of academic dishonesty, faculty members
do not have the authority to dismiss a student from class indefinitely nor to disenroll a student from a program
without corroboration from a Division Chair (or program ethics committee where applicable), the appropriate
instructional dean, and the Vice President for Student Affairs. Students who are accused of being academically
dishonest may be referred to the VP for Student Affairs for official disciplinary action.
ILLEGAL FILE SHARING
Students using LCSC’s computers and/or computer network must comply with the college’s appropriate use
policies and are prohibited from illegally downloading or sharing data files of any kind. Specific information
about the college’s technology policies and its protocols for combating illegal file sharing may be found on the
VP for Student Affairs’ Code of Conduct web page.
DIVERSITY VISION STATEMENT
Regardless of race, color, age, sex, religion, national origin, disability, veteran status, or sexual orientation, you
will be treated and respected as a human being.
DISCLOSURES
During this course, if you elect to discuss information with me which you consider to be sensitive or personal in
nature and not to be shared with others, please state this clearly. Your confidentiality in these circumstances will
be respected unless upholding that confidentiality could reasonably put you, other students, other members of
the campus community, or me in danger. In those cases or when I am bound by law to report what you have told
me, such as incidents involving sexual assault or other violent acts, I will submit a report to appropriate campus
authorities.
STUDENT FEEDBACK
Students shall be provided the opportunity to formally evaluate each course in which they are enrolled.
Notification of student feedback opportunity and timelines will be made through the official LCSC student
email (currently LCMail) or online course learning management (currently Blackboard Learn) systems.
BUS 271: Business Statistics Syllabus
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Class Schedule
Week
Week #1
Week of
(Jan 17)
Class
Session
Topic
Syllabus/ Course Overview
Homework & Assignments
Due
Read: Chapter 1
Chapter 1: Data and Statistics
Problems
9 - 13 (p. 17)
Tuesday
Thursday
Chapter #1 Quiz
(before start of next class)
Tuesday
Week#2
(Jan 24)
Chapter 2:
Frequency Distribution and
Graphic Presentation
Chapter #2 Quiz
Problems
7 - 9 (p. 35)
21 - 22 (p. 45)
(before start of next class)
Chapter 3a:
Mean, Median & Mode
Thursday
Problems
1 - 4 (p. 64)
23 - 24 (p. 70)
25 – 26 (p.73)
(complete before start of next class but
submit all chapter problems as one
assignment in Blackboard)
Tuesday
Week #3
(Jan 31)
Thursday
Chapter 3b:
Standard Deviation
Dispersion
Chapter #3 Quiz
Chapter 4:
Displaying and exploring data
Chapter #4 Quiz
Problems
27 - 30 (p. 78)
33 - 34 (p.82)
39 - 44 (p.84 - 85)
(before start of next class)
Problems
3 - 4 (p. 104)
11 - 14 (p.112)
(before start of next class)
Chapter 5a:
Probability concepts
Problems
Tuesday
Chapter 5b:
Probability concepts
Chapter #5 Quiz
Thursday
Week #4
(Feb 7)
(before start of next class)
23 – 27 (p. 148)
(before start of next class)
BUS 271: Business Statistics Syllabus
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Tuesday
Week #5
(Feb 14)
Thursday
Chapter 6a:
Random Variables
Discrete Probability
Binomial Probability
Chapter 6b:
Binomial Probability
Poisson Probability
(complete before start of next class
but submit all chapter problems as
one assignment in Blackboard)
Chapter #6 Quiz
9 - 12 (p. 180)
25 - 29 (p.188)
(before start of next class)
Tuesday
Chapter 7a:
Uniform Probability
Normal Probability
Problems
1 - 3 (p. 200)
7 - 11 (p. 207)
(complete before start of next class but
submit all chapter problems as one
assignment in Blackboard)
Thursday
Chapter 7b:
Normal Probability contd.
Probability Distribution Worksheet
Chapter #7 Quiz
Week #6
(Feb 21)
13 - 16 (p. 210 - 211)
17 – 19 (p. 213)
23 – 25 (p. 215)
(before start of next class)
Tuesday
Chapter 8a:
Selecting a sample
Sampling errors
Problems
1 - 2 (p. 230 - 231)
5 - 9 (p. 236 -237)
(complete before start of next class but
submit all chapter problems as one
assignment in Blackboard)
Chapter 8b:
Central Limit Theorem
Sampling distribution
Chapter #8 Quiz
Thursday
Tuesday
Midterm Review
Thursday
Midterm (Chapters 1 – 8)
Tuesday
Chapter 9:
Estimation and confidence
intervals
Week #7
(Feb 28)
Week #8
(Mar 6)
Problems
1 - 5 (p. 173)
Week #9
(Mar 13)
15 - 18 (p. 247)
31 - 32 (p. 251)
(before start of next class)
Chapter #9 Quiz
Problems due next class
1 – 3 (p. 265)
9 - 11 (p. 273)
15 – 17 (p. 277)
19 - 22 (p. 281)
(before start of next class
Thursday
Chapter 10:
One sample hypothesis testing
Chapter # 10 Quiz
Problems
1 – 4 (p. 303 - 304)
9 – 11 (p. 309)
15 – 17 (p. 312)
21 - 22 (p. 316)
(before start of next class)
BUS 271: Business Statistics Syllabus
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Tuesday
Chapter 11a:
Two sample tests
Problems
1 – 3 (p. 331)
7 – 8 (p. 335 - 336)
(before start of next class)
Chapter 11a:
Two sample tests
Chapter # 11 Quiz
Thursday
Week
#10
(Mar 20)
Problems
13 - 15 (p. 341)
19 – 21 (p. 349)
(before start of next class)
Spring Break
Week
#11
(Apr 3)
Hypothesis Testing Worksheet
Chapter #12 Quiz
Chapter 12:
Problems
1 – 3 (p. 366)
7 – 8 (p. 375)
Tuesday
Analysis of Variance
(before start of next class)
Week
#12
(Apr 10)
Thursday
Chapter 13a:
Correlation & Linear Regression
Problems due next class
1 – 2 (p. 400)
7 – 8 (p. 404)
13 – 14 (p. 410 - 411)
(complete before start of next class but
submit all chapter problems as one
assignment in Blackboard)
Chapter 13b:
Correlation & Linear Regression
Chapter #13 Quiz
Tuesday
Problems
25 - 26 (p. 417)
29 – 30 (p. 419)
(before start of next class)
Thursday
Week
#12
(Apr 17)
Tuesday
Chapter 14a:
Multiple Regression
Problems
1 - 3 (p. 449)
7 - 8 (p. 461 - 462)
(complete before start of next class but
submit all chapter problems as one
assignment in Blackboard)
Chapter 14b:
Multiple Regression
Regression Analysis Worksheet
Chapter #14 Quiz
Chapter 15:
Nonparametric Methods
Chapter #15 Quiz
Problems
1 - 3 (p. 449)
7 - 8 (p. 461 - 462)
9 - 10 (p. 474)
(before start of next class)
Thursday
Problems due next class
1 - 3 (p. 503)
17 - 18 (p. 520)
(before start of next class)
BUS 271: Business Statistics Syllabus
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Week
#13
(Apr 24)
Work on final project
Tuesday
Work on final project
Thursday
Week
#14
(May 1)
Review for final exam
Final Project Due
Tuesday
Review for final exam
Thursday
Week
#15
(May 8)
Final Exam (Chapters 9 - 15)
As scheduled by LCSC
NOTE: This syllabus is subject to change. Additional lecture topics may be added, minor changes to the
schedule of topics, and changes to course policies may be required as the course progresses, and as
deemed appropriate by the instructor.
BUS 271: Business Statistics Syllabus
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