QM 2610

Statistical Methods I

 

Instructor: Mirza B. Murtaza

Office: N 335                                                                                      

Tel. No. : 904-8348

Web: http://www.mtsu.edu/~mmurtaza

E-mail: mmurtaza

Office Hours: MW 10:00 – 2:00 PM, Tu 4:00 – 6:00 PM

 

X

Internet Assignments

X

Written Homework

 

Written Papers/Cases

 

Essay Tests

 

Library Assignments

 

Oral Presentations

 

Written In-Class Assignments

 

Class Discussion

X

Attendance Policy

X

Tests

 

Papers

X

Make-Up Policy

 

Late Work

 

 

 

 

 

Students with disabilities that may require assistance or accommodation, or students who have questions related to any accommodations for testing, note takers, readers, etc., please speak with the course instructor as soon as possible. Students may also contact the Office of Disabled Student Services (898-2783) with questions about such services.

 

Students with lottery scholarships must earn a 2.75 GPA after attempting 24 credit hours and a 3.0 GPA after attempting 48 hours or more.  Students who drop below full-time status (12 hours) during the first 14 days of the semester will have their awards adjusted and will owe money to the University.  Students who drop after the 14th day of class will have their future lottery scholarships suspended unless the drop was approved in advance by the Office of Financial Aid.  Students may appeal the suspension if the drop is due to documented personal illness, illness or death of immediate family member, extreme financial hardship, military service, or other extraordinary circumstances beyond the student's control.  The lottery appeal form may be obtained at http://mtsu32.mtsu.edu:11446/forms.htm. For more lottery information please see http://www.tennesseescholardollars.com.

 

Jennings A. Jones College of Business

Vision Statement

The Jennings A. Jones College of Business intends to become recognized by appropriate national publications, both popular and professional, as a premier college of business, first in the state of Tennessee and then in the region, at both the undergraduate and masters level. We also intend to be recognized by Tennessee business executives as the supplier of choice for education and training for corporate employees and executives.

 

Philosophies and Attributes

The most important accomplishments of the University happen in the classrooms, in the research environments, and in the professional interactions. All other activities are designed to facilitate these important accomplishments.

We will strive for Accessibility, Quality and Value. Accessibility means we use creative and innovative methods to make education available to all who meet the requirements for admission. Quality means we will continuously raise the academic bar to produce graduates who distinguish themselves in their chosen fields. Value means we will appropriately intersect accessibility and quality with cost.

Mission

The Jennings A. Jones College of Business seeks to provide the intellectual foundation for our students' life-long learning and success. Drawing students extensively from the regional population with an increasing emphasis on national and international diversity, the Jones College utilizes traditional and technology-based pedagogies to create a positive teaching/learning environment.

In addition to a sustaining emphasis on quality teaching and learning through classroom research, student professional organizations, and advisory activity, the faculty of the Jones College also contributes to business, professional, and civic affairs through public service and intellectual pursuits.

The Jones College commits to quality, accessibility, and value as guiding principles.

Jones College Web Site: http://mtsu32.mtsu.edu:11030/

Jones College Web Directory: http://www.businesslab.mtsu.edu/fwp/directory.htm


Text:  Business Statistics in Practice, 3rd Edition by Bowerman and O’Connell, McGraw-Hill, 2003. ISBN 0-07-247026-7.

Pre-requisite:  Math 1630 or its equivalent

 

Course Objectives: An important aspect of being a manager is making decisions.  The best decisions are those that are made based on facts. Such decisions require the use of data that often exhibit variation. In this class, the underlying principle will be the use of statistical analysis of data to make intelligent, fact-based decisions.  We will specifically work on learning the following topics:

 

  • How to distinguish between different types of data.
  • How to construct and interpret several pictorial and numerical summaries of data.
  • How to calculate, interpret and use measures of variance.
  • How to use probability and probability distributions to assess the likelihood of important events.
  • How to select a sample from a target population, understanding the concepts of margin of error and confidence level.
  • How to test a hypothesis involving means or proportions.
  • How to use statistical software to make calculations, and how to interpret the output.

 

Course Evaluation: Three (3) examinations will be given throughout the semester, including final exam. Each in-class examination will include both short-answer and problem-oriented (application, computation, interpretation) questions. Students may create a maximum of ONE original page of reference material for each exam. Calculators may also be used during each exam and will certainly be useful throughout the course. The third (final) examination will include several comprehensive questions as appropriate.

 

2 Partial Exams (25% each)      50%

1 Final Exam                                        35%

Quiz/Assignments                                   5%

3 Projects                                             10%

 

90 and above               A

87 to 89.9        B+, 83 to 86.9             B, 80 to 82.9    B-,

77 to 79.9        C+, 73 to 76.9             C, 70 to 72.9   C-,

67 to 69.9        D+, 63 to 66.9             D, 60 to 62.9   D-,

Below 60                     F

 

Attendance: Regular class attendance is expected. Students are expected to attend all examinations as scheduled. A failure to attend a scheduled exam will result in a grade of zero being averaged into the final grade. Exceptions will be given only in the case of verified illness or when prior arrangement is made for substantive personal reason.

 

Homework: Practice problems will be given on each chapter (Pipeline access required). They are intended to reinforce the theories and applications presented in class. These problems are NOT to be turned in and will be reviewed in class as requested. Several online quiz questions will be given on each chapter, you are to complete those on your time before the deadline, this deadline WILL NOT be extended for an individual under any circumstances. In addition, three projects will be assigned during the semester that will require data analysis and use of Excel.

Each student must do his/her own work. Duplicate work will not be accepted and will receive a failing grade. Any academic dishonesty will not be tolerated and will be handled according to the guidelines and procedures established by MTSU.

 

 

Tentative Schedule:

Week              Chapter           Topics

1 (8/31)            1                      Introduction, Data and its sources, sampling

2 (9/7)              2                      Data Tables, Charts and Graphs

3 (9/14)            2, 3                  Describing Numerical Data, Basic Probability

4 (9/21)            3                      Basic Probability

5 (9/28)                                    Exam I

6 (10/5)            4                      Discrete Probability Distributions

7 (10/12)          5                      Normal and Other Continuous Distributions

8 (10/19)                                  Break

9 (10/26)          6                      Sampling Distributions

10 (11/2)                                  Exam II                       

11 (11/9)          7                      Confidence Interval estimation, Sample size

12 (11/16)        7                      Confidence Interval estimation, Sample size

13 (11/23)        8                      Hypothesis Testing (One sample)

14 (11/30)        8                      Hypothesis Testing (One sample)

15 (12/7)                                  Review

Final Exam