BADM 205 Business Statistics Fall 2013

Instructor: Stephen J. Silver, Ph.D., 358 Bond Hall, Tel: (843) 953-5163 (office)

or (843) 276-5406 (Cell) Web Page: http://faculty.citadel.edu/silver/

OFFICE HOURS: Wed: 5 – 5:45; Tues and Thurs: 2 – 3, by appt. only. To make an appointment, call

me on my cell phone or contact me via email before coming to see me, otherwise I may not be in my

office. My email address is: silvers@Citadel.edu

COURSE DESCRIPTION: The student examines the application of statistical analysis to business

situations. Descriptive and inferential statistics, probability and random variables, and sampling and

statistical forecasting are included.

INCOMING COMPETENCY OF STUDENT EXPECTED BY INSTRUCTORS: Ability to work with

simple algebraic formulas and concepts. All students MUST have completed The Citadel's MATH 104

or equivalent.

COURSE OBJECTIVES:

1. Demonstrate the application of statistical theory to practical business situations and data.

2. Develop skills in statistical analysis and interpretation of business data.

3. Develop insight into the selection and application of statistical tests and methods appropriate to a

broad scope of business issues.

4. Integrate personal computers and statistical programs into the solution of problems and statistical

tests.

REQUIRED TEXT: There is not a required textbook for this course; in past years I have used Statistics

for Business and Economics, by James T. McClave, P. George Benson and Terry Sincich, Prentice-Hall.

You may wish to purchase that book to assist you in the course. Any recent edition will be OK and you

can save $$$ over the latest edition.

Instead, we will use course lecture notes I have developed over the years, as well as videos of past

lectures. Links to the videos are found on the last page of this syllabus. The statistics notes can be found

at http://faculty.citadel.edu/silver/ba604/statistics.pdf. The notes covering probability theory are found

at: http://faculty.citadel.edu/silver/ba604/prob_theory.pdf.

A set of problems written by me can be found at the following URLs:

http://faculty.citadel.edu/silver/stats_exercises.pdf and

http://faculty.citadel.edu/silver/prob_exercises.pdf. Please try to work on these problems and give me feedback on any difficulties you have and any

improvements I can make to them.

Many of the problems for chapters 6-10 can be done with the help of my Statistics Template. To execute

the template click HERE.

GRADING:

Item % of Final Grade

Tests I - IV (15% each) 60

Projects 1 – 3 (5% each) 15

Final Exam or Project 20

Attendance & Participation 5

Total 100

In addition to the four tests, there will be three short projects and a final exam or project. I will provide

examples and advice on the projects. Homework problems will not be graded as they are intended to

hone your skills so that you will do well on the tests. I will also make available several (ungraded)

practice quizzes. The homework and projects will be completed by the students using MS Excel.

COURSE PARTICIPATION: You are all expected to attend and participate in this course.

CLASS SCHEDULE: This is a tentative timeline of class activities and is subject to change.

Week Topics Covered Homework

1 - 2 Introduction; Graphical descriptions of data,

numerical descriptive measures

Exercise Set 1 Project I

3 - 4 Probability; Unions and Intersections; Intro to

Random Variables; Test I

Probability ES 1 – 7

5 - 6 Random variables, the binomial and Poisson

distributions, the normal distribution

ES 3 – 5

7 - 8 Sampling and sample distribution of the sample

mean and proportion, Inferences based on a single

sample: Central Limit Theorem, Estimation,

Confidence Intervals; Test II

ES 2

Project II

9 - 12 Tests of Hypotheses; Inferences about population

means and proportions of one and two populations;

ANOVA, Contingency tables and χ2; Test III

ES 6 – 9

12 - 14 Regression analysis, least squares method,

correlation coefficient; Multiple regression model;

Project II; Test IV

ES 10 – 11

Condo Sale Case

15 Exam: Friday Dec. 13 800 (Sec 2) or

Monday Dec. 16 1300 (Sec 1)

Grading Scale

A 90 -100

B 80 - 89.99

C 70 - 79.99

D 60 - 69.99

F Below 60

Statistical Tables:

Binomial Tables Normal Table

Poisson Table T-Table

χ2 Table F-Tables

BADM 205 Business Statistics Online Video Lessons

Lesson 1 Part 1 Introduction to Statistics

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 01-part 1.wmv

Lesson 1 Part 2 Descriptive Statistics I

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 01-part 2.wmv

Lesson 2 Descriptive Statistics II Algebra of Summation

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 02.wmv

Lesson 3 Descriptive Statistics III Relative Location

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 03.wmv

Lesson 4 Probability I

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 04.wmv

Lesson 5 Probability II Conditional Probability, Independence, Bayes

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 05.wmv

Lesson 6 Discrete Probability Distributions I

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 06.wmv

Lesson 7 Discrete Probability Distributions II Binomial and approximations

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 07.wmv

Lesson 8 Continuous Random Variables

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 08.wmv

Lesson 9 The Central Limit Theorem and confidence intervals

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 09.wmv

Lesson 10 The Hypothesis Test of the population mean and proportion

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 10.wmv

Lesson 11 The Hypothesis Test Differences in means and proportions

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 11.wmv

Lesson 12 The Analysis of Variance Test for Differences in means of several populations

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 12.wmv

Lesson 13 The χ2 Test of Independence

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 13.wmv

Lesson 14 Simple OLS Regression

http://faculty.citadel.edu/silver/BA205/Online course/Lesson 14.wmv

Project 1 Descriptive Statistics

http://faculty.citadel.edu/silver/BA205/Online course/Project 01.wmv

Project 2 Demonstration of the Central Limit Theorem

http://faculty.citadel.edu/silver/BA205/Online course/Project 02.wmv

Project 3 Condo Case, Multiple OLS Regression model

http://faculty.citadel.edu/silver/BA205/Online course/Project 03.wmv