College of Business and Economics
SOM 120. Basic Business Statistics(3)
Prerequisite: MATH 103, or 105, or 150A, or 255A. Basic elements of statistics for students in business and economics. Descriptive statistics, elements of probability, probability distributions (including normal), sampling distributions, statistical inference for means and proportions (including estimation and hypothesis testing), simple linear regression and correlation. Applications of these topics in business and economics are emphasized. The course requires assignments in which students are required to explain the results of statistical computations using personal computer software.
Learning goals
i. Recognize statistical problems, ii. Analyze data in support of solving business problems, iii. Communicate results effectively to management. Goals will be enhanced by including recent trends in the field, practical learning experiences, and ethical issues in statistics.
Text
Lind, D.A., Marchal, W.G. and Wathen, S.A., Basic Statistics for Business & Economics, 5e, McGraw-Hill, 2006.
Grading
Quizzes: 10%; Exams I, II & III - 15% each; Final (cumulative) - 20% [Formula sheet for Final];
Case Study -25 % (Important: Successful completion of the case study is required to pass the class).
Case study report is due in class on the date indicated. No late submission will be accepted. No make-up exams or assignments will be given.
Participation is based on attendance, preparation, professional conduct and active contributions during the class.
>91%:A; >81: B; >71:C; >61: D; <61: F; (No + or - grading)
Schedule
Week |
Material |
Chapter |
1 |
Statistics and
Business |
|
2 |
Descriptive
statistics |
|
3 |
Numerical
measures |
|
4 |
Exploring
data, Lab |
|
5 |
Exam I
(3/1/07), Probability concepts |
|
6-7 |
Distributions |
|
8 |
Sampling |
|
9 |
Estimation |
|
10 |
Exam II
(4/12/07), Hypothesis testing |
|
11 |
Hypothesis
testing, contd. |
|
12 |
Correlation |
|
13-14 |
Linear
regression |
|
15 |
Exam III
(5/17/07) |
Academic honesty
All students are to abide by the code of conduct described in the link http://www.csun.edu/busecon/ Violations would lead to failure in the course, suspension or expulsion from the University.