New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Business Statistics Syllabus

by: Santiago Salazar

Business Statistics Syllabus Bsta 201 (Business, Fox Melanie, Business Statistics)

Santiago Salazar
U of L
GPA 3.6

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Intro to Business Statistics Syllabus
Intro to Business Statistics
Dr. Melanie Fox
Class Notes
Business Statistics
25 ?




Popular in Intro to Business Statistics

Popular in Statistics

This 13 page Class Notes was uploaded by Santiago Salazar on Wednesday March 9, 2016. The Class Notes belongs to Bsta 201 (Business, Fox Melanie, Business Statistics) at University of Louisville taught by Dr. Melanie Fox in Spring 2016. Since its upload, it has received 30 views. For similar materials see Intro to Business Statistics in Statistics at University of Louisville.

Similar to Bsta 201 (Business, Fox Melanie, Business Statistics) at U of L


Reviews for Business Statistics Syllabus


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 03/09/16
University of Louisville College of Business BSTA 201- Business Statistics – Spring 2016 Section 03 - 7997 - Tuesday and Thursday 11:00 AM to 12:15 PM, BS 123 Updated 01/07/15 INSTRUCTOR: Melanie Fox, PhD Office: College of Business, Room 182 Office Hours: 9:30 – 10:30 AM Monday, Tuesday, Wednesday, and Thursday, or by appointment Office Phone: (502) 852-4866 *email: * o respond to email more quickly than a phone message I am likely t Required Textbook and Electronic Materials: TEXT: Anderson, Sweeny, Williams, Camm, and Cochran. (2010). Essentials of Statistics for Business and Economics, 7 ed. Cengage with MindTap access. The text and MindTap access are available as a package from the University of Louisville Bookstore. If you choose to acquire the textbook elsewhere, you must still purchase the MindTap access card for the course. MindTap must be accessed through the Blackboard page for this course. You will need the registration code from the MindTap access card to pay for MindTap. There is a 2 week grace period, however, so you should register on the first day of class even if you have not yet purchased MindTap. OTHER REQUIRED RESOURCES: Top Hat Access to Microsoft EXCEL 2013 A calculator that can perform a square root – bring every day! Recommended: Course lecture notes on Blackboard – Each week there will be a PDF file for that week’s lectures. I highly recommend printing them out and using them as the way to take notes. Syllabus Availability Policy A copy of this syllabus will be available under the “Syllabus” tab on the Blackboard page for this course. In the event that the syllabus or any other part of the course is modified, an updated version of the syllabus will be posted on the same page and students will be notified of the availability of a new version both during lecture and via Blackboard announcement. Students should always refer to the most recent version of the syllabus available (based on date of update). Course Description and Overview: Catalog Description: Prerequisite: An ACT score of 25 or higher in mathematics or completion of MATH 111. Designed for students in Business and Economics, it introduces them to the basic elements of probability and statistics, covers descriptive statistics, elements of probability theory, properties of discrete and continuous random variables, sampling estimation, hypothesis testing, analysis of variance and regression analysis. The application of these concepts to problem solving in business and economics is emphasized. This course is an introduction to descriptive and inferential statistics with an emphasis on business applications. Topics covered include data summarization & visualization, probability distributions, sampling methods, confidence intervals, hypothesis testing, linear regression, online data sources, and ethics in research. Small case studies (i.e., examples from the “real world”) are used to illustrate statistical applications within business settings. Objectives: This is a first course in business quantitative analysis. The course is designed to provide students with the practical knowledge necessary to organize and effectively analyze business data. The major topics covered will include basic concepts in statistics, probability theory, hypothesis testing, Chi square analysis, analysis of variance (ANOVA), simple and multiple regression analysis. Upon successful completion of this course, students will be able to: Conceptualize business problems with the quantitative tools presented in class, including the use of graphical, tabular, and numerical methods of describing statistical data 1. Apply descriptive statistics to probability distributions. (Translation: this allows businesses to assign probabilities to a number of possible outcomes). 2. Develop dull and alternative hypotheses for the purpose of hypothesis testing and use sampling distributions to draw statistical inference for a population. (Translation: develop an idea, and its opposite, that you can test; then apply this test to a portion of a group to draw a conclusion about the group as a whole). 3. Introduce simple linear and multiple regression models that allow us to test for relationships between two or more variables. (Translation: suppose you want to know not just whether or not something is affected by another thing, but how much it is affected… this is how you do this) 4. Assess and use appropriate tools to enhance decision-making; (Translation: There are a lot of statistical tools that we cover in this class. You need to be able to choose the right one to answer a particular business problem you might have). 5. Identify capabilities and limitations of various quantitative techniques; (Translation: statistics is not perfect. What are the limitations of any conclusions you might draw?) 6. Use computers to enhance decision-making Prerequisites: MATH 111 or equivalent. NOTE: Students are expected to have successfully completed and be comfortable with advanced Algebra, including using exponents, log functions, and summation notation. Some familiarity with the PC computer environment will help the student achieve full utilization of Excel. Instructor's Expectations & Methods: These can be boiled down to the following:  Read the material BEFORE CLASS,  Attend and PARTICIPATE in EVERY lecture,  Do the assignments,  and in general, WORK HARD. Your grade will reflect your MASTERY of material. Mastery of anything requires hard work, and this course is no exception. You may have had classes in the past that you can bluff your way through, or make something up that sounds good, on exams…. this is NOT that class. As you complete your assignments and exams you need to keep this idea of mastery as a goal, rather than "good enough", and aim for nothing less than mastery. Many courses that you need to complete for your degree from this point forward are dependent on mastery of this material, and as we move through the course everything builds on what we have already covered. If you are not mastering the building blocks early in the course, you will be completely lost as we start using these later on. This is not an easy course. For many students, it will be one of the hardest courses you take in college. I am aware that this is not easy, but I will provide many resources to aid you in your quest to master this material. Blackboard will be the repository for these resources. Attendance: In short: ATTEND EVERY CLASS. Attendance will be tracked using TopHat (see the section about TopHat below) daily at the beginning of class. Please ensure that you arrive promptly. In my experience, there is a strong and positive correlation between active attendance and grades. (This is not merely anecdotal. David Romer in his 1993 paper in the Journal of Economic Perspectives found that students comparing students who had average GPAs prior to a class and who completed all problem set, those that had perfect attendance earned an entire grade higher than students with identical GPAs 1 who attended only 25% of classes ). You should make every attempt to attend every class. In the event that you cannot attend a class, you should meet with a classmate to obtain the class notes and any pertinent material for that day. I will not “go over” material you missed in office hours. There is no credible way for an hour and fifteen minutes of material to be distilled into a short meeting. And yes, if you missed a class, we did cover something that was important. Top Hat TopHat is used for attendance, but it is not just for attendance. We will also use it as a classroom response system. This is similar to clickers you may have used in other classes, but better. A limitation of clickers is that you can only do multiple choice and true/false type questions. This gives you zero practice doing the kind of free-response and calculation problems we will see on exams. TopHat allows much more flexibility with the types of questions we can answer in class, and it allows for me to immediately show you all what answers I was getting so that we can discuss common mistakes. There are two ways you can answer TopHat questions, as well as “check in” for attendance: 1) Using a smartphone or tablet and the TopHat app (either an Android or Apple operating system) 2) Using a laptop computer on the TopHat website You can visit for the Student Quick Start Guide which outlines how you will register for a Top Hat account, as well as providing a brief overview to get you up and running on the system. An email invitation will also be sent to your school email account, or you can register by visiting our course site on Top Hat: ). Now the bad news: Top Hat will require a paid subscription, and the standard pricing for the cheapest option is $24 for 4-months of access. For a full breakdown of all subscription options available please visit Here are my tips for TopHat: 1 Romer, David. 1993. "Do Students Go to Class? Should They?" Journal of Economic Perspectives, 7(3): 167-174. (Spoiler alert: the answer is yes)  Log in to Top Hat as soon as you get to the classroom. Attendance is only open for about 30 seconds, so you need to be ready to go when it opens up.  If you are struggling with the app during attendance (it crashes, or you cell battery dies, or something like that), don’t panic! Just come up to me after class, and I will give you instructions to be counted as present that day. YOU MUST COME SEE ME AFTER CLASS if you want to be counted as present that day!  If you do not have a smartphone, you can also use a tablet that is connected to the wifi in the classroom or a laptop computer. Technology Policies: Computers: This class relies heavily on the use of computer analysis. However, an actual computer in lecture is more often than not highly detrimental to learning, distracting to other students, and provides a temptation for self-distraction that2few human beings can resist. Moreover, there is quite a bit empirical evidence (not just my opinion!) that supports that attempting to take notes via computer is vastly inferior compared to taking notes by writing with your hands. For this reason, I highly recommend that computers are put away for the entire class. Cell Phones and Tablets: Cell phones should have volume switched to off for the entire class period. Given that TopHat will be used engage students in the material during class, smart phones and tablets may be used for this purpose only during class. I would HIGHLY recommend not relying on your smart phone/tablet as a calculator since you will not be able to use them during exams. Students should refrain text messaging, web surfing, games, etc. during class. If I notice that you are text messaging or otherwise using your tablet/smart phone in an unapproved manner, you will be blocked, without warning, from earning participation points for that lecture and marked as absent. I reserve the right to alter the technology policy for either an individual or the entire class at any time if devices are used, in my opinion, in a manner not conducive to learning. Grading: There are four types of assessments upon which your grade will be based: Participation & attendance, Homework, Quizzes, and Exams. Participation & Attendance: Each class, besides exam days, you will sign in using Top Hat to take attendance. However, it is not enough to merely “show up” – you need to be fully engaged and participating. Your attendance will be dependent on your participation in class using the Top Hat system. Quizzes: 2 See, for example, “Ditch the laptop and pick up a pen, class. Researchers say it’s better for note  taking. ­ The Washington Post” August 26, 2014,  These are formative assessments, designed to monitor your learning progress and give incentives to not fall behind in reading assignments, and to check your understanding. Each has a due date that will not be extended, generally the Monday morning after it is assigned (unless Monday is a holiday). Most allow for multiple attempts. YOU SHOULD READ THE INSTRUCTIONS FOR EACH QUIZ CAREFULLY TO SEE IF THERE ARE SPECIAL INSTRUCTIONS AND TO KNOW HOW MANY ATTEMPTS YOU HAVE. Quizzes will always appear on Blackboard in the folder for the week they are assigned. Homework: These are also formative assessments, which are meant to give you an opportunity to practice applying the concepts and test your understanding. These are typically VERY challenging. The intent is to push you to push yourself on homework. Some things to note about the homework: (1)Homework assignments are on MindTap. (2)You have unlimited attempts on the homework. (3)No homework assignments will be dropped, nor will due dates be extended. (4)You should expect to do at least one homework assignment weekly. (5)Blackboard and MindTap do not sync up well. If you see a grade in Blackboard that does not match your MindTap grade, rest assured it will eventually be corrected. Refer to the grade on MindTap when you want to know your homework grade. (6)Homework FIRM due dates are all the day of the exam over the relevant material. For instance, Exam 1 is January 27, and all of the homework preceding the exam is due that morning at 8 AM. However, if you actually wait until that time to do it, you will be in pretty bad shape. The firm due dates are to give you flexibility to complete work at your own pace before the exam over the pertinent material, not as an excuse to procrastinate. I give you the recommended due dates for each homework in the schedule. I highly recommend that you keep these in mind, and in your calendar, as the de facto due dates to keep on pace. (7)Since there is ample time before each block of homework is due, I reiterate, THERE WILL BE ABSOLUTELY NO EXTENSION OF HOMEWORK FOR ANY REASON. (8)Sharing answers for homework or quiz assignments is considered an act of academic dishonesty, and will be dealt with accordingly. If an individual student is found to have submitted a homework or quiz assignment that was done by any other person than themselves, this will be considered a violation of academic integrity and will be immediately reported to the Associate Dean for Undergraduate studies. The minimum penalty will be a zero on the assignment in question as well as recording the violation on the student’s academic record. A dead giveaway that you did not do your own homework is the inability to answer an identical question on an exam. (9)If you are just guessing until you get it correct, you are setting yourself up to fail the exam. Mindtap allows you to make multiple attempts at a question. Some students in the past have basically just kept guessing until it was marked correct and moved on, and then couldn’t understand why they kept failing the exams. Guessing is not learning. If I note that students are doing this, then I will remove the ability to make multiple attempts at a question without warning. Exams: Exams are summative assessments (in other words, these are used to determine what you have learned up to that point – an assessment of your knowledge and ability to actually apply it). The format will be a combination of multiple choice (75% of the exam grade) and short answer (25% of the exam grade). Students may bring a crib sheet to each exam:  It can have anything you would like to put on it  It must be on a single, 8 ½ x 11 sheet of paper, one sided  It must be HANDWRITTEN. Exams may not be retaken to improve a score. Final Grade in the course is as follows: Participation & Attendance 10% Exams – four exams - worth 60% Homework – 15% Quizzes – 15% The following grading scale is the scale has been adopted by the Department of Economics: Grading scale A+ = 98 to 100% A = 92 to 97% A- = 90 to 91% B+ = 88 to 89 B = 82 to 87 B - = 80 to 81 C+ = 78 to 79 C = 72 to 77 C - = 70 to 71 D+ = 68 to 69 D = 62 to 67 D- = 60 to 61 Below 60 = F Expectations You should expect to spend a minimum of 3 hours outside of class for every hour of outside time spent in class. Since this is a 3 hour class, you should expect to spend about 12 required for hours per week in preparation outside of class (reading assignments, completing class homework, completing quizzes, and structured studying). Student Responsibilities / College and University Issues University of This course will abide by University of Louisville student Louisville student conduct and responsibilities with regards to ethics and related issues: conduct and responsibilities handbook.html#codeofstudentconduct College of This course will abide by College of Business student Business student conduct and responsibilities with regards to ethics and related issues: conduct and responsibilities policy Title IX/Clery Act Notification Sexual misconduct (sexual harassment, sexual assault, and sexual/dating/domestic violence) and sex discrimination are violations of University policies. Anyone experiencing sexual misconduct and/or sex discrimination has the right to obtain confidential support from the PEACC Program 852-2663, Counseling Center 852-6585 and Campus Health Services 852-6479. Reporting your experience or incident to any other University employee (including, but not limited to, professors and instructors) is an official, non- confidential report to the University. To file an official report, please contact the Dean of Student’s Office 852-5787 and/or the University of Louisville Police Department 852-6111. For more information regarding your rights as a victim of sexual misconduct, see the Sexual Misconduct Resource Guide ( Religious holiday conflict policy calendar.html University policy on equal access Severe weather In case of severe weather classes may be cancelled up to a certain time of day. Please check the U of L website or call the University Information Center (852- 5555). You can sign up for Afoul Alerts at if you wish to receive text messages regarding cancelled or delayed classes. Economics The Department of Economics at the University of Louisville offers both B.A. department and B.S. undergraduate degrees in Economics within the College of Business. mission Our programs are intellectually challenging and develop strong analytic skills. The Department emphasizes the application of microeconomic theory to a variety of private and public market issues. This applied industrial organization focus includes industry studies, health care economics, game theory and strategic behavior, and related public policy issues. The Department recognizes outstanding Economics majors annually with formal awards and sponsors the Economics Club. Research produced by our faculty is published regularly in high-quality economics journals. Further information about Economics Department is available at with additional resources provided by the American Economic Association at I am also happy to talk to you anytime about majoring in economics. Course Outline Please note that due dates for all assignments are available on the MINDTAP website. What follows is a guide for reading assignments and general calendar for organizing the content of the course. This is subject to change at any time. Abbreviations: BB – Blackboard MT – MindTap REQ READ – Required Reading. You should come to class THAT DAY having read that material. (For instance, come to class on Aug 26 having COMPLETED reading chapter 1) REC READ – Recommended reading. This is usually a reading that is remedial in some way. HW# RDD: Recommended day to have completed homework. For instance, I recommend that you have completed Homework 1 by end of the day Monday, August 31). All homework is on MindTap. HW ## DUE – This is the firm due date for these homework assignments. For instance, homework assignments 1, 2, and 3 are all due at 8 AM Eastern Time on January 28, 2015. MONDAY TUESDAY WEDS THURS FRIDAY Week 1 Jan 6 Jan 7 *Syllabus REQ READ: Syllabus REC READ: Summation notation (BB) Week 2 Jan 11 Jan 12 Jan 13 Jan 14 Jan 15 Last day to * Describing Data add/drop visually RDD HW1 * Introduction to statistical REQ READ: Ch 2 (MT) Terminology and GRADED WORK: Quiz thinking 1 REQ READ: CH 1 (MT) Week 3 Jan 18 Jan 19 Jan 20 Jan 21 Jan 22 No Class (MLK Quiz 1 Due 8 DAY) AM Continue Ch 3 * Continue CH 2 * Ch 3:Describing Data Numerically REQ READ: CH3 (MT) GRADED WORK: Quiz 2 RDD: HW 2 Week 4 Jan 25 Jan 26 Jan 27 Jan 28 Jan 29 QUIZ 2 DUE 8 * Continue Ch 3 HW 1, HW2, HW3 all AM due at 8 AM EXAM 1: CHs 1-3 Week 5 Feb 1 Feb 2 Feb 3 Feb 4 Feb 5 * Prob I: Intro to * Prob I, Cont. Prob GRADED WORK: REQ READ: CH4 QUIZ 3 (MT) Week 6 Feb 8 Feb 9 Feb 10 Feb 11 Feb 12 Quiz 3 Due 8 * Prob II: * Prob II, cont. AM Discrete * Prob III, Continuous Probability Probability REQ READ: Ch 5 REQ READ: CH 6*(MT) (MT) (note that you should have at least half of HW 4 RDD chapter 6 read by this class) QUIZ 4 Week 7 Feb 15 Feb 16 Feb 17 Feb 18 Feb 19 QUIZ 4 Due 8 Prob III, Cont. HW 4,5, 6 Due 8 AM AM EXAM 2: Chs 4, 5, HW 5 RDD 6 Week 8 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 * Sampling * Sampling, cont. REQ READ: CH 7 (MT) Week 9 Feb 29 Mar 1 Mar 2 Mar 3 Mar 4 * Interval * Continue Interval Estimation Estimation REQ READ: Ch 8 * Begin Hypothesis HW 7 RDD testing (general concepts) * REQ READ: Ch 9, sections 9.1 and 9.2 Quiz 5 Week 10 Mar 7 Mar 8 Mar 9 Mar 10 Mar 11 QUIZ 5 Due 8 * Hypothesis * Hypothesis testing: AM Testing: testing testing an idea about an idea about a a proportion single mean Last day to REQ READ: Ch 9 – withdraw REQ READ: Ch 9 Section 9.4 – Section 9.3 HW 8 RDD Week 11 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18 (SPRING BREAK) Hw 9 RDD Week 12 Mar 21 Mar 22 Mar 23 Mar 24 Mar 25 * Testing * Hypothesis testing hypotheses about the difference about the between two difference proportions between two REQ READ: Section means 11.1 ONLY REQ READ: Ch Quiz 6 10, Sections HW 10 RDD 10.1, 10.2, 10.3 HW 9 RDD Week 13 Mar 28 Mar 29 Mar 30 Mar 31 Apr 1 QUIZ 6 due 8 * review and EXAM 3 AM catch up day HW 7,8,9,10, 11 HW 11 RDD DUE 8 AM Week 14 Apr 4 Apr 5 April 6 April 7 April 8 * Testing ideas * Testing ideas about 3 or more about 3 or more means (ANOVA) proportions (Chi- Squared) REQ READ: CH 10.4 REQ READ: 11.2 QUIZ 7 Week 15 Apr 11 Apr 12 Apr 13 Apr 15 Apr 16 QUIZ 7 DUE 8 * Introduction to * OLS, AM Simple OLS Continued REQ READ: CH REQ READ: Ch 12.3-12.6 12.1, Ch 12.2 * Begin Multiple Regression HW 12 RDD REQ READ: Ch 13 QUIZ 8 Week 16 Apr 18 Apr 19 Apr 20 APR 21 APR 22 MULTIPLE OLS HW 12, 13, 14 (Cont) DUE 10 PM REVIEW QUIZ 8 DUE 10 PM Week 17 APR 25 APR 26 APR 27 APR 28 APR 29 FINAL EXAM 11:30AM - 2:00PM In our regular classroom


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Jennifer McGill UCSF Med School

"Selling my MCAT study guides and notes has been a great source of side revenue while I'm in school. Some months I'm making over $500! Plus, it makes me happy knowing that I'm helping future med students with their MCAT."

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.