COURSE TITLE: Statistical Methods for Management Decisions COURSE NO.: MBA 5315
CATALOG DESCRIPTION: An advanced study of mathematical and statistical techniques to develop estimates and quantitative information for management decision making. Prerequisite: MBA 5303 or equivalent.
INSTRUCTOR: L. Scott Baggett
OFFICE HOURS: by appointment only
PHONE: 713 348 6309
CELL: 832 419 0733
TEXTBOOK: "Business Statistics: A Decision Making Approach" 6th Edition by Groebner et.al
STUDENTS ACADEMIC OUTCOMES:(what the student who successfully and satisfactory completes the course should know and able to do):
1- Identify and formulate problems where statistics can have an impact.
2- See the relevance of statistics and apply what has been learned to other business courses and to career practice.
3- Be able to properly present and describe information.
4- Understand statistical methods for quality improvements.
5- Be able to draw conclusion about large populations based only on information obtained from samples.
6- Use Excel Spreadsheet for data analysis, modeling, and forecasting.
TOPICS: Descriptive statistics, frequency distributions, graphical presentation of data, measures of central tendencies, measures of dispersion, rules of probability, conditional probability, probability distributions, central limit theorem, sampling and estimation, confidence interval estimation, tests of hypotheses, regression and correlation, tools for quality improvement, and statistical quality control.
CLASS POLICY: The best method to learn statistics is by attending the lectures, asking questions, and doing the homework assignments. There will be two mid-semester exams and a final exam. If you have a schedule conflict with an exam date, you must notify me ahead of the exam date so that proper arrangement can be made for a make-up exam. No make-up exam is given without prior agreement between a student and instructor. Homework assignments are given on the next page. Homework is automatically assigned after the corresponding lecture is completed. They will be collected three times during the semester, on the scheduled exam dates. Some of the homework assignments must be done using Microsoft Excel. If you do not have computer at home, the computer lab in the basement of science building (Robertson Hall) could be used.
GRADING: The three exams counts 75% (25% each) toward your final grade. Homework assignments worth 10% of your grade. A regression project using Microsoft Excel Spreadsheet worth 15% of your final grade.
Statement of Academic Integrity- Ethical conduct is essential to a community of scholars and students searching for the truth. Anything less than total commitment and honesty and honorable conduct undermines the efforts of the entire community. Academic integrity lies at the very heart of any institution of higher learning. In the Cameron School of Business, students and faculty are expected to commit to a code that exemplifies each individual's honor and integrity. Any conduct that violates this standard and betrays the respect of others is a matter of grave concern and, accordingly, is deemed unacceptable.
DATE CHAPTER TOPIC ASSIGNED HOMEWORK
CHAPTER 1 The Where, why, and ….
CHAPTER 2 Graphs, Charts, and … 8, 12, 13, 15, 16, 18, 27, 28, 34,45, 46, 47, 59,
CHAPTER 3 Describing Data Using … 3, 5,10, 16, 17, 20,23,34,36, 41,45,64, 70
CHAPTER 4 Using Probability and … 1,6,7,9,15,17,21,22,24,30,31,45,50,51,59,63,66,69
Week of September 13
CHAPTER 5 Continuous Prob. Dist. 3,7,9,13,14,17,18,23,28,35,37,40,,43,44, 45,49,
55, 57,61, 63, 97, 98, 102, 108, 117
Week of September 20
CHAPTER 5 - CONTINUED
CHAPTER 6 Introduction to sampling Dist. 7, 8,11,13,19,23,33,36,57,61,72,75
CHAPTER 6 - CONTINUED
Exam – Chapters 1-5
1 hour, 15 minutes
Tuesday Class – Sep. 28,
Monday/Wednesday Class – Sep. 29,
Week of October 4
CHAPTER 7 Estimating Pop. Values 1,3,4,8,14,15,26,29,33,43,47,50,51,54
CHAPTER 8 Introduction to Hyp. Testing 1,3,5,8,11,12,23,25,29,31,57
CHAPTER 9 Hyp. Testing Two Populations 1, 4, 5, 7, 9, 17, 19,24, 36,38
CHAPTER 13 Linear Regression and Corr. 1,3,6,9,14,16,19,23,51,56
Regression Project Assigned
1 hour, 15 minutes
Tuesday Class – Nov. 2,
Monday/Wednesday Class – Nov. 3,
CHAPTER 14 Multiple Reg. Analysis 1,2,3,4,6,8,11
Regression Project Help Session
CHAPTER 15 Time Series Analysis 3,4,6,7,8,10,16,25
Week of November 29
Week of December 6
Final Exam – Chapters 13 – 16
Tuesday Class – Dec. 9,
Monday/Wednesday Class – Dec. 13,