Syllabus Summary: Basic Statistics in Business & Economics

Course Overview

Introduction to Basic Statistics in Business & Economics

This course introduces students to the principles of statistics and probability, with a focus on their application to business and economics. Students will learn to calculate and use descriptive statistics, understand probability distributions, and apply statistical inference to real-world problems.

• Course Title: Basic Statistics in Business & Economics

• Instructor: Cheryl Dale, Ph.D.

• Textbook: Basic Statistics in Business & Economics, Lind, Marchal, Wathen. 2024 Release

• Prerequisite: MAT 131 (College Algebra)

Departmental Mission

Business School Mission

The School of Business aims to foster student learning in the field of business through a Christian environment. The curriculum is designed to provide students with the knowledge, skills, and ethical principles necessary for leadership positions in business, communities, and global organizations.

Course Description & Goals

Course Objectives

• Develop an understanding of the calculation and use of descriptive statistics.

• Develop an understanding of probability and probability distributions.

• Develop an understanding of statistical inference and its application.

Learning Outcomes

Upon successful completion, students will be able to:

• Interpret and present statistical data.

• Utilize concepts of probability.

• Distinguish between different types of data.

• Calculate probabilities using the standard normal curve.

• Identify characteristics of the binomial and Poisson probability distributions.

• Calculate and interpret t and chi-square statistics.

• Calculate and interpret confidence intervals.

• Construct and interpret hypothesis tests.

Method of Evaluation

Grading Scale

• Homework Assignments: 10%

• Classroom Quizzes: 10%

• Canvas Quizzes: 10%

• Two Exams (each): 25%

• Final Exam: 20%

The grading system uses a standard scale:

• 90 - 100: A

• 80 - 89: B

• 70 - 79: C

• 60 - 69: D

• Below 60: F

Course Content (Tentative Schedule)

Week	Chapter/Topic	Quiz/Test
1	Introduction
2	Graphical Displays of Data	Quiz: Chapters 1 and 2, September 2
3	Summary Statistics
4	Summary Statistics
5	Descriptive Data: Displaying and Exploring	Quiz: Chapters 1-4, September 23
6	Probability
7	Probability Distributions
8	Simple Regression Analysis	Quiz: Chapters 1-5, October 7

Keys to Success

• Attend all classes and be prepared.

• Complete assignments on time.

• Review notes before each class and prepare for quizzes.

• Do not miss homework assignments.

• Participate in class discussions and ask questions.

Policies and Requirements

Attendance

• Attendance is required and recorded at each class meeting.

• Students must attend 75% of the class meetings to receive credit.

Academic Integrity

• Cheating and plagiarism are strictly prohibited.

• Assignments must be the student's own work.

Technology Requirements

• Personal laptop required for assignments and Canvas access.

• Internet access required for quizzes and homework.

Disability Services

• Accommodations available for students with documented disabilities.

Additional Information

• Contact information for instructor and disability services provided.

• Policies on emergencies, student authentication, and academic support included.

Additional info: This syllabus is for a statistics course, not GOB Chemistry. The content is not relevant to GOB Chemistry topics such as general, organic, or biochemistry principles.