Math 221 Term 1004 syllabus

Math 221 Term 1004 syllabus - MATH 221, Term 1004 MATH...

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Unformatted text preview: MATH 221, Term 1004 MATH 221-Statistics For Decision Making DeVry University, Term 1004 Professor : Susan Sun Nunamaker; phone: (630) 652-8268; Email:susan@nunamaker.com; web page: <mathlady.org> ASC/office hours: Tues. (1:00-2:00P.M., 3:00-3:50P.M ); Wed. (11:00-11:50A.M.) or (by appointment) Course Description : This course provides tools used for statistical analysis and decision making in business. The course includes both descriptive statistics and inferential concepts used to draw conclusions about a population. Research techniques, such as sampling and experiment design, are included for both single and multiple sample groups. Prerequisite: MATH 178 or College Algebra. Required Text and Material: Elementary Statistics-Picturing the World, 2nd ed., by Ron Larson and Betsy Farber , Prentice-Hall, Inc., 2003. Hand calculator is needed in class (ex. TI-83 or TI-83 Plus) Course Objectives: 1. Given a business situation word problem and/or case study, use an appropriate sampling method to determine a sample size. 2. Given a word problem or case study, and an accompanying data set which addresses a business situation (such as daily demand or monthly sales), calculate numerical summaries including measures of central tendency (such as mean, median, and measures of variation including range and standard deviation). 3. Given a word problem or case study, and an accompanying data set which addresses a business situation (such as daily demand or monthly sales), develop graphical presentations of the data (including histograms and stem and leaf displays). 4. Given a business situation word problem or case study (such as expected monetary value), utilize basic probability concepts to determine a course of action. 5. Given a business situation word problem or case study (such as defective items or waiting lines), use discrete probability concepts to determine a course of action. 6. Given a business situation word problem or case study (such as one dealing with processing time or quantity of fill), use the normal probability distribution to determine a course of action. 7. Given a business sitaution where a confidence interval is necessary, develop a confidence interval and use it to determine a course of action. 8. Given a business situation requiring a hypothesis test, determine the appropriate test method and use it to determine a course of action. 9. Given a business situation where linear regression is necessary, use regression model to determine a course of action. 10. Given a business situation word problem or case study and an accompanying data set, determine a best-fit regression model for nonlinear and/or multiple independent variables, and assess the validity and utility of the model....
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This note was uploaded on 11/01/2009 for the course MATH Math 221 taught by Professor Sun during the Spring '09 term at DeVry Houston.

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Math 221 Term 1004 syllabus - MATH 221, Term 1004 MATH...

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