BMGT 230 – Business Statistics
Spring Semester 2010
Course Times and Room: MW, 9:30–10:45 am, VMH 1524
Instructor: Philip Gloor, Ph.D.
Ofce: VMH 4348
Ofce Hrs: MW, 11:00–12:30, and F morning by appointment
Ofce Phone: 301-405-9977 (Please use judiciously)
e-mail: email@example.com (Please use judiciously)
This is an introductory course in probability and statistics, including descriptive statistics, sta-
tistical in±erence, basic probability, the properties o± discrete and continuous random variables,
sampling theory, estimation, hypothesis testing, simple and multiple regression, as well as the
application o± these concepts to problem solving in business and management.
We will study probabilistic and statistical concepts and methods through examples, motivated
by real-li±e data ±rom business; we will stress the role that statistics plays in the managerial
decision-making process. Three major goals o± the course are the ±ollowing.
1. Develop a comprehensive understanding o± how the techniques o± data summarization and
probabilistic concepts can be combined to provide the structure ±or statistical in±erence.
2. Develop a comprehensive understanding o± the role o± statistical in±erence in today’s
3. Use statistical so±tware to ±acilitate the decision making process.
Required Course Material
The textbook ±or this course is
Business Statistics for Contemporary Decision Making
Ken Black, Wiley, 2008, ISBN 978-0471-78956-7. You can purchase a bound or unbound copy
o± the book in the bookstore. I plan to cover most o± Chapters 1–10, 12, 14, and 15.
When you purchase a new copy o± the book, bound or unbound, you should also obtain
a code to WileyPLUS, an online suite o± resources ±or the course, including online home-
work assignments that you will be required to complete throughout the semester; access to
these resources is required ±or this course. Un±ortunately, this access does not accompany
the purchase o± a used copy o± the book. I will say more about how to obtain access in
class. You will also be required to purchase access to Minitab, a statistical so±tware pack-
age; we will make extensive use o± Minitab throughout the semester. You can rent Minitab
15, the latest version o± the so±tware, ±or six months ±or $29.99 at the e-academy website