SYLLABUS_260_Fall_2010 - ECO 260 Business Statistics I Fall...

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ECO 260 Phone: 564-4194(W), 561-6736(H) Business Statistics I Office: Redcay 126 Fall 2010 OH: MW 12-1; TTh 8-9:30 (email) Professor Neal Duffy E-Mail: I. INTRODUCTION This is a problem-solving course designed to teach statistical analysis applied to business, economics, and social problems. Statistics deals with uncertainty, and because uncertainty is a significant part of the business environment, an understanding of statistics is integral to all areas of business and economics. Business and economic analysis therefore requires that you achieve a certain comfort level with numerical analysis of many forms; it also requires a familiarity with statistical software. Quantitative skills can make the difference between a good and an average manager, accountant, or economist. This is the first course in the two-course statistics sequence in the School of Business and Economics (Business Stat I and II). Career counselors suggest that if you are considering graduate education, you should take as many statistics, computer, and math courses as you possibly can, and should obtain at least a 'B' in each of them. Advanced degrees in the areas of business, economics, and finance require much more math and statistics than the undergraduate degree. IA. LEARNING OBJECTIVES 1. Data analysis - descriptive statistics, correlation, contingency tables 2. Graphical and tabular presentation 3. Discrete probability distributions 4. Continuous probability distributions 5. Probability theory and applications 6. Confidence intervals II. TEXT and CALCULATOR The text used for both Stat I and Stat II is Modern Business Statistics by Anderson, Sweeney, and Williams, 3rd edition (ISBN #978-0-324-59827-8). We will be referring to it often, and you may therefore find it useful to bring the text to class. Even-numbered answers (and a few odd-numbers) to chapter problems are found in Appendix D, while several probability distribution tables are in Appendix B. It would not be wise to discard the textbook at the end of this semester. Every business professional should have at least one Stat book on their shelf. Statistical analysis is not a separate category of business, but is related to every area of business: marketing, management, accounting, economics, and finance. Calculators with statistics functions are recommended, but not required.
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This note was uploaded on 06/19/2011 for the course STAT 260 taught by Professor - during the Fall '10 term at Sam Houston State University.

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SYLLABUS_260_Fall_2010 - ECO 260 Business Statistics I Fall...

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