Week 1 Live Lecture 3rd Ed - 1 Welcome Week 1 Live...

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Unformatted text preview: 1 Welcome! Week 1 Live Lecture/Discussion Applied Managerial Statistics (GM533) 2 Tonight’s Agenda • How we will conduct the Lecture/Discussions • Week 1 Terminal Course Objectives (TCOs) • How the course is set up, a quick tour • Getting started with MegaStat • Descriptive Statistics using MegaStat • Essential Questions and Problem Types • The Most Important Ideas in Statistics • Using the Equation Editor • Questions? 3 How We Will Conduct the Lecture/Discussions • What we’ll do if the sound goes out • We’ll focus on the basics: the most important ideas, and the essential problem types covered on the final exam • We’ll encourage questions, at any time • We’ll encourage some prior preparation (at least one, and preferably two, of the following): Ø View the Tutorials Ø Read the Week’s Lecture Ø Try a few homework problems, similar to the one’s in the Tutorials and the Lecture Ø Selective reading of the text book, of the sections covered by the Tutorials/Lecture 4 Week 1 Terminal Course Objectives (TCOs) • TCO A Descriptive Statistics: Given a managerial problem and accompanying data set, construct graphs (following principles of ethical data presentation), calculate and interpret numerical summaries appropriate for the situation. Use the graphs and numerical summaries as aids in determining a course of action relative to the problem at hand. • TCO F Statistics Software Competency: Students should be able to perform the necessary calculations for objectives A through E using technology, whether that be a computer statistical package or the TI-83, and be able to use the output to address a problem at hand. 5 How the Course is Set Up – a quick tour - • The vertical tabs Ø Course Home Ø The Weeks • The horizontal tabs Ø Gradebook Ø eMail Ø Doc Sharing Ø Dropbox Ø Webliography 6 How the Course is Set Up – a quick tour - 7 Getting Started with MegaStat • Course Home: MegaStat • Tutorial • Download • Excel 2007 add in • Getting help with your MegaStat installation 8 Descriptive Statistics using MegaStat: A Live Demonstration (Using Desktop Sharing) • Case #27: Housing Prices • Downloading the data • Sorting the matrix: first by PRICE • Eyeballing the data (for the Range and the Median) • Descriptive statistics (for PRICE) • Extending the descriptive analysis: Using the Histogram and Frequency Distribution 9 Descriptive Statistics using MegaStat: A Live Demonstration (Cont’d) • Extending the descriptive statistical analysis to two variables: Ø Sort the data matrix by FIRE, and PRICE Ø Show the set up for descriptive statistics for homes...
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Week 1 Live Lecture 3rd Ed - 1 Welcome Week 1 Live...

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