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E270 INTRO TO STATISTICAL THEORY
COURSE OUTLINE FOR FALL 2016
(Class #27102  Tu, Th 7:00-8:15 p.m. KO 108)

INSTRUCTOR: Dianne Roden, PhD
Office: KO 174G;   phone: (765) 455-9470
Office hours: Tu, Th 2:30-4:00 & 5:30-7:00 p.m. or by appointment
EMAIL:  droden@iuk.edu

TEXTBOOK:    Lind, Marchal and Wathen,  Basic Statistics for Business & Economics, 8th edition
The Student Companion Website for the textbook includes chapter summaries and on-line quizzes link to text website

SOFTWARE:   Microsoft EXCEL
A calculator is necessary to do the assignments and exams.

PREREQ:   Math M118 OR Math M215 OR Math M133 & M134

EXAMS: There will be three exams, two during the semester and one during the final exam period.

 first midterm Sept 27 in class second midterm Nov 1 in class Final exam Dec 13 7:00-9:00 p.m.

 first midterm 30% 75 points second midterm 30% 75 points Final exam 30% 75 points class participation 10% 25 points TOTAL 100% 250 points

Exam format will contain some multiple choice, some short answer, and a number of problems similar to the ones assigned in class.

CLASS PARTICIPATION: Problems and questions from the text will be assigned each week and the solutions discussed in class.
Participation in this process, other class discussions, and general attendance will impact this portion of the grade.

GRADES: A 90-100, B 80-89, C 70-79, D 60-69, F < 60
(plus and minus grades will be given in the high & low range of each group)
Grades will be posted on Canvas at: http://canvas.iu.edu

DESCRIPTION:  Statistics is the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions.
The objective of this intro course is to provide students with a basic knowledge and understanding of the statistics that are used in various areas of business.

GOALS:

• Understand the critical role of statistics in various disciplines.
• Develop skills in describing data and solving statistical problems.
• Use probability and statistical techniques to understand quality standards, validate claims, and develop forecasting models.

OBJECTIVES:

• Understand methods of data collection, organization, interpretation, and presentation.

• Understand measures of central location, dispersion, and shape.

• Be familiar with ethical, political, and social issues of using statistical information.

• Comprehend the concepts of probability and how to calculate probabilities.

• Know selected discrete and continuous probability distributions.

• Know various sampling techniques and the central limit theorem.

• Draw inferences regarding population parameters using confidence intervals.

• Draw inferences regarding population parameters using tests of hypotheses.

• Utilize regression and correlation models to predict and to measure the strength of association between variables.
The structure of this class makes your individual study and preparation outside class extremely important.
You will get much more from the lectures if you attempt the problems on your own and you come to class prepared.
The course builds from chapter to chapter and a failure to understand one chapter will lead to difficulties in understanding the chapters that follow.

LIBRARY RESOURCES:  The IUK library offers a large variety of resources to supplement this course.
Examples include current newspapers (Wall Street Journal), magazines (Business Week), databases (ABI Inform), and access to the Internet.   IUK library

 WEEK DATES TEXT TOPIC & ASSIGNMENT 1 Aug 23 Aug 25 ch1  ch2 introduction & overview   frequency distributions 2 Aug 30 Sept 1 HW ch3 Ch1 #1,6,7,9     Ch2 #1,3,9,11,17,19,21,35 measures of central tendency and dispersion 3 Sept 6 Sept 8 HW   ch5 Ch3 #3,7,15,23,25,29,37,41,47,66   probability concepts 4 Sept 13 Sept 15 HW  ch6 Ch5 #3,7,9,11,17,22,23,31,33,35,39,47,59    discrete probability distributions 5 Sept 20 Sept 22 HW  review Ch6 #3,5,9,11,15,19,21,25,27,47 review for first exam 6 Sept 27 Sept 29 EXAM I ch 7 EXAM I  continuous probability distributions 7 Oct 4 Oct 6 HW  ch8 Ch7 #1,5,8,9,11,13,17,21,25,27    sampling methods & central limit theorem 8 Oct 11 Oct 13 HW  ch9 ch8 #1,5,7,15,17,24,37,39    confidence intervals 9 Oct 18 Oct 20 No class HW FALL BREAK Ch9 #1,3,5,9,11,13,15,17,19,41 10 Oct 25 Oct 27 ch10 HW hypothesis testing: one sample Ch10 #1,3,9,13,21,25,35 11 Nov 1 Nov 3 EXAM II   ch11 EXAM II  hypothesis testing: two samples 12 Nov 8 Nov 10 HW  ch12 Ch11 #1,3,13,17,21   analysis of variance analysis (ANOVA) 13 Nov 15 Nov 17 HW  ch13 Ch12 #1,3,7,11,20,23   correlation & regression 14 Nov 22   Nov 24 No class Break Roden Holiday  THANKSGIVING 15 Nov 29 Dec 1 HW   ch14 Ch13 #1,5,13,19,21,25,29   multiple regression 16 Dec 6 Dec 8 HW  review Ch14 #1,3,5,7,13 review for final exam 17 Dec 13 FINAL FINAL EXAM

Mission Statement:
The Mission Statement of the IUK School of Business may be found at:  Mission Statement

Accessibility:
Every attempt will be made to accommodate qualified students with disabilities (e.g. mental health, learning, chronic health, physical, hearing, vision neurological, etc.) You must have established your eligibility for support services through the appropriate office that services students with disabilities. Note that services are confidential, may take time to put into place and are not retroactive. Please contact your campus office as soon as possible if accommodations are needed. Find your office at:  Accessibility

Indiana University defines academic misconduct as any activity that tends to undermine the academic integrity of the university. If a student is found committing an act of academic misconduct, the student will receive zero on the exam, paper, or assignment involved. For more information read the IU Code of Student Rights, Responsibilities and Conduct at:  Academic Integrity

Sexual Misconduct:
Indiana University has adopted a comprehensive, university-wide policy on sexual misconduct. The policy serves to provide information on how to report allegations of sexual misconduct, and information on resources and assistance. The complete policy may be found at:   Sexual Misconduct

INTERESTING WEB SITES

 CNN MONEY business news and stock quotes OTHER COOL WEB SITES  lots of interesting finance & econ web sites FUN FINANCE SITES FEDSTATS gateway to statistics from over 100 US Federal agencies NATIONAL CENTER FOR HEALTH STATISTICS monitoring the Nation's health