Business Statistics

Curriculum guideline

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Course
BUSN 2429
Discontinued
No
Course code
BUSN 2429
Descriptive
Business Statistics
Department
Business
Faculty
Commerce & Business Administration
Credits
3.00
Start date
End term
202030
PLAR
No
Semester length
15 Weeks X 4 Hours Per Week = 60 Hours
Max class size
35
Contact hours
Lecture: 3 Hours Seminar: 1 Hour Total: 4 Hours
Method(s) of instruction
Lecture
Seminar
Learning activities

Lectures and seminars.

Course description
This course will provide students with an introduction to statistics. Students will learn to solve problems using computer spreadsheets. Topics include measures of central tendency and dispersion, probability, sampling, normal and binomial distributions, confidence intervals and hypothesis testing and regression analysis. Students will be required to have basic Excel skills.
Course content
  1. Descriptive Statistics:  frequency distributions, graphical displays, measures of central tendency, measures of dispersion.
  2. Probability:  experiments, counting rules, assigning probabilities, events, complement, exclusion, intersection, union, addition law, conditional probability.
  3. Discrete Probability Distributions:  expected value and variance, binomial distribution.
  4. Continuous Probability Distributions:  uniform and normal probability distributions.
  5. Sampling Distributions:  random sampling, sampling distribution of sample mean and sample proportion.
  6. Interval Estimation:  means and proportions, small and large samples, determining sample size.
  7.  Hypothesis Testing:  formulating and testing a research hypothesis, I and II tailed tests about sample mean and proportion, Type I and II error.
  8. Statistical Inference with Two Populations (independent samples):  interval estimation and hypothesis tests for difference between two means and between two proportions.
  9. Computer Analysis with Excel Spreadsheets:  creation of spreadsheets, histograms, frequency tables, scatter charts, interval estimates, and use of probability distribution functions.
  10. Simple Linear Regression:  least squares, model and assumption, R-Squared, prediction.
Learning outcomes

At the end of the course, the successful student should be able to:

  1. collect statistical data using appropriate sampling techniques;
  2. organize statistical data and calculate measures of central tendency and variation;
  3. calculate the probability of events when they are mutually exclusive, independent and dependent;
  4. use binomial and normal distribution to make probability estimates;
  5. set up confidence intervals for population means and proportions;
  6. use sample information to test statements or claims about parameters;
  7. use computer spreadsheets to solve statistical problems;
  8. use simple regression to determine significance of relationship between two variables.
Means of assessment
Final Exam           30%
Term Examinations (2-3) 40% - 50%
Computer Lab Test   5% - 10%
Assignments (6-12)  15% - 25%
Participation    0% -  5%
          100%

Note:  Students must achieve a grade of at least 50% on the combined examination components to pass the course.

Textbook materials

Textbooks and Materials to be Purchased by Students

Donnelly, Robert A. Jr.; Business Statistics, Latest Edition, Pearson; or

Sharpe, Norean R., De Veaux, Richard D. et al. Business Statistics, Latest Edition.  Pearson; or

Other textbooks approved by the department.

Use of only Commerce and Business Administration faculty-approved calculators.

Prerequisites

FINC 1231 or (Principles of Math 12 with a C or Pre-Calculus 12 with a C or equivalent) OR currently active in the:
PDD Supply Chain Management or
PBD International Supply Chain Management or
PDD Accounting Studies or
PDD Accounting or
PBD Accounting or
PDD Data Analytics or
PBD Computer and Information Systems

Corequisites

Nil

Equivalencies

Courses listed here are equivalent to this course and cannot be taken for further credit:

  • No equivalency courses
Which prerequisite

BUSN 3431 and MARK 4441