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STAT 107 Business Statistics |
An appropriate thing to say regarding this course might be Welcome to the wonderful world of data! The focus of STAT 107 Business Statistics is the application of the discipline of Statistics in the context of Business. Reading newspapers and magazines, exploring information related to other disciplines on the Internet, and even watching the evening news programs, you will find data and this data will be analyzed and presented using statistical techniques, many of which you will learn about in this course. Reading one of the many medication advertisements in magazine, you will find that sampling techniques are used to to create the groups on which these medications were tested and statistics regarding the performance and side effects of these medications are presented. If you play the lottery or you buy raffle tickets, having knowledge of probability will help you to determine what, if anything, you might expect to win. Having knowledge of how to analyze, organize, and present data, some basic knowledge of probability, familiarity with various distributions, an understanding of sampling and the design of experiments as well as for hypothesis testing and the use of confidence intervals, and correlation and regression will be helpful to you in your studies in any discipline that necessitates the use and analysis of data -- and might help you to get a better-paying job in the future too. To open various course files, you will need Adobe Reader; once you download and install Adobe Reader, you will be able to open the files. Syllabus: Carefully read the course syllabus. This document provides information about course policies, the required textbook and calculator, assignments and examinations, and attendance and participation. Readings, Handouts, and Resources: The only way in which to learn the material is to ask questions, do the related readings, study the concepts and methods, apply what we discuss by working on practice exercises, and consider real-world scenarios. The readings and practice exercises in the textbook are listed in the order in which topics will be examined during class. Once a topic has been discussed, it is your responsibility do the corresponding readings and work on the associated practice exercises. In addition to the practice exercises in the textbook, you should work the questions on handouts which were not examined during class.
Asking questions is important. Keep in mind that there is no such thing as a stupid question. |
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