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Villanova University

Villanova School of Business

Department of Economics and Statistics

Mat 1430 Business Statistics Dr. Michael W. Varano

Spring 2013 Office: Bartley Hall 1008
All Sections Office Hours: TBA (and/or by appointment) Telephone: (610) 519-7799 e-mail: Fax Number: (610) 519-6054

TEXTBOOK:. Business Statistics: A Decision-Making Approach, 8th Edition David F. Groebner, Patrick C. Shannon, Phillip C. Fry, Kent D. Smith Prentice-Hall Publisher, 2011 ISBN: 9780136121015

COURSE DESCRIPTION:This course introduces the basic statistical concepts and methods in inferential statistics and quantitative decision making useful in analyzing problems in all areas of business and economics. |Topics include: application of descriptive statistics; probability and probability models; point and | |interval estimation methods, hypothesis testing, simple and multiple regression. |

COURSE OBJECTIVES:The purpose of this course is to introduce students to the statistical and quantitative concepts and methodologies as applied to the management environment of a business. It has the following objectives:

1) To develop an understanding of statistical concepts within the context of the business management function, decision-making. 2) To develop students’ ability to recognize, formulate, and analyze decisions of managers through the application of selected statistical and quantitative techniques as decision-making aids. 3) To develop skills that support statistical thinking: (a) descriptive statistics, how to properly present and describe information; (b) and, inferential statistics, stating conclusions based on sample information

|Topical Coverage | | | |I. Numerical and Graphical Summaries (Chapters 1,2,3) | | |II. Probability Distributions (Chapters 4, 5, 6) | | |III. Methods of Inferential Statistics (Chapters 7, 8, 9, 10, 11, 12, 13) | | |IV. Regression and Correlation Analysis (Chapters 14, 15, (17 optional)) | | | | | |A schedule of topical coverage is found at the end of the syllabus. To assist with the analysis of the chapter problems, homework and | | |class discussions, the course will use Microsoft Excel and PhStat2, an add-in to Excel which becomes available when you purchase your | | |textbook. Ethical business situations will be discussed where applicable. |

GRADING:Assignments and Project (5%); Exams I (30%), Exam II (30%); Final (35%)
(Adjustments will be made if a third examination is included)

ASSIGNMENTS: Recommended practice problems will be assigned in each topic area. Solutions for these problems will be available. There will be...
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