BAB210 - Business Statistics

Outline info
Semester
School
Last revision date 2017-11-20 15:21:58.508
Last review date 2017-11-20 15:22:01.538


Subject Title
Business Statistics

Subject Description
This subject introduces the learner to statistical methods of collection, analysis, and presentation of quantitative data. Through the process of applying statistical methods, the ability to interpret quantitative data used for making generalizations, projections and decisions under uncertain conditions is developed. Emphasis will be on the use of both descriptive and inferential statistical techniques within the workplace. Learners will utilize spreadsheet software to present and analyze data.

Credit Status
One full credit towards the Bachelor of Commerce Financial Services Management, Human Resources Strategy and Technology, International Accounting and Finance, Business Management and International Business Management degree programs.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Summarize data created from a spreadsheet in the form of graphs, tables, charts, and written description.

2. Calculate measures of location and dispersion by applying knowledge of spreadsheet software methods.

3. Differentiate between subjective, relative and classical frequency probabilities.

4. Calculate using spreadsheet software the means and standard deviation of discrete random variable, binominal distribution and normal probability distribution.

5. Calculate using spreadsheet software the mean, standard error of random variables, and sampling distribution of the mean.

6. Compute the sample size to estimate the population mean and proportion.

7. Interpret the results of financial data through the calculation of confidence interval for the population mean and for population proportion.

8. Evaluate results through the construction of a hypothesis test of a mean or proportion for large sample size.

9. Interpret simple regression and correlation analysis that has been calculated using spreadsheet software.

10. Accept responsibility for developing effective participation strategies for working independently.

11. Demonstrate computer skills through the application of statistical software.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Execute mathematical operations accurately.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Locate, select, organize, and document information using appropriate technology and information systems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
BAB 110

Topic Outline

EEK TEXT TOPIC PROBLEMS
1 1.1 - 1.6, 1.8
2.1 - 2.3, 2.5
Data and Statistics



Descriptive Statistics: Tabular and Graphical Displays   
 
Lab - Using Excel for Tabular and Graphical Presentations
3, 6, 8, 13, 18, 20, 24
 
4,6,10,11,15,16,18,20,27,31,33
Tables 2.1, 2.4, Web file: Restaurant
2 3.1 - 3.4
 
 
Descriptive Statistics: Numerical Measures

Assignment #1 (5%)
Data Analysis & Communication
Lab - Descriptive Statistics Using Excel
10,16,19, 22, 26,33, 40, 42, 51,75
 
Handout: Business Report Writing
Table 3.1
3 4.1 -  4.4

 
Introduction to Probability
Assignment #1 Due
4,10,12,16,19, 20, 23, 28, 33, 56, 58


 
4  
 
5.1 -  5.3, 5.5
Quiz #1 (10%)
Lab #1
Discrete Probability Distributions
Chapters 1 - 3
 
 
7,10,14,16,22,32,36,41,60,66,74
5 6.2 , 6.3
 
Continuous Probability Distributions
Assignment #2 (5%)
Lab - Discrete Probability Distributions with Excel
10, 13,14,18, 20, 22, 28,30, 40, 46



 
Chapter 5: 40, 41
6


 
Assignment #2 Due
Lab - Continuous Probability Distributions with Excel
Probability Review

 
 
 
Chapter 6: 19, 21, 23
7   Midterm Test & Lab (25%) Chapters 1 - 6
8 7.2 - 7.8 Sampling and Sampling Distributions
 
 
Lab - Random Sampling with Excel
13,19, 24, 26, 32,35, 40, 46, 48, 54
 
 
Web file: MetAreas


 
9 8.1 - 8.4 Interval Estimation
 
 
Lab - Interval Estimation Using Excel
2, 8, 13,15,16, 26,35, 52, 56, 58
 
 
Table 8.3, Web files: Lloyd's, NewBalance,Tee Times
10 9.1- 9.6

 
Hypothesis Tests


 
Lab -  Hypothesis Testing with Excel
 
Assignment #3 (5%)
5, 8, 15,16, 22, 27,30, 38, 60, 68, 72
 
Web files: GolfTest, AirRating, WomenGolf
11

2.4
14.1 - 14.5
Assignment #3 Due
 
Simple Linear Regression

Lab - Regression Analysis with Excel



 
5, 7, 8, 12, 18, 26, 30, 40, 42
Web file: Armand's
12 14.8, 14.9, 
 
Simple Linear Regression: Residual Analysis



Quiz #2 (10%)
Lab #2
46, 48, 68
 
 
 
Chapters 7 - 9
13   Review  
14 EXAM WEEK Final Exam & Lab (40%)  Chapters 1 -9, 14

Mode of Instruction
In-Class

A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
TITLE: Statistics for Busness and Economics
EDITION: (Custom Edition) 12th Edition,
AUTHOR: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Camm, James Cochran
PUBLISHER: CENGAGE Learning
ISBN 978-0-176685225

Reference Material
Data Analysis using Excel 5.0
By Middleton - Duxbury Press 1995

Against All Odds - Inside Statistics - TVO Series
Media Resources Library (25 Videos)

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation
Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:

http:/senecacollege.ca/library

Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:

In-class

Assignments (3)  15%
Projects/Quizzes (2) 20%
Midterm & Lab 25%
Final Exam & Lab 40%
Total 100%

Program Coordinator
Cynthia Duncan

Approved by: Academic Program Manager - Business Studies Danielle Mercier