Statistics and Probability for Business Management
|Time/Place||MWF 12:00-12:50, Langley A221|
|Instructor||Dr. Nancy Pfenning|
|Phone||624-8729 (statistics office, leave message with Diane)|
|521-8349 (home, if urgent, before 10pm)|
|624-8336 (during office hours)|
|Office Hours||MWF 9:30-11:30|
|additional hours by appointment|
|Stat Lab||435 Cathedral, for schedule see Stat Lab Hours|
|(take stairs up from Bigelow side of Cathedral)|
This is a one-term introduction to statistics and probability intended primarily for undergraduate business administration majors and for joint CAS/Business majors. Emphasis will be equally placed on statistical models, descriptive statistics and the analysis of data. A statistical computer package (MINITAB) will be introduced, and the students will be shown how to use this package to analyze management data.
MATH 0120 (Calculus for Business and Economics) or MATH 0220. No Computer Science background is needed.
Homework (including computer assignments), quizzes, two midterms, and a comprehensive final exam.
|12 Homeworks||(>) 200|
|Best 10 of 12 Quizzes||100|
|2 Midterms, 200 each||400|
90-100% A; 80-89% B; etc. Plusses and minuses are used for borderline cases and to ensure fairness and consistency.
Richard A. Johnson & Dean W. Wichern: Business Statistics: Decision Making with Data, 1st ed., John Wiley & Sons, Inc.
Supplements A and B, which extend the textbook's treatment of continuous probability distributions in Chapter 7, will be handed out in class, as well as being made available here as a postscript file. Accompanying Supplemental Exercises A and B are also provided, with solutions to odd-numbered problems.
Available for copying in Math/Stats library 4th floor Thackeray
Recitations will concentrate on the use of MINITAB (our computer package) and on the clarification and review of lecture material. Quizzes will be administered in recitation. In addition, individual questions, especially those pertaining to the homework assignments, may be addressed.
Note: The material in this course is cumulative in nature. Thus, it is important not to fall behind in your reading or assignments or you will find yourself lost. If you are confused, see me or your recitation instructor for help.
Note to Students with Disabilities: If you have a disability for which you are or may be requesting an accommodation, you are encouraged to contact both your instructor and Disability Resources and Services, 216 WPU (412) 648-7890, as early as possible in the term. DRS will verify your disability and determine reasonable accommodations for this course. See their website www.drs.pitt.edu