Introduction
Statistics is a branch of mathematics that has applications in almost every facet of our daily life. It is a new and unfamiliar language for most people and, like any new language, can seem overwhelming at first glance. But once the language of statistics is learned and understood, it provides a powerful data analytic tool in many different fields of application and for understanding the world. It transforms numbers into valuable information that decision makers such as policymakers, business managers and sports team managers can incorporate into their decisions. Statistics enables them to learn from large quantities of data, to measure and communicate risks and, subsequently, to take action towards mitigating undesired risks.
BA 350 is the first course in a yearlong sequence dealing with business and economic statistics. It is designed to help you learn the language of statistics and focuses on the principles of descriptive statistics, probability and statistical inference, with an emphasis on business and economic applications of statistical analysis. The overarching goals of the course are to enhance your ability to manage and interpret data, to facilitate your ability to translate data into relevant information and to enable you to draw appropriate inferences from data.
Textbook
Berensen, M. L., Levine, D. M., Krehbiel, T. C., Basic Business Statistics: Concepts and Applications, 12th Edition
Homework Assignments & Exam Dates
Homework 1 Due September 8
Homework 2 Due September 29
Homework 3 Due September 27
Midterm 1 October 6
Homework 4 Due October 25
Homework 5.1 Due October 25
Homework 5.2 Due November 8
Homework 6 Due November 8
Midterm 2 November 17
Homework 7 Due November 29
Homework 8 Due December 6
Final Exam
Section 1 – December 15, Thurs. 8:30am – 10:30am
Section 2 – December 13, Tues. 8:30am – 10:30am
Section 3 – December 12, Mon. 11:00am – 1:00pm