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    CB2200 Course Outline

    Uploaded by

    Kenny Sze
    The document provides information about a business statistics course offered at City University of Hong Kong, including course details, aims, learning outcomes, teaching methods, assessment tasks, syllabus, textbook, and class schedule. The course aims to teach basic statistical concepts for business decision making and their real-world applications. Students will learn techniques like descriptive statistics, probability distributions, sampling, confidence intervals, hypothesis testing, and simple linear regression through lectures, tutorials, exercises and computer labs.

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    CB2200 Course Outline

    Uploaded by

    Kenny Sze
    167 views6 pages
    The document provides information about a business statistics course offered at City University of Hong Kong, including course details, aims, learning outcomes, teaching methods, assessment tasks, syllabus, textbook, and class schedule. The course aims to teach basic statistical concepts for business decision making and their real-world applications. Students will learn techniques like descriptive statistics, probability distributions, sampling, confidence intervals, hypothesis testing, and simple linear regression through lectures, tutorials, exercises and computer labs.

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    The document provides information about a business statistics course offered at City University of Hong Kong, including course details, aims, learning outcomes, teaching methods, assessment tasks, syllabus, textbook, and class schedule. The course aims to teach basic statistical concepts for business decision making and their real-world applications. Students will learn techniques like descriptive statistics, probability distributions, sampling, confidence intervals, hypothesis testing, and simple linear regression through lectures, tutorials, exercises and computer labs.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    167 views6 pages

    CB2200 Course Outline

    Uploaded by

    Kenny Sze
    The document provides information about a business statistics course offered at City University of Hong Kong, including course details, aims, learning outcomes, teaching methods, assessment tasks, syllabus, textbook, and class schedule. The course aims to teach basic statistical concepts for business decision making and their real-world applications. Students will learn techniques like descriptive statistics, probability distributions, sampling, confidence intervals, hypothesis testing, and simple linear regression through lectures, tutorials, exercises and computer labs.

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    of 6

    City University of Hong Kong

    Information on a Course

    offered by the Department of Management Sciences


    with effect from Semester A in 2014 / 2015
    This form is for completion by the Course Co-ordinator/Examiner. The information
    provided on this form will be deemed to be the official record of the details of the
    course. It will be used for several purposes: for the Universitys database, and for
    publishing in various University publications including Blackboard, documents for
    students and others as necessary.
    Please refer to the Explanatory Notes attached to this form for the precise information
    required.
    Part I
    Course Title: Business Statistics
    Course Code: CB2200
    Course Duration: One Semester
    Credit Units: 3
    Level: B2
    Medium of Instruction: English
    Prerequisites: Nil
    Precursors: Nil
    Equivalent Courses: MS2200 Business Statistics
    Exclusive Courses: Nil
    Part II
    Course Aims
    This course aims to facilitate students learning of basic statistical concepts commonly
    used in business management decision making, and their application to the real world.
    The course content is based on real-world examples and cases to encourage students
    to develop their attitude and ability to discover and innovate.

    Course Intended Learning Outcomes (CILOs)


    (State what the student is expected to be able to do at the end of the course according
    to a given standard of performance.)
    Upon successful completion of this course, students should be able to:
    No.
    CILOs
    Weighting (if
    applicable)
    1.

    2.

    3.

    4.

    Explain concepts in numerical descriptive


    measures, sampling distributions, confidence
    interval estimation, hypothesis testing, and simple
    linear regression model.
    Select appropriate statistical methods to analyse
    real-life business data, interpret the results and
    give recommendations for business decisions.
    Apply standard statistical software, such as
    Microsoft Excel, to analyse data arising from reallife business problems.
    Able to demonstrate the attitude to provide
    recommendations / innovations based on
    statistical data

    DEC-related
    dimension

    35%

    Ability

    35%

    Ability

    20%

    Ability

    10%

    Attitude

    Teaching and Learning Activities (TLAs)


    (These are indicative of likely activities and tasks designed to facilitate students
    achievement of the CILOs. Final details will be provided to students in their first
    week of attendance in this course.)
    CILO No.

    TLAs

    Hours/week (if
    applicable)

    1, 2, 3 & 4

    1. Lectures
    Lectures: Statistical analytical techniques, relevant
    knowledge and concepts are explained.
    Case studies: Case studies that illustrate the use of
    statistics in the real world are discussed.
    2. Tutorials
    Class Discussion: Students work in small groups to
    discuss the criteria and appropriateness of chosen
    statistical measures and methods to real-world
    business problems; examples might be to describe
    the pattern of the data, or to evaluate the job
    performance of the staff. The instructor provides
    instant feedback based on students responses.
    Exercises: Students discuss their responses to takehome and in-class exercises that are designed to
    enhance their statistical analytical skills within a
    business context. They are required to interpret the
    results and give recommendations. Students are
    given the opportunity in class to feedback on each
    others work.
    3. Computer Laboratory Activities
    The instructor demonstrates the use of statistical software
    packages to solve real-world business problems. Out-of
    -class, students are asked to carry out similar analyses with
    the use of computer software.

    1, 2 & 4

    Assessment Tasks
    (These are indicative of likely tasks designed to assess how well the students achieve
    the CILOs. Final details will be provided to students in their first week of attendance
    in this course.)
    CILO
    No.

    Types of Assessment
    Tasks (ATs)

    1, 2 & 4

    1. Written Examination

    1, 2 & 4

    2. Mid-Term Test

    (Week 8 Saturday,
    12:15pm 1:45pm)
    2, 3 & 4

    2&4

    3. Case Studies / Group


    Projects
    4. In-Class Discussion
    and Performance

    Assessment Details
    The exam is designed to assess students
    professional knowledge of selecting and
    applying different statistical methods to
    solve business problems. Computer output
    may be given for students interpretation
    and suggestions.
    The test is designed to assess students
    professional knowledge of selecting and
    applying different statistical models to
    solve business problems.
    Students work in a group to identify a set
    of relevant statistical concepts to realworld case and use them to analyse the
    case.
    Students are required to work on these
    exercises individually to practise their
    analytical skills in statistical analysis
    within a business context. Students present
    their findings from the exercises. Students
    are given the opportunity in class to
    feedback on each others work.

    Weighting (if
    applicable)
    50%

    20%

    25%

    5%

    * Students must pass the examination and coursework to pass the course.
    Part III
    Keyword Syllabus
    1. Presenting Data and Descriptive Statistics
    Types of data. Descriptive statistics including measures of central tendency, variation
    and shape.
    2. Basic Probability and Probability Distributions
    Probability distribution for a discrete random variable. Binomial distribution. Normal
    distribution. Sampling distributions of mean and proportion. Central limit theorem.
    3. Statistical Inference
    Estimation of population parameters - the mean and proportion. Confidence interval
    estimation. Statistical hypotheses. Type I and Type II errors. The significance level
    and rejection region. The p-value. Testing hypotheses about the mean and proportion.
    Determining sample size.
    4. Simple Linear Regression
    Scatterplots. Measuring correlation. Simple linear regression model. Least squares
    estimated of parameters. Measures of variation. Inference about regression
    parameters. Prediction of new observations.

    Textbook
    Levine, D.M., Krehbiel, T.C. and Berenson, M.L. Business Statistics: A First Course,
    Latest Edition, Pearson Education Limited.

    References
    Jeffrey O. Bennett, William L. Briggs, Mario F. Triola, Statistical Reasoning for
    Everyday Life, 4/e, 2014, Wesley
    Liu, K. I., To K. M., Speaking of Statistics, 2014, Pearson Education Ltd
    Newbold, P., Carlson, W.L. and Thorne, B. Statistics for Business and Economic.
    Prentice Hall
    Middleton, M.R. Data Analysis Using Microsoft Excel. Thomson, Brooks/Cole.
    Online Resources
    Statistics Glossary
    http://www.stats.gla.ac.uk/steps/glossary /index.html
    Statistical Universe
    http://www.lib.umich.edu/govdocs/statuniv.html
    STICI A very interesting online statistics course
    http://www.stat.berkeley.edu/~stark/SticiGui/Text/index.htm
    HyperStat Online Statistics Textbook
    http://davidmlane.com/hyperstat/

    Class Schedule
    TOPIC
    Topic 1: Introduction to Statistics
    Session 1.2: Statistics: Fundamental for Business
    Session 1.4: Basic Vocabulary of Statistics
    Session 2.8: Misuses and Common Errors in Visualizing Data
    Session 1.3: Data and Variables
    Types of Variables
    Session 3.1: Central Tendency
    The Mean
    The Median
    The Mode
    Session 3.2: Variation and Shape
    The Range
    The Variance and the Standard Deviation
    Shape
    Session 3.4: Numerical Descriptive Measures for a Population
    The Population Mean
    The Population Variance and Standard Deviation
    Session 3.3:Exploring Numerical Data
    Quartiles
    The Interquartile Range
    The Five-Number Summary
    The Boxplot
    Topic 2: Basic Probability & Binomial Distribution
    Session 4.1: Basic Probability Concepts
    Events and Sample Spaces
    Contingency Tables
    Simple Probability
    Joint Probability
    General Addition Rule
    Session 4.2:Conditional Probability
    Computing Conditional Probabilities
    Decision Trees
    Independence
    Multiplication Rules
    Marginal Probability Using the General Multiplication Rule
    Session 5.1:The Probability Distribution for a Discrete Random Variable
    Expected Value of a Discrete Random Variable
    Variance and Standard Deviation of a Discrete Random Variable
    Session 5.2: Binomial Distribution
    Topic 3: Normal Distribution
    Session 3.4: Numerical Descriptive Measures for a Population
    The Empirical Rule
    Session 6.2: The Normal Distribution
    Computing Normal Probabilities
    Topic 4: Sampling Distribution
    Session 7.4: Sampling Distribution of the Mean
    Standard Error of the Mean
    Sampling from Normally Distributed Populations
    Sampling from Nonnormally Distributed Populations The Central Limit Theorem

    NO. OF WEEKS
    2

    TOPIC
    Topic 5: Confidence Interval Estimation
    Session 8.1: Confidence Interval Estimation for the Mean ( known)
    Session 8.2: Confidence Interval Estimation for the Mean ( unknown)

    Students t Distribution

    Properties of the t Distribution

    The Concept of Degrees of Freedom

    The Confidence Interval Statement


    Session 8.4: Determining Sample Size

    Sample Size Determination for the Mean


    Topic 6: Hypothesis Testing
    Session 9.1: Fundamentals of Hypothesis-Testing Methodology
    The Null and Alternative Hypotheses
    The Critical Value of the Test Statistic
    Regions of Rejection & Nonrejection
    Risks in Decision Making Using Hypothesis Testing
    Hypothesis Testing Using the Critical Value Approach
    Hypothesis Testing Using the p-Value Approach
    A Connection between Confidence Interval Estimation and Hypothesis Testing
    Z Test of Hypothesis for the Mean ( known)
    Session 9.2: t Test of Hypothesis for the Mean ( unknown)
    The Critical Value Approach
    The p-Value Approach
    Checking the Normality Assumptions
    Session 9.3: One-Tail Tests
    The Critical Value Approach
    The p-Value Approach
    Topic 7: Inference for the Proportion
    Session 7.5: Sampling Distribution of the Proportion
    Session 8.3: Confidence Interval Estimation for the Proportion
    Session 8.4: Determining Sample Size
    Sample Size Determination for the Proportion
    Session 9.4: Z Test of Hypothesis for the Proportion
    The Critical Value Approach
    The p-Value Approach
    Topic 8: Simple Linear Regression
    Session 3.5: The Covariance and the Coefficient of Correlation
    The Covariance
    The Coefficient of Correlation
    Session 12.1: Types of Regression Models
    Session 12.2: Determining the Simple Linear Regression Equation
    The Least-Squares Method
    Predictions in Regression Analysis: Interpolation versus Extrapolation
    Computing the Y Intercept, b0, and the Slope, b1
    Session 12.3: Measures of Variation
    The Coefficient of Determination
    Session 12.7: Inferences About the Slope and Correlation Coefficient
    t Test for the Slope
    Confidence Interval Estimate for the Slope

    NO. OF WEEKS
    1

    Form 3A

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