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Business Statistics - 2025-1 V2 PDF

The document outlines the course details for Business Statistics MGMT 1001-02, including objectives, teaching methods, evaluation criteria, and a tentative schedule for Spring 2025. The course focuses on hypothesis testing and regression analysis, aiming to develop students' quantitative skills for better business decision-making. Students are expected to participate actively, complete readings, and work on a final project applying course concepts to real-world data.

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Альбина Чан
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64 views5 pages

Business Statistics - 2025-1 V2 PDF

The document outlines the course details for Business Statistics MGMT 1001-02, including objectives, teaching methods, evaluation criteria, and a tentative schedule for Spring 2025. The course focuses on hypothesis testing and regression analysis, aiming to develop students' quantitative skills for better business decision-making. Students are expected to participate actively, complete readings, and work on a final project applying course concepts to real-world data.

Uploaded by

Альбина Чан
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BUSINESS STATISTICS MGMT 경영통계학 1001-02

SPRING 2025-1
Classroom: Orbis (오202)
Time: Mondays & Wednesdays (16:30pm to 17:45pm)
Instructor: Prof. Shali WU
Office: Orbis 708
Office Hour: Mon & Wed 2:00 to 3:00 or by appointment
Email: shali.wu@khu.ac.kr

Course Objectives
Business Statistics involve developing business questions, collecting data,
analyzing it and drawing inference, with a view to making better deci-
sions. For this part of the course, we will learn to form quantitative mind-
set and apply different methods of data analysis to turn data into useful
information as well as new insight for managerial decision making. To
this end, this part of the course will have two major emphasis: (1) Hypothesis
Testing, and (2) Regression Analysis. Business data analysis is
vital in the assessment of new business opportunities, go/no- go decisions
for new products, pricing and product design issues, among other business issues.
This is a hands-on course likely to be of use to anyone pursuing a career in
entrepreneurial ventures, management consulting, venture
capital, as well as more traditional business and management roles.

Teaching Methods
In this course we will use lectures, examples and exercises. Additional
materials may be distributed as needed. The readings are designed to introduce
data analysis concepts and principles. Cases will allow us to ex-
amine, in detail, the application of particular quantitative approach and
techniques. The textbook will serve as background and general readings
that will allow you to better understand the material delivered and dis-
cussed in class. The course is designed to help you become an intelligent
data analyst and producer of better business decisions.

Textbook
1.Business Statistics: Communicating with Numbers, 4th Edition ISBN10:
1260716309 | ISBN13: 9781260716306 By Sanjiv Jaggia and Alison Kelly
2. <Students e-book purchase URL>
https://estore.mheducation.com.sg/redeem/006PE000006hAjrYAE
Suggested
Readings
1. Business Analytics, by James R Evans, 2nd Edition, Pearson 2017
2. Statistics, Data Analysis and Decision Modeling, by James R Evans,
5th Edition, Pearson 2013
3. Management Decision Making: Spreadsheet Modeling, Analysis and
Applications, By G.E. Monahan, Cambridge University Press, 2000

Student Evaluation
1. Class Attendance and Class Participation: 30%
2. Quiz and Exams: 40%
3. Final Project: 30%

Class Attendance and Participation


Attendance: You are expected to attend each class session. If you must
miss a session for any reason you should make every effort to notify the
professor prior to the class meeting.
Punctuality: You are expected to arrive and be seated prior to the start of
each class session. You should display your name cards (if available) in
all classes at all times.
Behavior: Classroom interaction will be conducted in a spirited manner,
but always while displaying professional courtesy and personal respect.
Preparation: You are expected to complete readings, case preparations
and other assignments prior to each class session and be prepared to ac-
tively participate in discussion.
Distractions:
Exiting and Entering: You are expected to remain in the classroom for the
duration of the class session unless an urgent need arises or prior
arrangements have been made with the professor.
Laptop, PDA, and Other Electronic Device Usage: You are expected to
use laptops, PDAs, and other electronic devices only with the professor’s
consent and for activities directly related to the class session. Accessing
e-mail or the Internet during class is not permitted as they can be distract-
ing for peers and faculty.
Cellular Phone and Pager Usage: You are expected to keep your mobilephones
and pagers turned off or have them set on silent/vibrate during
class. Answering phones or pagers while class is in session is not permit-
ted.
Other distractions-specifically identified by individual instructors such as
eating in the classroom. You will learn the most from this class if you and
your classmates participate fully. You all have different experiences and
insights, and a great deal of what you learn in class is from each other.
Thus, each one of you is expected to contribute to class discussions,
which will account for 25% of your final grade.

Final Project
The objective of the final group project is to provide you with hands-on
experience in applying what you learn in the course to a real-world enter-
prise. Data will be shared with the whole class for creative analysis and
findings. More details about the final project will be distributed during
the midterm.

Tentative Course Schedule


Important Note: This schedule is tentative and may change as the term proceeds. It is your
responsibility to keep up with any changes which may be made.

Week Day Session Date Topic


Public Holiday No Meeting
Mon 1 2025-03-03
1
Lecture: Syllabus Review
Wed 2 2025-03-05

Lecture: Introduction: Understanding Data


Mon 3 2025-03-10

2
Lecture: Data Preparation [Chap 1]
Wed 4 2025-03-12

Lecture: Graphical Methods [Chap 2]


Mon 5 2025-03-17

Wed 6 2025-03-19 Lecture: Descriptive Statistics [Chap 3]

Mon 7 2025-03-24 Professor at Conference [No meeting]

4
4

Wed 8 2025-03-26 Lecture: Probability [Chap 4]

Mon 9 2025-03-31 Lecture: Distribution, Normal Distribution


and Sampling Distribution (I) [Chap 5,6,7]
5

Wed 10 2025-04-02 Lecture: Distribution, Normal Distribution and


Sampling Distribution (II) [Chap 5,6,7]

Lecture: Point Estimation, Interval Estimation


Mon 11 2025-04-07 [Chap 8]

6 Lecture: Hypothesis Testing (I, II) [Chap 9, 10]


Wed 12 2025-04–09 Final Project Assignment [In Class]

Mon 13 2025-04-14
7 Working on final project Proposal (Group work)
Wed 14 2025-04-16
Mon 15 2025-04-21 Midterm Preparation
8 Midterm Exam [In Class]
Wed 16 2025-04-23

Mon 17 2025-04-28 Lecture: Chi-Square Testing [Chap 12]

9
Lecture: Introduction to Regression
Wed 18 2025-04-30 [Chap14]

Mon 19 2025-05-05 Public Holiday (No meeting)


10
Lecture: Multiple Regression [Chap 15]
Wed 20 2025-05-07

Lecture: ANOVA [Chap 13]


Mon 21 2025-05-12

11
Lecture: Dummy Variables and Logistic
Wed 22 2025-05-14 Regression [Chap 15, 17]

Mon 23 2025-05-19 Lecture: Conjoint Analysis [Optional]


12
Lecture: Time Series Analysis [Chap 18]
Wed 24 2025-05-21

Lecture: Investment Returns [Chap 19]


Mon 25 2025-05-26
13
Wed 26 2025-05-28 Overall Review
Final Presentation I (G1-G5)
Mon 27 2025-06-02
14
Wed 28 2025-06-04 Final Presentation II (G6-G10)
15 Wed 29 2025-06-11 Final Exam [In Class]
16 Mon 30 2025-06-16 Final Project Write-up Due

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