Preview

Statistics for Management and Economics

Better Essays
Open Document
Open Document
6145 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Statistics for Management and Economics
Course:
Professor:
Term:
Sections:
001:
002:
003:
502:
Contact Information:
Office Phone
Office Location
Email

OPRE 6301/SYSM 6303 (cross-listed courses) FALL 2012
Carol A. Flannery, Ed.D.
Fall 2012
Friday
Tues/Thurs
Wednesday
Thursday

4:00 pm to 6:45 pm
11:30 am to 12:45 pm
1:00 pm to 3:45 pm
7:00 pm to 9:45 pm

SOM 1.217
SOM 2.106
SOM 1.117
SOM 1.212

972-883-5853 (Answered only during office hours)
JSOM 2.416 flannery@utdallas.edu All contact concerning your class must be via eLearning class website.
Email sent via eLearning is checked daily Monday through Friday.
Voicemail on office phone is not checked daily.

Office Hours

Tuesday
Wednesday
Thursday
Friday

10:00 am to 11:15 am
11:30 am to 12:30 pm
10:00 am to 11:15 am and 6:00 pm to 6:45 pm
3:00 pm to 3:45 pm

Teaching Assistant

To be posted for each section on eLearning
Please note: Office hours are not to be used to reiterate a class that was missed. Have your questions or problems prepared before coming to see either your professor or TA. Written evidence you have attempted problems will be required.

General Course Information
Pre-requisite: MATH 5304 or equivalent
Course Description
OPRE 6301 Quantitative Introduction to Risk and Uncertainty in Business (3 semester hours) Introduction to statistical and probabilistic methods and theory applicable to situations faced by managers. Topics include: data presentation and summarization, regression analysis, fundamental probability theory and random variables, introductory decision analysis, estimation, confidence intervals, hypothesis testing, and One Way
ANOVA (Some sections of this class may require a laptop computer). Prerequisite: MATH 5304 or equivalent.
( 3- 0) S

1

Learning Objectives
Students are expected to develop skills on problem formulation, identification of appropriate statistical techniques, computer implementations in Excel and/or manual calculations and written

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Economics of Risk and Uncertainty Applied Problems. Please, complete the following 3 applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.…

    • 702 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The higher the score, the more experience the person had when they first started. The…

    • 1201 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    What are parameters and statistics (or estimates)? List two of the parameters and their corresponding statistics that were covered in Topics 7 & 8, and give examples of each.…

    • 2080 Words
    • 9 Pages
    Good Essays
  • Better Essays

    References: 1. Roy, R. (2010). Why does gas cost so much? Retrieved August 7, 2011 from http://autos.aol.com/article/why-gas-costs-so-much/.…

    • 1062 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    There are several perceptions about the causes of property crime in the United States. Many believe that the degree of property crime is determined by various factors including per capita income for each state, percentage of public aid recipients, high school dropout rates and many more. This project seeks to provide evidence for or against some of these common perceptions about property crime. Specifically it seeks to answer the questions: are crime rates higher in urban than rural areas? Does unemployment or education level contribute to property crime rates? Other independent variables that will be studied include public aid for families with children, population density, and average precipitation in the major city in each state.…

    • 1409 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    A population is the total of all the individuals or objects that could be observed or measured. A sample is a subset or portion of a population. Sample should represent the population with fewer but sufficient number of items. One Population can have several…

    • 1640 Words
    • 7 Pages
    Better Essays
  • Better Essays

    In today’s society, gas and oil prices continue to rise which has a direct impact not only on one’s household but also in the delivery service industry. As prices on gas rise, the impact is felt on the consumer as delivery services increase their prices. While many Americans try to conserve their savings, this places limits on spending. Due to the advancement in technology, online shopping has increased which saves many consumers money on driving to and from stores. However, with the increase on gas prices, many delivery services have stopped their free shipping in order to compensate on the rising gas prices. This can either benefit the company or it can be a disadvantage. Due to the demand and increase of online shoppers, forecasting oil and gas prices are necessary. Organizations in this type of industry can research and forecast oil and gas prices by creating projected reports for the next ten years. By using a scatterplot and linear regression line, companies can predict the increase of gas prices thus come up with various strategies to stay competitive.…

    • 1197 Words
    • 5 Pages
    Better Essays
  • Good Essays

    University of Phoenix OnlineCourse: RES / 341QUIZ # 1(Chapter 3 and 4 from Applied Statistics in Business and Economics )45 Questions [Each Question = 1 Point]SOLUTIONPlease mark one answer for all multiple choice questions with RED!Chapter 3Multiple Choice1. Which is not a tip for effective bar charts?A) Time usually goes on the horizontal axis.…

    • 2037 Words
    • 12 Pages
    Good Essays
  • Satisfactory Essays

    C1 Course Syllabus

    • 4618 Words
    • 19 Pages

    Phone: 704-972-6342 (If I do not answer the phone, feel free to leave a message. I do not typically return phone calls. E-mail is the best way to get in contact with me.…

    • 4618 Words
    • 19 Pages
    Satisfactory Essays
  • Good Essays

    44 of 1080 respondents or approximately 4% strongly agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving.…

    • 651 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Statistics for Managers

    • 948 Words
    • 4 Pages

    0.01 2.326 significant 0.001 3.09 not significant C. Using the information in part b, calculate the p-value and use it to test H0 versus Ha at each of .10, .05, .01 and .001. The p-value is 0.0025. This being stated, the result is significant at 0.10, 0.05, and 0.01, because p < alpha. At 0.001, the result is not significant, because p > alpha How much evidence is there that the mean composite satisfaction rating exceeds 42? We can be at least 99% certain, but not as much as 99.9% certain.…

    • 948 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Exam Managerial Statistics

    • 1341 Words
    • 6 Pages

    Course Description: This course introduces students to basic concepts in probability and statistics of relevance to managerial decision making. Topics include basic data analysis, random variables and probability distributions, sampling distributions, interval estimation, hypothesis testing and regression. Numerous examples are chosen from quality-control applications, finance, marketing and management. Type and Length of Exam: Open book, 3 hours, calculator such as HP-12C or HP-21S required. Laptop not allowed. Specific Topics Covered: Descriptive statistics, including mean, median, mode, standard deviation and variance, and the ability to calculate and interpret these. Elementary probability theory, understanding basics including the ability to calculate the probabilities of unions and intersections of simple events. Understand the idea of independence of events. Conditional probabilities, Bayes rule. Distributions, including the binomial and the normal distribution. Sampling and sampling distributions. Understand the concept of the standard error. Be able to build confidence intervals on the means or proportions or the difference in means or proportions based on sample data. Understand the testing of hypotheses for means, proportions, and the difference of means and proportions. Linear regression analysis. This includes understanding the idea of the regression equation, the correlation coefficient and coefficient of determination. Being able to test hypotheses on the slope (coefficients), build confidence intervals on the coefficients. Build confidence intervals on predictions. Recommended Reading for Review: Spiegel, Murray. Statistics. Schaum Outline Series, McGraw-Hill. Newbold, Paul. Statistics for Business and Economics. Prentice-Hall. Berenson, Levine and Stephan. Statistics for Managers Using Microsoft Excel. Prentice-Hall. Sample Exam: See attached.…

    • 1341 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Business Statistics Ii

    • 2637 Words
    • 11 Pages

    (β 0, β 1, . . . , β p ) have exponents of one.…

    • 2637 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Business Statistics

    • 3178 Words
    • 13 Pages

    The National Health Care Association is concerned about the shortage of nurses the health care profession is projecting for the future. To learn the current degree of job satisfaction among nurses, the association has sponsored a study of hospital nurses throughout the country. As part of this study, a sample of 50 nurses was asked to indicate their degree of satisfaction in their work, their pay and their opportunities for promotion. Each of the three aspects of satisfaction was measured on a scale from 0 to 100, with larger values indicating higher degrees of satisfaction. The data collected also showed the type of hospital employing the nurses. The types of hospitals were private (P), Veterans Administration (VA) and University (U). The complete data set is on the file named “Health”.…

    • 3178 Words
    • 13 Pages
    Better Essays
  • Good Essays

    MB0042 MANAGERIAL ECONOMICS

    • 5177 Words
    • 16 Pages

    Question 1 : Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon.…

    • 5177 Words
    • 16 Pages
    Good Essays