SCHOOL OF BUSINESS NORTH SOUTH UNIVERSITY, DHAKA, BANGLADESH Master of Business Administration Program Spring 2014 Course: Instructor:

Credits: Class Schedule: Office Location: Office Hours: BUS 511 Business Statistics Kais Zaman, Ph.D. Three (3) Sundays, 7:00-10:10 p.m., NAC 603. NAC 853 Sundays, 06:00-7:00 p.m. Tuesdays, 06:00-7:00 p.m. Other days and times by appointment 01825581156 E-Mail: kaiszaman@yahoo.com

Contact:

Course Materials: https://sites.google.com/site/zamankais/

1.

Course Overview

This course provides the statistical foundations needed to make informed decisions, backed up by data. You will learn statistical concepts and tools that enable you to understand topics such as risk analysis, market research and quality management. The course will include many hands-on sessions with statistical software such as Minitab and Microsoft Excel. The material in the course will be taught with an emphasis on applications. The course begins with a review of descriptive statistics, probability, random variables, and discrete and continuous probability distributions. Then the course studies sampling, confidence intervals, hypothesis testing, correlation analysis, analysis of variance, simple and multiple regressions, non-parametric statistics, and statistical simulation. 2. Course Objectives

By the end of this course, you should be able to:

use descriptive statistics to summarize a set of data

recognize the characteristics under which a managerial situation could be described by a probability distribution use sample results to make estimates of population parameters use sample results to test theories (hypotheses) about population parameters use sample results from two (or more) sets of data to determine if there are differences between two (or more) population parameters use covariance, analysis of variance, and regression to estimate the relationship between two (or more) sets of data use Excel and Minitab for data analysis and interpret data analysis output write a statistical report in the form of research paper

3.

Required Textbook

4.

Statistical Techniques in Business & Economics, Lind, D A, Marchal, W G and Wathen, S A, McGraw-Hill Irwin, twelfth edition, 2004. Assessment

Assessment for this course will consist of five parts: written problems, three class tests (best two will be considered), a project, two midterm tests, and a final examination. Your final grade will be calculated from a percentage calculated as follows: Problems Class Tests Project Midterm Test-1 Midterm Test-2 Final Examination 10% 15% 15% 15% 15% 30%

Written problems: Problems will be assigned on a regular basis during class, and (unless a different schedule is announced in class) will be due in class on the Sunday of the school week following the week in which they are announced. If you have a good reason for submitting an assignment late, please see me (in advance if at all possible) to make arrangements. Otherwise, late assignments will receive a mark of zero. Written solutions to problems should be fully explained, using clear English sentences where necessary. Some problems will require the use of computer programs such as Minitab and Microsoft Excel. Practice problems: Problems for practice will be given out on a regular basis, and will be discussed in class as time permits.

Project: Students will be required to complete a group project in the form of a research paper. The project includes the following: 1. 2. 3. 4. Task Research topic due Completed proposal due Progress report due Project due followed by presentation Due Date 23/02/2014 27/02/2014 23/03/2014 20/04/2014

Class test, midterm test and final examination: There will be three 20minute in-class tests and two 90-minute midterm tests, see the table below for exam schedule. Absence from the tests will be excused only if authorized in advance by the instructor. In case of an emergency the instructor must be notified before the test beginsif you cannot reach me, send me an email. If sufficient notice of an absence is given, arrangements will be made for you to take the test early. If this is not possible your final mark at the end of the semester will be prorated to take account the missed test. Absolutely no makeups will be given after the test. In the event of an unexcused absence, or if the instructor is informed unreasonably late of a foreseeable absence, then the mark for the test will be recorded as zero. There will be a 120-minute final examination, which will be announced later or will be arranged as per university schedule. An alternate examination will not be offered. All the tests and the final examination will contain questions involving proofs, essays, or both, as well as questions requiring computations. Anything discussed in the class is fair game for the tests and final examination. 5. Class and Exam Schedule The following planned class and exam schedule is tentative and is subject to change as the course progresses.

Lecture 1

Topic Introductiontostatistics,Methodsfor describingdata:Frequencydistributions andgraphicpresentation Methodsfordescribingdata:Numerical measures,Asurveyofprobabilityconcepts ClassTest1(Lectures1&2) Discreteandcontinuousprobability distributions,Samplingmethodsand centrallimittheorem Researchtopicdue

Date 09/02/2014

2 3

16/02/2014 23/02/2014

MidtermExam1(Lectures13) Estimationandconfidencebounds Projectproposaldue ClassTest2(Lecture4) Onesampletestsofhypothesis Twosampletestsofhypothesis MidtermExam2(Lectures46) Analysisofvariance Projectprogressreportdue Linearregressionandcorrelation ClassTest3(Lectures89) Multipleregressionandcorrelation analysis Nonparametricmethods,Statistical simulation ProjectPresentation Projectreportdue FinalExam(Lectures811)

27/02/2014

5 6 7 8 9 10

02/03/2014 09/03/2014 16/03/2014 23/03/2014 30/03/2014 06/04/2014

11 12

13/04/2014 20/04/2014 TBA