**DEPARTMENT
OF ****MATHEMATIC**S

**COURSE
OUTLINE**

** **

** **

Friday
12:30 - 2:30 Wednesday
by appointment |

**1. INTRODUCTION**

**This
course is designed for students in Business Administration, covering
probability and statistics. Students
will be introduced to techniques involved in the collection, organization,
analysis and interpretation of data. Application
in management and economics will be emphasized.**

**2. OBJECTIVES**

** Statement of Competency**

**To identify the contribution of knowledge
related to business (and the social sciences) to the understanding of the human
phenomena and to apply statistical techniques to study statistical models in
business.**

** **

** Elements of the competency**

** 1. To
place the development of statistics in a historical context**

** 2. To
recognize and describe the four basic techniques of statistics**

** 3. To
present the natural transition from descriptive statistics to inferential
statistics**

** 4. To
use inferential statistics to make business decisions.**

**3. COURSE CONTENT**

** What is Statistics**

** 1. Introduction**

** 2. Key
Statistical concepts**

** 3. Types
of data**

** 4. Graphical
techniques**

** 5. Summation
notation**

** Numerical descriptive techniques**

** 1. Measures
of central tendency**

** 2. Measures
of dispersion**

** 3. Measures
of relative standing**

** 4. Measures
of linear relationship**

** Probability**

** 1. Introduction**

** 2. Basic
rules of probability**

** 3. Bayes'Theorem**

**Random
variables and discrete probability distributions**

** 1. Discrete
random variable**

** 2. Mean,
variance and std. deviation of a discrete random variable**

** 3. Application
in finance**

**4. The binomial distribution**

** 5. The
Poisson distribution**

** Continuous Probability Distributions**

** 1. Probability
density functions**

** 2. Normal
distribution**

** 3. Normal
approximation to the binomial and Poisson distributions**

** 4. Exponential
distribution (optional)**

** Sampling and Sampling Distributions **

** 1. Sampling
distribution of the mean**

** 2. Sampling
distribution of a proportion**

** 3. Sampling
distribution of the difference of two means**

** Estimation**

** 1. Estimation
of the population mean**

** 2. Estimation
of the population proportion**

** 3. Estimation
of the pop. variance/std. deviation**

** 4. Estimation
of the difference of two pop. means**

** 5. Estimation
of the difference of two pop. proportions**

** 6. Estimation
of the quotient of two pop. variances**

** Hypothesis Testing**

** 1. Test
about a pop. mean**

** 2. Test
about a pop. proportion**

** 3. Test
about a pop. variance/std. deviation**

** 4. Test
about the equality of two pop. means**

** 5. Test
about the quality of two pop. proportions**

** 6. Test
about the equality of two pop. variances.**

**4. REQUIRED
TEXT:**

** STATISTICS FOR MANAGEMENT AND
ECONOMICS (Abbreviated 4th ed.)**

** by Keller and Warrack**

** Published by: Duxbury Press
(Approx. Cost: $95.00)**

**5. METHODOLOGY**

** **

**Classes
are a mixture of lecture, discussion and problem solving. All classes are an integral part of the
course. Three hours a week of homework
is normal. Generally each class
introduces a new topic followed by worked examples.**

**Ask
for help if you encounter difficulties in this course. Review your notes regularly. Do the labs as soon as possible, as the
material is fresh in your mind. This
also gives you a chance to get help before real problems develop.**

** Math Website: http:
www2.johnabbott.qc.ca/webpages/departments/math/**

Math Lab: The Math Lab is located in H-203 and is open from 11:800 to 4:00 for borrowing course material or using the computers and printers for math assignments.

**The
Math Help Center: There is usually a
teacher or a senior student available for individual help. The center is located in H-203 from 9:00 to
11:00 and in H-222 after 11:00.**

**Learning
Center: The Learning Center is located
in H-117A and offers student skills classes and individual tutoring.**

**6. DEPARTMENTAL ATTENDANCE POLICY**

**Regular
attendance is expected. Missing six or
more classes is grounds for automatic failure in this course. Many of the failures in math is due to
students missing classes.**

**7. COURSE COSTS**

**In
addition to the text listed above, a calculator with statistical functions
(preferably two variable) is required.**

**8. EVALUATION**

** Labs (assignments - best 10 @ 2%) 20%**

** Class Tests (3 tests @ 10%) 30%**

** Final Exam 50%**

**9. COLLEGE POLICY ON CHEATING AND
PLAGIARISM:**

**Cheating
and plagiarism are unacceptable to John Abbott College. Students must know that if you are caught
cheating you should expect to be penalized according to College Policy
described in the Institutional Policy on the Evaluation of Student Achievement
(IPESA).**** **C:\MATH\course.out\337C.F02.wpd