Illinois Valley Community College
Economics
Course Number and Title: ECN 2004 Business Statistics
Session: Winter Semester 2008
Instructor: David Gordon (B323)
Phone Number: (815) 224 - 0393 (email David_Gordon@ivcc.edu)
Office Hours: Mon. 11:00 A.M. – 1:00 P.M.
Tues. 1:45 P.M. –2:30 P.M.
Wed. 11:00 A.M. - 1:00 P.M.
Thurs. 1:45 P.M. – 2:30 P.M.
Fri. 11:00 A.M. – 1:00 P.M.
Credit Hours: Three
Prerequisites: TBA.
Textbook: Business Statistics: A First Course, 4th edition, Prentice Hall
Publishing, by Levine, Krehbiel, and Berenson. (Required)
Periodicals: Wall Street Journal (Optional)
Barrons (Optional)
Rationale:
The main goal of the course is to introduce the student to the fundamentals of statistics, including data collection and analysis. Applications in various business disciplines will be covered.
Course Objectives:
Upon completion of the course the student should have a firm grasp of the following topics:
1) Data collection procedures.
2) Presentation of data in various formats.
3) Description of numerical data.
4) Laws of probability.
5) Probability distributions.
6) Construction of confidence intervals.
7) Use of confidence intervals.
8) One tailed hypothesis tests.
9) Two tailed hypothesis tests.
10) T-values, p-values, and Z-values.
11) Comparison of two samples.
12) F-test.
13) One factor analysis of variance.
14) Chi square test.
15) Simple regression analysis.
Course Evaluation Information:
Evaluation:
Exam #1 20%
Exam #2 20%
Exam #3 20%
Exam #4 20%
Assignments/Quizzes 20%
and attendance.
Make-up exams will be given only in cases of documented
illnesses or qualifying emergencies.
Homework assignments:
Homework assignments will consist of problems in your textbook and supplemental problems given in the form of handouts. It is EXTREMELY important in this class to do the assigned homework problems prior to the next class meeting. Some of your exam questions might consist of prior homework assignments.
Exams:
Exams will consists predominately of problems and other objective questions. The dates of the exams will be announced at least two weeks ahead of time.
Grades:
An average of 90% or above on all coursework guarantees an “A”, an average of 80% - 89% guarantees a “B”, etc.
Attendance:
I will formally take attendance. Attendance is STRONGLY encouraged for two main reasons: firstly, my exams closely parallel the topics emphasized in my lectures, secondly, part of your final grade will be based on your attendance.
Withdrawal Procedure:
If you wish to withdraw from the class you must notify me in person. The withdrawal deadline is listed in the school catalog.
Tentative Schedule of Course Material:
Week #1: Introduction
Week #2: Chapter 1 (Data Collection)
Week #3: Chapter 1 continued and Chapter 2 (Presenting Data in Tables and Charts).
Week #4: Chapter 3 (Summarizing and Describing Numerical Data). EXAM #1.
Week #5: Review of exam and Chapter 4 (Basic Probability )
Week #6: Chapter 4 continued.
Week #7: Chapter 5 (Discrete Probability Distributions)
Week #8: Chapter 6 (The Normal Distribution). EXAM #2.
Week #9: Review of exam and Chapter 7 (Sampling Distributions)
Week #10: Chapter 8 (Confidence Intervals)
Week #11: Chapter 9 (Fundamentals of Hypothesis Testing)
Week #12: Chapter 9 continued.
Week #13: Chapter 9 continued and EXAM #3
Week #14: Review of exam and Chapter 10 (Two Sample Tests)
Week #15: Chapter 10 continued
Week #16: Chapter 11 (Chi Square Tests) and Chapter 12 (Simple Linear Regression)
Week #17: Chapter 12 continued and EXAM #4.
If you are a student with a cognitive, physical or psychiatric disability you may be eligible for academic support services such as extended test time, texts on tape, note taking services,
etc.... If you are interested in receiving academic support services, please contact the Special
Populations Office at 224-0284, office B-204.