Nathan M. Bisk College of Business
Extended Studies


MGT 5006 Introductory Managerial Statistics, CRN 26310 (3 credits)

Spring 2019 Course Syllabus

Instructor:                  Dr. Leonard Howell

Meeting Times:          Thursday, 5:00 p.m. – 8:00 p.m.

Class Location:          Progress Center Building 7, Room 122

Email:                         lhowell@fit.edu

 

Required Textbook: Statistics for Managers using Microsoft Excel with MyStatLab Access Card Package, 8th Ed., Levine, Stephan, Szabat; Pearson/Prentice Hall. ISBN-10: 0134465970

COURSE DESCRIPTION
This course addresses methods of collecting, analyzing and interpreting data for managerial decision-making.  Includes data presentation, measures of central tendency, dispersion and skewness; fundamentals of probability; discrete and continuous probability distributions; sampling methods and sampling distributions; and confidence interval estimation of parameters and tests of hypotheses.  . Microsoft Excel and the free statistical analysis package R/RStudio will be used extensively to analyze data sets and illustrate learning points.

COURSE OBJECTIVES
This is an introduction to the techniques of collection, analysis, and interpretation of data that are useful for managerial decision making. Topics include: data presentation; measures of central tendency, dispersion, and correlation; fundamentals of probability; discrete and continuous probability distributions; sampling theory; and statistical inference.  At the conclusion of this course, the student will be able to:

  1. Present data, calculate and interpret measures of central tendency and dispersion, and interpret results;
  2. Solve problems involving elementary probabilities and interpret their results;
  3. Identify and use various types of probability distributions to solve relevant problems;
  4. Use sampling distributions to construct confidence intervals and estimates of population parameters;
  5. Test statistical hypothesis using the Z and t distributions.
  6. Apply the above using statistical tools available in Microsoft Excel & R/RStudio;

 

ASSESSMENTS

                        Homework:                                        30%
                        Midterm Exam:                                 35%
                        Final Exam:                                       35%

A conventional grading scale will be used (90-100=A, 80-89=B, 70-79=C, 60-69=D, <60=F). A grade of “I” (incomplete) may be assigned only if a student in a good standing (passing) has  been officially excused due to hospitalization or serious sickness, or other extenuating circumstances beyond their control, in which case, any due materials must be completed in accordance with the FIT guidelines for removing an Incomplete (I) grade.  

MATERIALS

  1. Microsoft Excel with add-in Analysis ToolPak
  2. Statistical software package R, free download at https://cran.cnr.berkeley.edu/ and the integrated development environment (IDE) called RStudio, free at https://www.rstudio.com/products/rstudio/download2/

NOTE: first install R, then RStudio

  1. MyStatLab – on-line course management system that delivers proven results in helping individual students succeed. It provides engaging experiences that personalize, stimulate, and measure learning for each student, and is included with the required textbook which includes the MyStatLab Access Card Package.

 

ADMINISTRATION

Class Format/Outcomes:
Classes are conducted in-class. Students are expected to have access to a computer with internet connection to access course instructional materials and complete MyStatLab assignments. Students are expected to read the textbook and posted materials, participate in class discussions and should regularly log on CANVAS to check for new postings.

Assignments and Expectations:

  1. Students will be required to:
  2. obtain the textbook and MyStatLab Access Card Package
  3. log onto FIT’s CANVAS site regularly.
  4. complete MyStatLab assignments by the due date.
  5. complete assigned textbook homework by the due date.
  6. take the midterm exam and the final exam.
  7. Homework not submitted by the due date will incur a late penalty of 25%.

 Special Notes:

  1. Both exams will be in-class, open books/ notes, and you may use a laptop computer. Cell phones and Internet are NOT allowed.
  2. Most homework exercises from the textbook require problem setup followed by several calculations. Students must show the steps involved in their solution along with other necessary details in order to gain credit for the homework.

 Academic Integrity/Plagiarism:
Academic dishonesty includes, but is not limited to: plagiarism, collaborating with others on individual assignments or projects, viewing or copying another student’s solutions during exams, submitting completed coursework for more than one course (without consent of instructors), deliberate falsification of data, interference with other students' work, and copyright violations (including both document and software copyrights).  Please familiarize yourself with the university policy on academic honesty.  If at any time you have a question regarding integrity or plagiarism, ask the instructor for clarification.

Dishonest assignments (e.g., where plagiarism has occurred) will be dealt with under the University policy on Academic Misconduct.  Access to this policy, including the factors that constitute a dishonest assignment is available at http://www.fit.edu/current/plagiarism.pdf.  Students are encouraged to familiarize themselves with the definitions of academic misconduct.

Full and detailed acknowledgement (e.g. notation, and/or bibliography) must be provided if contributions are drawn from literature in preparation of reports and assignments.  Student written work must properly cite and reference original work, author(s), etc.  Citation and referencing must conform to either APA (American Psychological Association) or AMA (American Marketing Association) formats both in the body of your paper and the attached reference section.

 

Communication Medium:
The primary method of communication will be through the class e-mail on CANVAS.  It is the student’s responsibility to stay current with all postings to the class web site on CANVAS. A hardcopy of homework solutions to textbook problems will be turned in at the beginning of class on their due date. MyStatLab homework assignments are done on-line and a hardcopy will not be submitted during class. Students unable to attend class can either have another student submit their homework for them or submit via email.

Computing, Information Retrieval, and Writing Expectations

TITLE IX
What is Title IX?

Title IX of the Educational Amendments Act of 1972 is the federal law prohibiting discrimination based on sex under any education program and/or activity operated by an institution receiving and/or benefiting from federal financial assistance. Behaviors that can be considered “sexual discrimination” include sexual assault, sexual harassment, stalking, relationship abuse (dating violence and domestic violence), sexual misconduct, and gender discrimination. You are encouraged to report these behaviors. 

Reporting: Florida Tech can better support students in trouble if we know about what is happening.  Reporting also helps us to identify patterns that might arise – for example, if more than one complainant reports having been assaulted or harassed by the same individual.

Florida Tech is committed to providing a safe and positive learning experience.  To report a violation of sexual misconduct or gender discrimination, please contact Linda Jancheson, Title IX Coordinator at 321-674-7277 or ljancheson@fit.edu.

 

 COURSE SCHEDULE

This outline is subject to change, and additions may be made throughout the semester.

Week                    Text Material       Topic                                                                        

Week 1                        Course Overview        Slides available on CANVAS
                                    Chapter 1                    Defining and Collecting Data

Week 2, 3                    Chapter 2                    Visualizing Data

Week 4                        Chapter 3                    Numerical Descriptive Measures

Week 5                        Chapter 4                    Basic Probability

Week 6                        Chapter 5                    Discrete Probability Distributions

Week 7                        Chapter 6                    Normal Distribution, Other Continuous Dist.

Week 8                        Midterm Exam            Covers Chapters 1-5.

 

Week 9                        Chapter 7                    Sampling Distributions

Week 10, 11                Chapter 8                    Confidence Interval Estimation

Week 12, 13                Chapter 9                    Fundamentals of Hypothesis Testing:
                                                                         One Sample Tests            

Week 14                      Review, Study Week

Week 15                      Final Exam                  Covers Chapters 6 - 9.