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Lecture

QMS 102 Lecture Notes - Ryerson University, Skewness, Prentice Hall


Department
Quantitative Methods
Course Code
QMS 102
Professor
Shavin Malhotra

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QMS 102
Business Statistics I
FALL 2012 COURSE OUTLINE
Prerequisite &/or Exclusions: None
COURSE REPEATS:
Ryerson Senate GPA policy prevents students from taking a course more than three
times. (i.e., registered initially, repeated once, repeated twice = 3 registrations) If you
fail a required course for the third time, you will be assigned an academic standing of
Withdrawn, and will be ineligible to continue in your program.
INSTRUCTOR INFORMATION:
INSTRUCTOR: Robert Hudyma
PHONE: 416-979-5000 (Ext 7673) Note: Please contact me by email.
DO NOT LEAVE ME A PHONE MESSAGE.
CONSULATATION HOURS: Monday 3PM to 5PM TRS 2-030
Course E-MAIL: qmsrh@ryerson.ca
Use this e-mail for questions regarding grades and course
content.
E-MAIL: bhudyma@ryerson.ca (Due to the high volume of emails
received, please expect at least three working days for a
response).
E-MAIL ACCOUNTS:
Students are required to activate and maintain a Ryerson Matrix e-mail account. This
shall be the official means by which you will receive university communications. See
http://www.ryerson.ca/senate/policies/pol157.pdf
The Subject field of each e-mail should be carefully completed and should contain the
course code QMS102”. It is requested that e-mails should be sent to your
professor only if you cannot wait to have your question(s) answered before the
next scheduled lecture.
Your email responses will be posted on the Blackboard announcement with your identity
removed. Please read your announcement on Blackboard frequently.
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METHOD OF POSTING GRADES:
Students who wish not to have their course grades posted must inform the
instructor in writing before the second session. All final grades will be available on
the web at my.ryerson.ca (RAMSS) at the end of each term, approximately 10 days after
the date of the final examination. Grades will not be faxed or emailed.
CALENDAR COURSE DESCRIPTION:
This course consists of an introduction to business statistics including methods of
describing, summarizing, graphically presenting, measuring and analyzing statistical
data, probability distributions, variance applications, sampling distributions and control
charts. The course emphasizes how to apply various statistical techniques in the support
of managerial decisions in the various functional areas of business. Students will be
required to use the recommended calculator to present and analyse statistical data.
COURSE OVERVIEW:
Learning Goals Learning Objectives
The students will be able to
Properly present
and describe
information
Organize and present data in tables and charts
such as a stem-and-leaf display and frequency
distributions
Graph the data in the form of a histogram,
polygon or ogive
Descriptive
Summary
Measures
Probability
Quality Control
Describe a set of data by measuring the central
tendency and the variability of the data.
Compare variability.
Summarize data with a box-whisker plot.
Decide when and how to use various probability
distributions
Calculate the control limits for the various
control charts and understand what a control
chart is indicating
TEXTS & READING LISTS:
Business Statistics: A Two-Semester Text, 9th edition for Ryerson University,
Compiled by Darryl Smith and Clare Chua
Prentice Hall, 2012 ISBN: 1256821349.
NOTE: The new edition of the text has been revised. If you wish to buy the older
edition of the text, you are fully responsible for all the changes made in the new edition.
The professor will assign problems from the new edition of the text. You are responsible
to match up the assigned problems from the new edition with the old edition of the text.
REQUIRED CALCULATOR:
Please buy the CASIO FX-9750GII calculator. The CASIO FX- 9750G PLUS calculator or an
equivalent calculator is acceptable. However your professor will not be supporting or
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using any calculator other than the CASIO FX-9750GII calculator in class. If you decide to
use a calculator other than the CASIO FX-9750GII you are responsible for knowing how to
use its functions on your own. You are not allowed to use a laptop or a portable/handheld
computer in quizzes, test and exam.
COURSE OBJECTIVES:
On completion of the course, students will be able to:
1. Describe, present and analyze information
2. Describe a set of data by measuring the central tendency and the variability
of the data
3. Apply the concept of probability to quantify uncertainty and assess business risk.
EVALUATION:
The grade for this course is composed of the mark received for each of the
following components:
Component Percent/Weig
ht
Date
Test #1 (90 minutes) 25% Week 5
Test #2 (90 minutes) 20% Week 11
11 Online homework 5% Almost every
week
Final Exam (2 ½ hours) 50% TBA
(Tuesday,
December 4 to
Saturday,
December 15,
including
Saturday,
December 8)
TOTAL 100%
(*this approximate date and the schedule and weights in the table
immediately above are subject to change)
NOTES:
1. The tests and final exam will be CLOSED BOOK. For each test a one page 8.5 x 11
inch crib sheet (two- sided) will be permitted. For the final exam 2 crib sheets (two-
sided) will be permitted. Please note that BLANK crib sheet is not allowed in the
examination room. It shall be removed. Any inappropriate crib sheets will be removed
during the test and examination. You must write your name on your crib sheet. We
reserved the right to remove your crib sheet.
2. Each test will be approximately 90 minutes in duration. The final exam will be of 2
½ hours in duration.
3. Topics covered on test/exam.
Test 1 will cover all topics from week 1 to week 4 inclusive. (Note: topics may subject
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