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Ryerson University
Quantitative Methods
QMS 102
Shavin Malhotra

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twice = 3 registrations) If you fail a required course for the third time, you will be assigned an academic standing of Withdrawn, and will be ineligible to continue in your program.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: [email protected] Use this e-mail for questions regarding grades and course content. E-MAIL: [email protected] (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 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. 1 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 (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 • Organize and present data in tables and charts and describe such as a stem-and-leaf display and frequency information distributions • Graph the data in the form of a histogram, polygon or ogive Descriptive • Describe a set of data by measuring the central Summary tendency and the variability of the data. Measures • Compare variability. • Summarize data with a box-whisker plot. Probability • Decide when and how to use various probability distributions Quality Control • Calculate the control limits for the various control charts and understand what a control chart is indicating TEXTS & READING LISTS: th Business Statistics: A Two-Semester Text, 9 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 2 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 Date ht 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 3 to change. Any changes will be announced in class.) Test 2 will cover topics on probability (from week 6 to 10). (Note: topics may subject to change. Any changes will be announced in class.) Exam will cover all topics from week 1 to week 12 inclusive. 4. You are required to submit an online homework. The due date will be indicated in the website. Excuses related to technology such as laptop breakdown, server down, cannot access the website, etc are not considered. There is no makeup for a missed online homework. Therefore do your homework early. What you should do if you miss your test/exam? Please follow these steps. 1. You must report your absence by email to your professor that you are unable to write your test/exam before the test/exam date. 2. Then, you must submit the appropriate documentation to your professor within 3 working days of the test/exam. If you cannot submit the document(s) within three working days, you must notify your professor by email to avoid receiving a zero mark. If the notification and document are not received in time, your test/exam mark will be zero. Ryerson Medical form can be downloaded from . Please note that your professor only accept the Ryerson Medical form. It is your responsibilities to observe the Policy 134 section IB3 of part c to avoid receiving a zero mark on your test/exam. See the Ryerson University calendar or online version. Missed Test/Quizzes There is no makeup for Test 2. You must submit appropriate documentation to your course instructor within 3 working days of the test(s). If either your notification or your document is not received in time, your test mark will be zero. If your documentation is approved, the weight of the test will be added to the final exam. There is a makeup for the Test 1. If your documentation is approved, a makeup test will be scheduled by your course instructor. Please note that any MAKEUP test/exam may not follow the same format as the regular test. However the materials tested in the regular test remains the same in the makeup test. 4 TOPICS – TENTATIVE SEQUENCE & SCHEDULE: Week Topic Readings Suggested Activities & Assignments 1 Definition, Data Chapters 1,2 Answer questions in handouts and Types, and 3 questions in chapters 1 and 3 of the Measurement Scale, in the textbook. textbook. Stem-and-Leaf Plot Calculator lesson 1 on page 48 2 Stem-and-Leave Chapter 3 in the Answer questions in handouts and Plot, Graphing textbook questions in chapter 3 of the Techniques, textbook. Frequency Distribution, 3 Frequency Chapter 3 Answer questions in handouts and Distribution, OGIVE Calculator questions in chapter 3 of the and Percentile, lesson 2 on textbook. Measures of Central page 142 Tendency 4 Measures of Central Chapter 4 Answer questions in handouts and Tendency and Calculator questions in chapter 4 of the Measure of lesson 3 on textbook. Variability page 171 5 Which is a better Chapter 4 Answer questions in handouts and measure of central Calculator questions in chapter 4 of the tendency? lesson 4 on textbook. Measures of page 195 Skewness TEST 1 STUDY WEEK ( No class) October 8 to October 12. 6 Box-Whisker Plot Chapter 4 Answer questions in handouts and Basic Probability Calculator questions in chapter 4 of the Lesson 3 on textbook. page 197 7 Discrete Probability Chapters 5 and Answer questions in handouts and Binomial 6. Calculator
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