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									                                Course Syllabus: C22.0103.005
           Statistics for Business Control and Regression and Forecasting Models
                                       Fall Term 2005

Professor Richard P. Brief
Office: 8-60 Management Education Center (MEC)
Phone: 212-998-0488

Office Hours: MW 9:45-10:45. T 10:45-11:45. I will be glad to meet with you at other times.
The best way to do this is to send email asking to meet with me at specific time and I will

Teaching Assistant: Joe Ryan
Office Hours: to be arranged

Course Objective

Course emphasizes the use of statistical concepts to analyze data and to make more informed
judgments and decisions. Basic concepts are applied to accounting, finance, management,
marketing and other fields. The use of statistical reasoning and data analysis to communicate
economic, political and social strategies also is discussed. A powerful but relatively easy-to-use
software package will be used to solve problems.

Mathematics is needed to explain statistical concepts. The mathematical prerequisite for this
course is V63.0017 or V63.0121 In addition, C20.0001 also is a prerequisite.

Course Format

The course has three lecture meetings each week. The lectures are 75 minutes on Monday,
Wednesday and Thursday.

Notes will be handed out and serve as the basis for the lectures. The notes will cover concepts
and exercises taken from text and other materials. Computer applications will be demonstrated
in class.


The TA for the course will hold office hours (to be announced) for tutoring and conduct review

Two midterm exams are scheduled. There will be no make-up midterm exams.

All exams are in the regular classroom. Exams are closed-book, but notes will be permitted. The
details will be announced in class.


Homework assignments must be handed in on the due date. In general, late papers will not be
graded. Students who cannot submit homework on time because of illness or must notify me by

The first part of a homework assignment will contain several problems. Each problem should be
completed on a separate page. Other exercises, where the solutions are given in the Student's
Solution Manual, also are assigned. You should compare your answers to those in the Manual
and make corrections, but do not simply copy the solutions.

Please staple pages together and do not use paper taken from spiral notebooks. Use
standard 8 1/2 x 11 inch paper.

If you need help with the assignments (including the use of the computer), contact me or the TA
in person, by telephone or by email.

Group Project

A group project using regression analysis involving group presentations will be assigned. As part
of the preparation of the project, groups are scheduled to meet with the instructor. This project
will constitute the course enhancement.


We follow the Honor Council policy statement on plagiarism.


Midterm Exams                        45%
Final Exam                           35%
Homework                             10%
Group Projects                       10%

Lateness and Attendance Policies

Keep lateness and absences to a minimum. Both can be disruptive for you and the class as well.

Text and Software

James T. McClave, P. George Benson and Terry Sincich, Statistics for Business and Economics,
9th ed., (Prentice-Hall 2001). Packaged with statistical software, Minitab for Windows Required.

Nancy S. Boudreau, Student Solutions Manual for Statistics for Business and Economics.

Data Sets

Data sets for the text, McClave et al can be found at the following address:


Notes for C22.0103: Statistics for Business Control and Regression and Forecasting Models.

Calendar: Reading Assignments and Examinations

The reading material in the text relating using the TI-83 calculator, SPSS and Excel for statistical
calculations is not required reading. The software package used in this course is Minitab.

September 7, 8 and 12

Basic Ideas
Data Analysis I: Tables and Graphs

MBS, Chapter 1 (omit section 1.4). Chapter 2, Sectons 2.1, 2.2, 2.8 (pp. 99-104), 2.9, 2.10.

September 14, 15, 19 and 21

Data Analysis II: Descriptive Statistics

MBS, Chapter 2, Sections 2.3-2.8 (pp. 104-106) and 2.11.
September 22, 26 and 28

Probability: Basic Concepts and Definitions

MBS, Chapter 3 (omit Section 3.7).

September 29; October 3, 5 and 6

Random Variables and Probability Distributions

MBS, Chapter 4, Sections 4.1, 4.2, 4.3 and 4.4

**October 12**

First Midterm Examination

October 13, 17 and 19

Normal Probability Distribution

MBS, Chapter 5, Sections 5.1-5.5.

October 20, 24 and 26

Sampling Distributions and Random Sampling

MBS, Chapter 6
October 27 and 31; November 2 and 3


MBS, Chapter 7 and Chapter 3, Section 3.7

November 7, 9, 10 and 14

Hypothesis Testing

MBS, Chapter 8, Sections 8.1-8.5

**November 16**

Second Midterm Examination

November 17, 21, 23, 28 and 30

Simple Linear Regression

MBS, Chapter 12

December 1, 5, 7, 8 and 12

Multiple Linear Regression

MBS, Chapter 13. Omit Sections 13.10-13.11. Some of the material in the omitted sections is
covered in the Notes.

December 13 and 14

Regression Projects

**December 19, 10am-11:50am**

Final Examination


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