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Mat102 - Statistics For Business - s1-2022-2023
Mat102 - Statistics For Business - s1-2022-2023
Mat102 - Statistics For Business - s1-2022-2023
Unit Guide
TRIMESTER 1 2022-2023
MAT102 - STATISTICS FOR BUSINESS
TRIMESTER 3 2021
CONTACTS
Tran Minh Hoang
Unit Instructor hoang.tran@isb.edu.vn
An Nguyen
Program Administrator 17 Pham Ngoc Thach Street, District 3, HCM City
Phone: 08 54465555 (Ex:124) Email: an.nguyen@isb.edu.vn
UNIT OVERVIEW
This unit provides an introduction to statistics concepts and techniques for analyzing economic and
business problems. The unit will focus on practical business applications of statistical theory and
methods. Topics covered include exploratory data analysis, probability, statistical distributions,
sampling and sampling distributions, confidence intervals, hypothesis testing, and regression.
Students will be exposed to these topics and how each applies to the business environment. The unit
is aimed to develop students’ quantitative reasoning skills and ability to solve statistical problems
using both manual computations and statistical software.
PRE-REQUISITES
None
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Assessment Information
UNIT LEARNING OUTCOMES
The table below outlines the unit learning outcomes (ULOs) for this unit. Upon completion of this
unit, students will be able to:
Visualize and statistically describe data, including discussion of tables, charts and basic measures of
1.
central tendency and variability.
Understand common probability distributions, particularly the Normal distribution, and how to
2.
calculate and interpret the mean, variance, and standard deviation of a distribution.
3. Understand sampling distributions, biased and unbiased estimates, and the Central Limit Theorem.
Calculate and interpret confidence intervals for population means and determine the appropriate
4.
sample size to obtain a confidence interval.
5. Understand the principles of hypothesis testing and hypothesis testing to test a mean or variance.
8. Perform statistical analysis operations using statistics software like Mega Stat, Minitab and SPSS.
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appropriate solutions.
ASSESSMENT SUMMARY
VALUE
ASSESSMENT ITEM DUE DATE LEARNING OUTCOMES
(%)
Class attendance and participation
1. 10% ULO1-8
(Individual)
7 days after ULO1-8
2. Homework (individual) completion of 5%
each session
Group presentation (Group and ULO1-8
3. 15%
Individual)
4. Mid-term exam (individual) Session 7 20% ULO1-3
6. Final exam (individual) TBA 50% ULO1-7
Final marks and grades are subject to confirmation by the School Assessment Committees which
may scale, modify or otherwise amend the marks and grades for the unit, as may be required by
university policies. Group presentation (Group and Individual)
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Length: On average, for each session a student needs about 90 minutes for homework
assignments.
Details
The objective of this form of assessment is encourage students maintain their learning
from the outset rather than delay learning until major assessment events. This also
provides students with fast, regular feedback on their understanding of the covered topics.
For each session you are required to some homework problems. Each assignment contains
some essay questions. Make sure your submission includes a MS word file which contains
solution arguments, together with the data outputs from statistical software like Minitab.
Details
The mid-session exam will be held in Session 7. It is an open-book exam. The goal of this
assessment is to give students feedback on how well they demonstrate an understanding of
the topics covered from session 1 to 6. The mid-term exam will contain 50 multiple choice
questions, each question has four choices and only one of them is the correct answer. You
may select one and only one answer for each question. You will have 90 minutes to
complete the mid-term exam.
Marking criteria and standards
Correctness is the primary criterion for this assessment. The number of correct answers is
converted to the 10-scale by the following formula:
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The logic behind this is that by randomly selecting an answer, your likelihood of selecting
the correct one is about 25% (1 correct answer in 4 available choices). Thus certain
deduction is needed to truly reflect your performance.
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exception may be granted at the discretion of the unit coordinator and based on a Special
Consideration Application for assessment task extension.
All quizzes, the mid-term test, and final exam must be taken on the assigned dates. If there
are extenuating or unforeseen circumstances, the unit coordinator must be contacted prior to
the quiz or exam dates to authorize a make-up if required. No make-up quiz or exam will be
accepted unless a prior approval granted by the unit coordinator based on a Special
Consideration Application for a supplementary examination.
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Teaching Activities
LEARNING RESOURCES
Textbook Doane, D. P. & Seward, L. E. (2016). Applied Statistics in Business and Economics (5th ed.).
McGraw Hill International Edition.
Reference Berenson, M. L., David M. L., & Timothy, C. K. (2014). Basic Business Statistics (9th ed.).
Prentice-Hall.
Reading Additional reading materials could be handed out in the class.
E-learning http://elearning.isb.edu.vn/
SCHEDULE OF ACTIVITIES
READINGS &
Session PROGRAM SCHEDULE
ACTIVITIES
Topic1: Overview of Statistics
Introduction to statistics
Why study statistics
Statistical Challenges
Doane & Seward
Topic 2: Data Collection (2016), chapter 1 &
1 2
Level of Measurement
Time series versus Cross-sectional data
Sampling concepts
Sampling methods
Data Sources and Survey
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READINGS &
Session PROGRAM SCHEDULE
ACTIVITIES
Standardized data
Percentiles, Quartiles, and Box Plots (students bring
Correlation and Covariance their own laptop)
Grouped data
Skewness and Kurtosis
Tutorial and exercise (chapter 3)
Topic 5: Probability
Random experiments and probability
Rules of probability: Marginal, union, join and
conditional probabilities Doane & Seward
Independent events (2016), chapter 5
4 Addition and multiplication laws
Contingency tables
Tree diagrams
Bayes’ Theorem
Counting Rules
Tutorials and exercise (chapter 4)
Topic 6: Discrete Probability Distributions
Doane & Seward
Discrete distributions vs. continuous distributions (2016), chapter 6
Expected value, variance and standard deviation of a
discrete distributions
Uniform distributions
5 Bernoulli distributions
Binomial distributions
Poisson distributions
Hypergeometric distribution
Geometric distribution
Tutorials and exercise (chapter 5)
Topic 7: Continuous Probability Distributions
Uniform continuous distribution Doane & Seward
Normal distribution (2016), chapter 7
6 Standard normal distribution
Normal Approximations
Exponential distributions
Tutorials and exercise (chapter 6)
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READINGS &
Session PROGRAM SCHEDULE
ACTIVITIES
Topic 8: Sampling Distributions and Estimation
Doane & Seward
Sampling variation
(2016), chapter 8
Estimators and sampling distributions
Sample mean and the central limit theorem
Confidence interval for a mean (µ) with known
9 population variance () and with unknown
Confidence interval for a proportion (π)
Sample size determination for a mean and for a
proportion
Confidence interval for a population variance, 2
Feedback from mid-term
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READINGS &
Session PROGRAM SCHEDULE
ACTIVITIES
(2016), chapter 2-
12. Excel and
Megastat.
15 Reservation
Tutorial
Tutorials following the lecture in each session provide students the opportunity to apply and share
knowledge by doing a variety of in-class activities individually or in group such as exercises,
discussion, and presentation. These activities focus on demonstrating your skills and help you build
your ability to achieve the learning outcomes for this unit.
Tutorial questions/exercises will be provided in class. You will be expected to have completed
specific reading and exercises from the textbook and other required materials prior to attending each
lecture and tutorial class. If you have not prepared adequately, you will not get the full benefit from
this learning opportunity.
Student assignments are to contain original content created by the students. Assignments will be
rejected if they include plagiarized content or contain excessive amounts of quoted/cited material
and minimal original content. Students will receive a grade of ZERO (0%) for any assignments
rejected for this reason. Written assignments WILL BE checked by the lecturer with Turnitin.com,
an online plagiarism-checking tool.
Sources
Furthermore, your reference to support your statements must be from a reliable source, such as
textbooks, additional reading materials, and reference books. However, many websites are not
reliable sources. Examples are Wikipedia.org, about.com, and ask.com. If you are not sure if a
reference is acceptable or not, please contact the lecturer.
Referencing & Citation
The Publication Manual of the American Psychological Association (APA) 6th ed., will serve as
the primary reference materials for all students. Therefore, all papers must be submitted in APA
format. The mechanics of student papers and work will be evaluated, as well as the content.
Submission
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Submission style
Submission method
Soft copy: submitted electronically via E-learning system by 11:55 PM on the due date (Suggested
title: Student name_Unitname_Name of Assignment).
Hard copy: submitted to ISB Submission Box at the Reception Area (17 Pham Ngoc Thach) by the
due date.
Attendance
Students are required to attend a minimum of 80% of all classes (which normally 12/15 sessions).
Other cases equating to an absence:
Arriving to class late by 15 minutes at the beginning,
Arriving late by 5 minutes after the break
Leaving prior to the scheduled end time without the permission of the lecturer
If you are unable to attend any session, please let your lecturer know AND submit a request for
absence form to program administrator prior to the session.
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IMPORTANT: Students will not be allowed to sit in the final examination if violating the
above absence rule.
IMPORTANT: If you are in violation of these policies you will be excused from class and an
absence will be assessed.
Email etiquette
Your lecturers receive many emails each day. In order to enable them to respond to your emails
appropriately and in a timely fashion, students are asked to follow basic requirements of professional
communication.
Your emails should:
Have a concise and descriptive title, including the class and name of the unit you are
enquiring about
Be clear about the intention of their emails
Use appropriate tone and language, proof-read what is written in the email before sending it.
Students should also allow 3-4 working days for a response before following up. If the matter is
legitimately urgent, you may indicate “URGENT” in the email subject header.
Make an appointment: If your email request is complex and requires a lengthy response it may be
probably best to make an appointment with your lecturer/instructor to meet in person.
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activity is submitted or performed by a person other than the student under whose name the
work is submitted or performed
Plagiarising
IMPORTANT:
First violation will result in a grade ZERO (0%) for that assignment.
Second violation will result in a failing course grade.
Additional information
This unit guide may be revised at the discretion of the Academic Department with approval from
Program Academic Director and School Academic Committee where appropriate.
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