Fall 2021

School of Business and Economics

Department of Management
BUS 173: Applied Statistics
Sections 1&3

Instructor and Department Information

Abul H. Azam (AHAz), Ph.D.

Department of Management
NAC 874

My Teaching Philosophy
“The teacher who is indeed wise does not bid you to enter the house of his wisdom but rather
leads you to the threshold of your mind.” – Khalil Gibran

Class Time:
Section 2 11:20 AM – 12:50 PM
Section 3 02:40 PM – 04:10 PM

Office Hours:
Monday-Wednesday: 9:00 AM – 11:00 AM
Sunday – Tuesday: 9:00 AM – 11:00 AM
Other hours: By appointment
Since we cannot meet for in-class consultation, I suggest contact me whenever you need my help and
set-up a time for online consultation. Also, I am available for additional problem solving sessions.

Learning Resource

(1) Prem S. Mann (PSM) Introductory Statistics, 8e

(2) Newbold P, Carlson WL, and Thorne B (NCT) Statistics for Business and Economics

Course Rationale
Applied statistical methods -- an integral part of research methodology -- is essential for success in many
business and economics courses, and for some major fields in business and economics curriculum
applied statistics is a required course. Besides, to be a responsible actor in a market economy, one must
possess statistical skills to use data for business decisions.

Course Description

The course focuses on inferential statistics. It begins with linear statistical model, and develops methods
of estimation and hypothesis testing. Topics include contingency tables, goodness of fit, single and
multiple regression, correlation, Bayesian decision theory, time series analysis, and index number.
Computer application is a compulsory component of the course. Cross-listed as ECO 173 and ENV 173.
Prerequisite: BUS 172. 3 credits.

Course Learning Objectives (CLO)

The course contents are designed to give students a clear idea about:

 Formulating a hypothesis related to goodness of fit, parametric and non-parametric tests

 Developing correlation and regression models, test their accuracy, and interpret them for use in
real-life scenarios.
 Making predictions based on forecasts through time series analysis and seasonal forecasting.
 Using statistical packages to carry out multiple regression and time series analysis.

Student Learning Outcomes (SLO)

Upon the successful completion of this course, a student will be able to:

1. Define null and alternative hypotheses for parametric and nonparametric tests.

2. Test a hypothesis and derive a conclusion/ make a decision.

3. Develop basic linear regression models, and test their reliability and accuracy.

4. Forecast using time series analysis.

5. Use basic statistics software packages to carry out the above tasks.

Note: Students will demonstrate the above learning outcomes through one or more of the
following: assignment, quiz, midterm exams, and final exam.

Equipments and Aids

Bring calculator, and study material with you during the lecture session. You will not be allowed to
share when the class is in session.

Assessment

Instrument of assessment Contribution to the final grade

Quiz 20
Mid-term – I 20
Mid-term II 25
Final 30
Attendance 5
Total 100

Conversion to the letter grade and grade point equivalency

Numerical Scores Letter Grades Grade Points

93 & above A 4.0
90-92 A- 3.7
87-89 B+ 3.3
83-86 B 3.0
80-82 B- 2.7
77-79 C+ 2.3
73-76 C 2.0
70-72 C- 1.7
67-69 D+ 1.3
60-66 D 1.0
Below 60 F 0

General Rules
 You are expected to come to lecture sessions on time. Late entries will be not count as ‘present’
for purposes of reward points for attendance and participation.
 No make-up for missed exams will be administered unless it meets the eligibility criterion set
forth in the NSU student handbook.
 Lowest quiz grade will be dropped.
 Any unfair means adopted in the assignments will be seriously dealt with.
 Similarity with another student’s answer will be reported and dealt with according to the NSU
rules of conduct.

Tentative Lecture Schedule

Lecture Topics CLO Reference Activities

1 Introduction
 2 Review of Sampling distribution and 1 PSM-Ch 7, 9
introduction to test of hypothesis
3 Hypothesis test about mean and 2,3 PSM-Ch 9 HW: 9.43
proportion: Single Population
P412: 9.1,9.2; P423: 9.18,9.34,9.40
4 Hypothesis test about mean and 2,3 PSM Ch 9 HW: P436: 9.65
proportion: Single Population
P434: 9.47,9.51,9.61; P444:9.74;
P945: 9.89,9.91
5 Hypothesis test about mean and 1,2 PSM- Ch 10 HW PSM
proportion: Two Populations P469:10.10
P469: 10.1, 10.2; P469: 10.9 10.11
6 Hypothesis test about mean and 2,3 PSM-Ch 10 HW PSM
proportion: Two Populations P479: 10.29
P469: 10.1, 10.2; P469: 10.9 10.11
Hypothesis test about mean and 2,3 PSM-Ch 10
proportion: Two Populations
P494:10.47, 10.53 P504:10.58,
10.59, 10.69, 10.71
7-8 Chi-Square Tests: Goodness of Fit 1,2,3 PSM-Ch 11 HW PSM
Test of Independence P545: 11.37
Test of Homogeneity
P524: 11.1; P531:11-18,11.19,P532:
11.17,11.19,11.22; P543:
11.23,11.30,11.32
Mid-Assignment I
9 Chi-Square Test: Inference about the 2,3 PSM-Ch 11 HW PSM
Population Variance
P552: 11.47, 11.49

10-11 Analysis of Variance 1,2, NCT- Ch 17 HW NCT

P645 - : 17.1, 17.4, 17.6 3 P646: 17.7

12-14 Non Parametric Tests 1,2,3 PSM-Ch 15 HW

P643: 15.12, 15.22 TBA
P650: 15.28,15.33, 15.35
P658: 15.39, 15.43
Mid-Assignment II
15-17 Simple Regression 1,2 PSM-Ch 13 HW PSM
P604:13.2-13.14, 13.21, 13.25; P 645:15
P613: 13.39; P619: 13.53;
P625:13.73,13.81
Review Section 13.5 Regression
Analysis: A Complete Example.
18,19 Multiple Regression 2,3 PMS- Ch 14 HW
P625: 14.1 – 14.5, 14.7 TBA
20,21 Time Series Analysis- Index Numbers 1,2,3 NCT-Ch 19 HW
 P720: 19.5 TBA
22,23 Time Series Analysis- Components of 2,3
Time series

24 Review for Final Assignment

Final Assignment

N.B. This is only a tentative schedule. I may make changes to the topic and schedule if there is a need
for it.