Statistics

Course Code:

STAT 410

Course Period:

Spring

Course Type:

Core

Credits:

3

Theoric:

3

Practice:

0

Laboratory Hour:

0

ECTS:

5

Course Objectives:

The objective of the course is to help students gain knowledge about statistics including data collection and describing data using graphs and numerical measures for making decisions in business life.

Course Content:

Data collection tools, data types, graphs, numerical measures, probability and probability distributions, discrete and continuous probability distributions, sampling distributions, SPSS demonstrations.

Course Methodology:

1: Lecture, 2: Question-Answer

Course Evaluation Methods:

A: Testing

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Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
The student learns about data collection tools and data types.	1	1,2	A
The student learns how to use graphs and numerical measures to learn about the data.	8,9	1,2	A
The student learns techniques for decision making.	2	1,2	A
The student learns how to evaluate data and make informed business decisions.	8,9	1,2	A
The student develops statistical thinking to assess the credibility and value of inferences made from data.	8,9	1,2	A
The student gets some experience in using the statistics software package called SPSS.	8,9	1,2	-

Course Flow

Week	Topics	Study Materials
1	THE WHERE, WHY AND HOW OF DATA COLLECTION
2	GRAPHS, CHARTS, AND TABLES – DESCRIBING DATA
3	DESCRIBING DATA USING NUMERICAL MEASURES
4	DESCRIBING DATA USING NUMERICAL MEASURES
5	USING PROBABILITY AND PROBABILITY DISTRIBUTIONS
6	USING PROBABILITY AND PROBABILITY DISTRIBUTIONS
7	MIDTERM EXAM
8	DISCRETE PROBABILITY DISTRIBUTIONS
9	DISCRETE PROBABILITY DISTRIBUTIONS
10	CONTINUOUS PROBABILITY DISTRIBUTIONS
11	CONTINUOUS PROBABILITY DISTRIBUTIONS
12	INTRODUCTION TO SAMPLING DISTRIBUTIONS
13	INTRODUCTION TO SAMPLING DISTRIBUTIONS
14	SPSS DEMONSTRATIONS
15	SPSS DEMONSTRATIONS
16	FINAL EXAM

Recommended Sources

Textbook	GROEBNER, SHANNON, FRY, AND SMITH, BUSINESS STATISTICS: A DECISION-MAKING APPROACH, 8TH EDITION, 2010, PRENTICE HALL.
Additional Resources

Material Sharing

Documents	Slides used during lectures
Exams

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	100
Total		100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		60
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		40
Total		100

Course’s Contribution to Program

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	1	2	3	4	5
1	Students should demonstrate their knowledge of the essential body of knowledge in business management (functions of management: organization theory: policy and strategy: information, technology and operations management; human capital management; accounting; finance; marketing; economics; and an integrated perspective).	X
2	Students should demonstrate their ability to construct strategy, make organizational decisions and define the required processes to execute these decisions by utilizing the concept and knowledge in business management and by considering cultural and ethical values.		X
3	Students should demonstrate the ability to understand the dynamics of global business environment; follow the changes and improvements and understanding the importance of flexibility and creativity in the changing global business world	X
4	Students should demonstrate their comprehension of basic economics, law and social sciences which shape the global business environment and their ability to make decisions via these knowledge.	X
5	Students should demonstrate their ability to communicate effectively and work in harmony with members from different disciplines.			X
6	Students should be able to effectively communicate in writing or orally in global business environment.		X
7	Students should be able to appreciate and recognize contributions of individuals from diverse cultures, and should be able to effectively communicate, positively contribute and work as a team member.	X
8	Students should be able to use common information and communication technologies employed in business management.			X
9	Students should be able to define problems related with business processes, gather data, choose the required methods to analyze the data, evaluate the results and identify the necessary practices and communicate their ideas effectively.					X
10	Students should be able to demonstrate their ability to make contributions in business team or project groups, take responsibility and take the leadership role.	X
11	Students should demonstrate their understanding of business ethics and social responsibility concepts and motivation to take active role in these subjects.	X
12	Students should have required English proficiency to follow the current events and improvements in their professional area and to communicate their ideas in international business arena.	X
13	Students should understand the importance of lifelong learning to maintain personal and professional development.					X
14	Students should demonstrate that they have the discipline and responsibility to conduct an independent study, project, research.	X

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	12	12
Final examination	1	12	12
Total Work Load			120
Total Work Load / 25 (h)			4,8
ECTS Credit of the Course			5

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