1 BUS 215.02 – Introduction to Business Statistics; Fall 2017 Mondays and Wednesdays: 2:30 PM – 3:50 PM; Harriman Hall Room 111 Professor Thomas R. Sexton; Office: Harriman Hall Room 317 E-Mail: [email protected]; Telephone: (631) 632-7181 Office Hours: Mondays and Wednesdays 11:30 AM – 12:30 PM Course Description The application of current statistical methods to problems in the modern business environment. Topics include probability, random variables, sampling techniques, confidence intervals, hypothesis testing, and regression. Students analyze real data sets using standard statistical software, interpret the output, and write extensively about the results. Prerequisite: BUS Maj/Min, CME Major, or ISE Major. Advisory Prerequisites: BUS 110, 111, 112, 115, and MAT 122 or higher. BUS or ISE Major: BUS 210 Goals of the Course In your career, you will often face situations in which a clear understanding of statistical thinking and decision-making methodology will be essential. I have designed the course to: 1. Introduce the basic concepts and methods of statistics and decision making, 2. Demonstrate the applications of statistics and analytical decision making in business, 3. Enable you to perform statistical and decision analyses using appropriate software, and 4. Help you to become a wise consumer of statistical and decision analyses performed by others. Why Business Students Need Business Statistics Let’s say that you’re interested in finance. Then you know that investment strategy is all about return and risk. How will a portfolio fare in an uncertain world? Why do well-informed investors include funds that perform well in certain circumstances and others that perform poorly under the same circumstances? How can you measure the volatility of a stock relative to the market? If you understand uncertainty, expected value, variance, regression analysis, and correlation, then you have a strong competitive advantage over those who do not. Let’s say that you’re interested in marketing. Then you know that successful marketers have a good understanding of the markets they target. How do they obtain such knowledge? How do marketers design surveys and other data collection devices that will give them a clear and unbiased look at their markets? What traps must they avoid so as not to make serious mistakes? How many people must they survey, and how must they select those people, to obtain the precision that they need without incurring
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BUS 215.02 – Introduction to Business Statistics; Fall 2017 · BUS 215.02 – Introduction to Business Statistics; Fall 2017 Mondays and Wednesdays: 2:30 PM – 3:50 PM; Harriman
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BUS 215.02 – Introduction to Business Statistics; Fall 2017
Mondays and Wednesdays: 2:30 PM – 3:50 PM; Harriman Hall Room 111
Professor Thomas R. Sexton; Office: Harriman Hall Room 317
Academic Integrity: Each student must pursue his or her academic goals honestly and be personally
accountable for all submitted work. Representing another person's work as your own is always wrong.
Any suspected instance of academic dishonesty will be reported to the Academic Judiciary. For more
comprehensive information on academic integrity, including categories of academic dishonesty, please
refer to the academic judiciary website at WWW.STONYBROOK.EDU/ACADEMICINTEGRITY.
Critical Incident Management: Stony Brook University expects students to respect the rights, privileges,
and property of other people. Faculty are required to report to the Office of Judicial Affairs any
disruptive behavior that interrupts their ability to teach, compromises the safety of the learning
environment, or inhibits students' ability to learn. Faculty in the HSC Schools and the School of Medicine
are required to follow their school-specific procedures.
The College of Business Statement Regarding Academic Dishonesty The College of Business regards any act of academic dishonesty as a major violation punishable by
severe penalties, including dismissal from the University. University policy requires that instructors and
GAs report all suspected cases of academic dishonesty to the appropriate Academic Judiciary
Committee, which is empowered to take strong action against violators, including expulsion from the
University. Please note that there is a link to the Academic Judiciary web site on the Blackboard home
page.
Under no circumstances will the College of Business permit cheating of any kind. Many activities
constitute academic dishonesty. The following list is not inclusive, only suggestive:
On Examinations: ▪ Referring in any way to the examination paper of another student.
▪ Use of materials (notes, books, etc.) not explicitly permitted by the instructor.
▪ The exchange of any information concerning the examination with any other person after the
examination has begun.
On Papers: ▪ The submission in whole or part of the work of another person as if it were your own.
▪ The citation of the work of others without proper reference and credit.
If you have any questions about the honesty of an action, please consult with any faculty member for
clarification. We will not construe such consultation as evidence that you have committed any violation
or are even contemplating it. We will not accept failure to understand the rules as an excuse.
If you are considering any act of academic dishonesty, the College of Business advises you in the
strongest possible terms to abstain. The consequences associated with academic dishonesty are
substantial enough literally to ruin your career. DON’T DO IT.