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ECRU 2140 Statistics I

Fall 2012
Department of Economics
Prof. Giacomo Santangelo
Office: Dealy E515
Email: gsantangelo1@fordham.edu
Required Text: Ronald M. Weirs, Introduction to Business Statistics, 2008-7th ed.
(ISBN-13: 978-0-538-45217-5)
Homework: Exercises will be assigned for each chapter to be discussed in class. The
exercises are going to be the key element for the exams. Students are expected to
complete the Self Test after each chapter. There will be random quizzes during the
semester which will come from the Multiple Choice section of the Self Test.
Computer Assignment: We will be using Excel for any computer assignment since it is
readily accessible on campus from either Mac or PC labs. There will be a graded
computer assignment prior to the midterm applying principles learned in class. Students
should turn in answers as both an Excel spreadsheet printout with all values labeled, and
a printout of the same spreadsheet with the formulas (Tools-Options-View-Formulas).
Computer work will also be required for selected exercises.
Grading: The final grade is based on the following:
Computer Assignment
25%
First Midterm
25%
Second Midterm
25%
Final Exam
25%
No make-up exams are given.
Any assignment turned in late will be penalized half a letter grade for each day late.
Chapter 1: Introduction
Section 1.1-1.3
A Preview of Business Statistics, pp. 2-8. Problems: 1.3-1.5
Section 1.4
Types of Variables and Scales of Measurement, pp. 8-10. Problems: 1.6-1.10
Section 1.5
Statistics in Business Decisions, pp. 11-12.
Chapter 2: Visual Description of Data
Section 2.1-2.2
The Frequency Distribution, pp. 16-22. Problems: 2.3, 2.7-2.9, and 2.11-2.16.
Section 2.4
Other Method Visual Representations of the Data, pp. 28-35. Problems: 2.30,
2.34.
Section 2.5
The Scatter Diagram, pp. 37-41. Problem: 2.41-2.43.
Computer Exercise Problems 2.17-2.18 (p. 24), 2.44 (p. 42). See Computer Solutions for directions.
Computer Solutions Replicate computer solutions 2.1, 2.5 and 2.7
Chapter 3: Statistical Description of Data
Section 3.1-3.2
Measures of Central Tendency, pp. 58-66. Problems: 3.1- 3.4 3.6, 3.7, 3.9.
Section 3.3
Measures of Dispersion, pp. 67-75. Problems: 3.19-3.22.
Section 3.4
Additional dispersion topics pp. 77-82. Problems: 3.28-3.32.
Section 3.5
Descriptive Statistics from grouped data, pp. 83-85. Problems: 3.39, 3.41.
Section 3.6
Statistical Methods of Association pp. 86-89. Problems: 3.42-3.43.
Computer Exercise Problems 3.12-3.13 (p. 67), 3.25 (pg 76), 3.36 (pg 83), 3.45 (pg 89). See
Computer Solutions for directions.
Computer Solutions Replicate computer solutions 3.1-3.5.

Chapter 4: Data Collection and Sampling Methods


Section 4.1-4.5
Research Basics, pp. 102-117.
Section 4.6-4.7
The Basics of Sampling, pp. 117-126. Problems: 4.32-4.37, 4.35, 4.42.
Computer Exercise Problems 4.47, 4.49 (p. 127). See Computer Solutions for directions.
Computer Solutions Replicate computer solutions 4.1
MIDTERM EXAM: Thursday 27nd, September , 2012
Chapter 5: Probability: Review of Basic Concepts
Section 5.1-5.2
Terms and Approaches, pp. 134-139 Problems: 5.1, 5.3 5.4, 5.6-5.7.
Section 5.3
Union and Intersection of Events, pp. 140-142. Problems: 5.12-5.15, 5.19.
Section 5.4
Addition Rules for Probability, pp. 143-144. Problems: 5.21-5.29.
Section 5.5
Multiplication Rules for Probability, pp. 146-149. Problems: 5.30-5.40.
Section 5.6
Bayes Theorem and the revision of Probabilities, pp. 150-155. Problems: 5.455.49.
Section 5.7
Counting Rules, pp.156-159. Problems: 5.50-5.59.
Chapter 6: Discrete Probability Distributions
Section 6.1
Introduction, pp. 168-173. Problems: 6.1-6.7, 6.14-6.15.
Section 6.2
The Binomial Distribution, pp. 175-181. Problems: 6.16-6.24, 6.26-6.27, 6.30,
6.32.
Section 6.3
The Hypergeometric Distribution, pp. 183-186. Problems: 6.34-6.38.
Section 6.4
The Poisson distribution, pp187-193. Problems: 6.39-6.41, 6.48-6.49.
Section 6.5
Simulating observations, pp 194-198.
Computer Exercise Problems 6.52, 6.53 (pp. 198). See Computer Solutions 6.4 for directions.
Computer Solutions Replicate computer solutions 6.1- 6.4.
Chapter 7: Continuous Probability Distributions
Section 7.1
Introduction, pp. 206-207.
Section 7.2
The Normal Distribution, pp. 208-211. Problems: 7.5-7.15.
Section 7.3
The Standard Normal Distribution, pp. 212-223. Problems: 7.16-7.38.
Section 7.4
The Normal Approx. to the Binomial Distribution, pp. 223-226. Problems: 7.397.48.
Section 7.5
The exponential distribution, pp 228-232. Problems: 7.49-7.58.
Section 7.6
Simulating observations, pp 233-235. Problems: 7.62
Computer Solutions Replicate computer solutions 7.1-7.5.
MIDTERM EXAM: Monday 29thst, October 2012
Chapter 8: Sampling Distributions
Section 8.1-8.2
Previews of Sampling Distributions, pp. 244-247. Problems: 8.1-8.2, 8.4-8.5
Section 8.3
Sampling Distribution of the Mean, pp. 248-253. Problems: 8.7-8.20.
Section 8.4
The Sampling Distribution of the Proportion, pp. 254-256. Problems: 8.21-8.30
Section 8.5
Sampling Distributions when the Population Is Finite, pp. 257-259. Problems:
8.33-8.37.
Section 8.6
Computer simulation, pp 259-262.
Computer Exercise Exercise 8.38-8.41, (pp. 261). See Section 8.6 for directions
Computer Solutions Replicate computer solutions 8.1
Chapter 9: Estimation from Sample Data
Section 9.1-9.3
Introductory sections, pp. 271-276. Problems: 9.1-9.3, 9.4-9.8, 9.9-9.11.
Section 9.4
Interval Estimates for the Mean: known, pp. 276-280. Problems: 9.12-9.18.
Section 9.5
Interval Estimates for the Mean: unknown, pp. 281-287. Problems: 9.24-9.32.

Section 9.6
Section 9.7
Section 9.8

Interval Estimates for the Population Proportion, pp. 288-292. Problems: 9.429.47.
Sample Size Determination, pp. 293-298. Problems: 9.58-9.63.
When the population is Finite, pp. 298-302.Problems: 9.68-9.75.

Chapter 10: Hypothesis Testing


Section 10.1-10.2
Introductory sections, pp. 311-319 Problems: TBA
Section 10.3
-328. Problems: TBA
Section 10.4
Confidence Intervals and Hypothesis Testing p. 329. Problems: TBA
Section 10.5
Testing a Mean: unknown, pp. 330-337. Problems: TBA
Section 10.6
Testing a Proportion, pp. 338-345. Problems: TBA