THE UNIVERSITY OF THE WEST INDIES

DEPARTMENT OF MANAGEMENT STUDIES

ST. AUGUSTINE
COURSE OUTLINE 2009/2010

MGMT 6002 Managerial Statistics

Lecturer: Surendra Arjoon

Address: Department of Management Studies, Room 215
Phone: 662-2002, ext. 2302 or 2105
Email: Surendra.Arjoon@sta.uwi.edu
Office Hours: Tuesdays & Thursdays 7:30am-9:00am (or by appointment)

Course Objectives
The objective of the course is to assist practicing and future managers in planning, executing, and
evaluating their business. Upon course completion, the student will be able to:
• Understand how to apply statistical analysis to business applications.
• Understand the role of statistics in evaluating managerial models.
• Ask the "right" questions.
• Identify the most important parts of statistical output.
• Be able to explain output in managerial terms.
• See the relevance of statistics and apply the learning to career practice and to other
management courses.
• Solve the problem using the computer and interpret the results in light of the specific
application.
• Assess data analysis and results with healthy skepticism and seek expert help when
needed.
• Recognize when better data and information are needed for decision-making.

Course Description
This course surveys the statistical and mathematical methods that aid managers and administrators
in decision making. The primary emphasis is to prepare you to become intelligent users of these
techniques. Particularly important is understanding the assumptions and limitations of the
techniques and how these might be used outside the classroom environment. This course is designed
to provide students with a conceptual and applied competence in the field of statistics and its many
applications. The course will provide students with a good preparation for the study of more
advanced statistical material.

Course Evaluation
The course will be assessed as follows:
In-Class Evaluations 40%
Final Examination 60%
Total 100%

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There will be 5 evaluations (multiple choice) each worth 8%:
Evaluation #1: Chapters 1, 2, 3
Evaluation #2: Chapters 4, 6
Evaluation #3: Chapters 7, 8, 9
Evaluation #4: Chapters 12, 13
Evaluation #5: Chapters 14, 15

Required Text
Business Statistics: A Decision-Making Approach, 7th edition, D.Groebner, P. Shannon, P. Fry and
K. Smith, Pearson Prentice Hall, 2008.

Recommended Text
A Guide to Understanding Statistics, Surendra Arjoon, UWI Institute of Business, 1999.

Schedule of Topics and Exercises

1 The Where, Why, and How of Data Collection
1-1 The Nature of Business Statistics
Ex: 1.1, 1.7-1.9, 1.11, 1.12
1-2 Tools for Collecting Data
Ex: 1.17-1.23
1-3 Populations Samples and Sampling Techniques
Ex: 1.32-1.40-1.44
1-4 Data Types and Data Measurement Levels
Ex: 1.49-1.55

2 Graphs, Charts, and Tables

2.1 Frequency Distributions and Histograms
Ex: 2.1-2.3, 2.5. 2.7, 2.11
2.2 Bar Charts, Pie Charts, and Stem and Leaf Diagrams
Ex: 2.24, 2.25
2.3 Line Charts and Scatter Diagrams
Ex: 2.47

3 Describing Data using Numerical Measures

3-1 Measures of Center and Location
Ex: 3.1-3.3, 3.8
3.2 Measures of Variation
Ex: 3.25, 3.30
3-3 Using the Mean and Standard Deviation together
Ex: 3.47-3.51

4 Using Probability and Probability Distributions

4.1 The Basics of Probability
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 Ex: 4.1-4.13
4.2 The Rules of Probability
Ex: 4.26-4.37

Continuous Probability Distributions

5 6-1 The Normal Probability Distribution
Ex: 6.1-6.7, 6-14-6.17

6 Introduction to Sampling Distributions

7.1 Sampling Error: What it is and Why it happens
Ex: 7.1, 7.8
7.2 Sampling Distribution of the Mean
Ex: 7.22-7.31
7-3 Sampling Distribution of a Proportion
Ex: 7.45-7.50, 7.54, 7.55

7 Estimating Population Values

8-1 Point and Confidence Interval Estimates for a Population Mean
Ex: 8.1-8.7, 8.12-8.13
8-2 Determining the Required Sample Size for Estimating a Population Mean
Ex: 8.27-8.31, 8.35, 8.36

8 Introduction to Hypothesis Testing

9.1 Hypothesis Tests for Means
Ex: 9.1-9.7, 9-11, 9.12
9.2 Type II Errors
Ex: 9.46-9.51, 9.57

9 Analysis of Variance
12.1 One Way Analysis of Variance
Ex: 12.1, 12.2, 12.4, 12.5, 12.8

10 Goodness-of-Fit Tests and Contingency Analysis

13.1Introduction to Goodness-of-Fit Tests
Ex: 13.4
13.6 Introduction to Contingency Analysis
Ex: 13.16-13.20, 13.22

11 Introduction to Linear Regression and Correlation Analysis

14.1 Scatter Plots and Correlation
Ex: 14.3, 14.6-14.8
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 14.2 Simple Linear Regression Analysis
Ex: 14.16, 14.22
14.3 Uses for Regression Analysis
Ex: 14.30-14.31, 14.37

12 Multiple Regression Analysis and Model Building

15.1 Introduction to Multiple Regression Analysis
Ex: 15.1-15.4
15.2 Using Qualitative Independent Variables
Ex: 15.12-15.17
15.3 Working with Nonlinear Relationships
Ex: 15.24
15.4 Stepwise Regression
Ex: 15.37

General Comment
In graduate school, you will not necessarily always understand the material during the lecture. Look
over your notes after class and try to understand every line. You also need to study the notes. If you
still cannot understand, use the resources at your disposal including your colleagues and instructor.
You do not want to fall behind.

Secrets for Good Performance

a) Do the assigned readings and questions before you come to class.
b) Attend all classes.
c) Make an effort to pay conscientious attention in class.
d) Be punctual.
e) If you have any difficulties, do not complain but solicit help from your colleagues or come
to my office.

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