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2017/2018 BA-BHAAI1001U Basic Statistics for Business and Economics
| English Title | |
| Basic Statistics for Business and Economics |
Course information |
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| Language | English |
| Course ECTS | 7.5 ECTS |
| Type | Elective |
| Level | Bachelor |
| Duration | Summer |
| Start time of the course | Summer |
| Timetable | Course schedule will be posted at calendar.cbs.dk |
| Max. participants | 120 |
| Study board |
Study Board for BSc in Economics and Business
Administration
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| Course coordinator | |
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| In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.msc@cbs.dk | |
| Main academic disciplines | |
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| Last updated on 25/04/2018 | |
Relevant links |
| Learning objectives | ||||||||||||||||||||||
To achieve the grade 12, students should meet the
following learning objectives with no or only minor mistakes or
errors: Upon the successful completion of this course, a student
should be able to:
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| Course prerequisites | ||||||||||||||||||||||
| Basic algebra and working knowledge of Excel | ||||||||||||||||||||||
| Examination | ||||||||||||||||||||||
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| Course content and structure | ||||||||||||||||||||||
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This is a beginning statistics course with special focus on the practical application of basic statistical concepts to business and economics problems. The importance of understanding probability and probability distributions and their application in the decision-making processes in business and economics will be explored. The course will also expose and teach students the basics and the applications of inferential statistics (e.g. hypothesis testing and confidence interval estimation), and bivariate analysis in business and economics. This is a beginning statistics course with special focus on the practical application of basic statistical concepts to business and economics problems. The importance of understanding probability and probability distributions and their application in the decision-making processes in business and economics will be explored. The course will also expose and teach students the basics and the applications of inferential statistics (e.g. hypothesis testing and confidence interval estimation), and bivariate analysis in business and economics.
Preliminary assignment - Prior to the first meeting in June, students are expected to have viewed the following video introductions: Introduction
Class 1: Introduction and Overview of the course, numerical and graphical representation of data Class 2: Introduction to probability Class 3:Discrete probability distributions Class 4:Continuous probability distributions Class 5:Sampling distributions and the Central Limit Theorem
Class 6: Confidence interval estimation for one population
Class 7:Hypothesis Testing Concepts, One sample tests Class 8: Two sample tests Class 9: Analysis of Variance (ANOVA) Class 10: Introduction to Qualtrics, a Web-based survey application. Class 11: Qualtrics application and review.
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| Teaching methods | ||||||||||||||||||||||
| Essentially, the learning environment will follow
the Confucian learning philosophy: “Tell Me and I Will Forget; Show
Me and I May Remember; Involve Me and I Will Understand”
The course will be a combination of lectures and situational problem solving. Lectures will address the concepts and proper procedures for carrying out the various statistical methods covered in the class. This will be followed by application of the concepts and methods to business and economic-related problems. Computer software, mainly Excel, will be used in solving statistical problems. Students will be expected to read the assigned material and work on assigned textbook problems outside of class. The assigned textbook problems are not for submission. An Excel-based statistical templates developed by the instructor will be used as a class supplement. Digitized lectures (e.g. digitally recorded computer-based lectures and demos) will also be made available to students to further enhance learning. The link to these videos will be made available in Learn. Below are links to sample video supplements to the class. http://webpages.sou.edu/~ordonez/Lind17%20Final%20GEs/Problem%202.40/Problem%202.40.html http://webpages.sou.edu/~ordonez/Lind15thEdition/Edited%20Recordings/Exercise%203.77/Exercise%203.77.html |
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| Feedback during the teaching period | ||||||||||||||||||||||
| A midterm assessment (voluntary but highly recommended) in the form of an objective quiz will be administered via Learn. The format of the assessment will be similar to the format of the 4-hour Ordinary Exam administered at the end of the course. Questions in the quiz will cover concepts, definition of terms, and problem solving based on the lessons covered during the first 5 sessions. The questions will be presented in multiple choice format along with fill-in-the blanks (particularly in problem solving scenarios). | ||||||||||||||||||||||
| Student workload | ||||||||||||||||||||||
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| Further Information | ||||||||||||||||||||||
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Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.
Course timetable is available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams.
We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams end February 2018 at the latest. |
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| Expected literature | ||||||||||||||||||||||
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Mandatory readings:
Statistical Techniques in Business and Economics (16th Ed)
International (paperback) Edition by Lind,Marchal,and Wathen
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