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1DSCI 2710-005 Fall – 2015 W 6:30 – 9:20 PM: Classroom: BLB 180 INSTRUCTOR: J.L. Dake, Ph. D. OFFICE: BLB 358 D E-MAIL: [email protected] OFFICE PHONE: 940-369-7218 OFFICE HOURS: TTH 2:00 pm – 3:00 pm; MW 8:30 am – 9:30 am: Other hours by appointment. Feel free to come by-I’m usually around. Helps to let me know when! REQUIRED TEXTS & MATERIALS 1. Business Statistics: Analytics for Decision Making by Kvanli/Pavur/Keeling Comment: The paperback copy of this text will be used along with the electronic version available on Blackboard. The hard copy is packaged with the access code. You cannot purchase the access code separately. To access the electronic version with its supporting materials, you will need to login to your section’s Blackboard (BBL) website and then provide the access code that appears inside the front cover of your textbook upon your initial use of the electronic textbook material. After completing all the assigned homework for each chapter, you will take the chapter’s post-test in Blackboard, testing you over the assigned homework exercises of that chapter. These post- tests will be part of your final grade. Do not purchase a used version of the textbook since you will be unable to take the post-tests as the access codes are designed for one-semester use in this course by each student and are not transferable. 1

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Page 1: s3.amazonaws.com€¦ · Web viewDSCI 2710-005 Fall – 2015. W 6:30 – 9:20 P. M: Classroom: BLB 1. 80 . INSTRUCTOR: J.L. Dake, Ph. D. OFFICE: BLB 358 D . E-MAIL: dakej@unt.edu

1DSCI 2710-005 Fall – 2015W 6:30 – 9:20 PM: Classroom: BLB 180

INSTRUCTOR: J.L. Dake, Ph. D.

OFFICE: BLB 358 D E-MAIL: [email protected]

OFFICE PHONE: 940-369-7218

OFFICE HOURS: TTH 2:00 pm – 3:00 pm; MW 8:30 am – 9:30 am: Other hours by appointment. Feel free to come by-I’m usually around. Helps to let me know when!

REQUIRED TEXTS & MATERIALS

1. Business Statistics: Analytics for Decision Making by Kvanli/Pavur/Keeling Comment: The paperback copy of this text will be used along with the electronic version available on Blackboard. The hard copy is packaged with the access code. You cannot purchase the access code separately. To access the electronic version with its supporting materials, you will need to login to your section’s Blackboard (BBL) website and then provide the access code that appears inside the front cover of your textbook upon your initial use of the electronic textbook material. After completing all the assigned homework for each chapter, you will take the chapter’s post-test in Blackboard, testing you over the assigned homework exercises of that chapter. These post-tests will be part of your final grade.

Do not purchase a used version of the textbook since you will be unable to take the post-tests as the access codes are designed for one-semester use in this course by each student and are not transferable.

2. Technology

IMPORTANT: If for any reason, you end up re-taking this course during another semester, this code will no longer be usable and you will need to purchase another code. Essentially, you are purchasing the rights to the Cengage material in Blackboard for one semester. Keep this in mind if you are deciding whether to drop the course. If you are retaking DSCI 2710 this semester, send an email to me and I will give you another textbook option. Be sure to tell when you last took the course and the instructor’s name. If you are retaking the course, you will not need to purchase another 30-character Hawkes code.

However, once you complete DSCI 2710, you will have access to the course materials in DSCI 3710 and will not be required to purchase a separate code in that course.

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Blackboard Learn (BBL) is being used for this course. This web site is located at learn.unt.edu. Announcements will be posted here as needed Click on “First Look” to view the requirements of the course.

3. Business Statistics: Hawk es Learning , by James S. Hawkes of Hawkes Learning.Notes: (1) This software is required to complete the assignments that are equivalent to asubstantial part of your grade. (2) You can download this software by following the steps in Getting Started #2 (see bottom of this page).

To actually run the software at home or in one of the COB labs, you must purchase an access code. For those of you with a Visa or MasterCard, follow Option 1. If you don’t have such a card, follow Option 2.

Option 1: Go to http://www.hawkeslearning.c om and select Get your Access Code.Then click on the button under Purchase your Access Code. Type in your School Name “University of North Texas – Denton” and hit Continue. Select Statistics in the “Please select your Product” box.

Then click Add. Then checkout and fill in the credit card information form.

Option 2: Purchase the box containing this software in the UNT Bookstore or wherever this software is sold on campus. Inside the box is a software license number that is necessary in Step 4 (below). Obtain your access code by using Step 4.

4. Obtaining your Hawkes code: Log on to www.hawkeslearning.com and select Get your Access Code. Then click on the button under Get your Access Code. Be sure to select University of North Texas – Denton as the School. Then click on Submit. If there is a 15 minute delay in receiving your code, contact Hawkes Learning at 800-426-9538 and they will be happy to assist you. Be sure to enter your name exactly as the registrar at UNT has your name (e.g., no nicknames or newly-married names).

5. If you are planning on running on a Mac; make sure you choose that software and contact Hawkes for any support issues.

The course ID is UNTBSTAT.

After clicking on Getting Started In BBl, you will see the following seven PowerPoint files. Take a look at these seven files (in order) to get off to a smooth start in this course.

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You may also find copies of old Practice Exams by going to the BLB (Business Leadership Building) Computer Lab: Computer --------S Drive-----------Dake Folder.

EXTRA CREDIT

You can work any of the following five Hawkes modules for extra credit (5 points each). They must be completed by the due date to obtain full credit.(1) Measures of Dispersion (Module 3.2a).(2) Classical Probability (Module 4.1).(3) Counting Rules (Module 4.3).(4) Find the Value of t (Module 6.5).(5) Estimating Means: Sigma Known (Module 8.3).

GOALS: At the end of the course, you should:

1. have an increased appreciation for the use of statistics in business decision making,2. be better able to select the appropriate statistical tool/methodology to aid in business decision making, 3. be able to use a computer spreadsheet program such as Excel to describe and analyze numerical data,4. be better able to communicate in the language of applied business statistics,5. have acquired a more positive attitude towards business statistics,6. be able to manipulate simple statistical formulae to solve non-verbal (numerical ) problems,7. have an enhanced ability to follow directions and instructions,8. have a much better vision of how analytics are used in analysis and business decisions,9. understand more about job/career potential of analytics and Decision Sciences.10. Think about becoming a Decision Sciences Major!

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TEACHING METHOD

1. You are encouraged to pay attention to commercials and news items in printed as well as audio-visual media to become aware of the wide use of statistics in our daily lives. To better assist you in understanding the use of these methodologies in business many of the class problems will be presented as simple business cases.

2. You should work the homework exercises assigned during the course since the post-test questions refer to these assigned exercises. In addition to the problems in the textbook, the Hawkes Learning modules are intended to assist you in better structuring the learning time you spend on practice problems.

EVALUATION

To demonstrate your ability to use quantitative techniques in business, you will answer exam questions based on short cases. Rather than being purely numerical, problems will be presented in word format. In addition, you will work on Excel case studies that require you to use an Excel spreadsheet program to analyze and describe real-world business data. By simulating real business problems and requiring you to communicate in writing, using the language of statistics, these evaluation instruments will reinforce the course objectives.

General Comments:11. Doing the assignments is essential to succeeding in this course. You are encouraged to keep up with the homework problems and check the answers to the odd-numbered exercises provided in the back of the textbook. These answers are also available in Blackboard by clicking on Course Chapters > Resources > Textbook Appendix B.

2. You have the final responsibility for seeing that you properly withdraw before the scheduled last drop day. Anyone who stops attending class should execute the drop procedure since failure to do so may result in a grade of “F” which cannot be changed.

3. You are requested not to phone or email the ITDS department or the instructor for your final grade in the course. Course grades are available electronically in the week following final-exam week.

The PowerPoint Lectures

1. The PowerPoint Lectures should be used to supplement the material. These lecture slides are narrated and animated. Be sure to use the Slide Show feature in PowerPoint and have your computer sound turned on.

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2. The PowerPoint lecture for each chapter is available inside Blackboard Course Content For example, here is the lecture file for Chapter 1.

1DSCI 2710 Course Specific Policies

1. Homework: Homework will be assigned (see page 16) and should be completed when due. Completing the homework is critical to learning the material and completing the exams on time. You are expected to read and understand the relevant sections of the textbook. Note – I will review “where to start” on the homework in class.

NOTES: (1) Part of your grade will consist of the nine chapter post-tests. To take a post-test, while in Blackboard, click on Post-Tests (inside Course Content) and then click on the post-test you wish to take. For more information, see Getting Started #3 (slides 5 – 8). (2) The post-test questions are taken directly from the homework. Since the post-tests are timed, you must complete the homework assignment before taking the post-test. They are timed!

. 2. Excel Assignments: Five exercises (see pages 12 and 13) using Excel will be assigned. There will be quizzes on these Exercises to establish your point score. They will be demonstrated in class prior to the due date of the quiz

3. Tutorial Exercises: 15 tutorial exercises (see page 14) using the Hawkes Learning Modules will be assigned. These are an important part of the course grade. The modules will be registered online upon completion.

The lecture file is here

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4. Exams: There will be three exams plus a comprehensive final exam. All exams will be closed book. For each exam, bring a formula sheet, calculator, any tables that Apply and your Student ID.

Course Point Allocation: Exam #1 200 Exam #2 200

Exam #3 200 (Low exam of #1, #2, #3 will be dropped) -200

Final exam (cumulative) 200 Online post-tests 100

Tutorials (Hawkes Learning) 75 (5 points each) Excel assignment quizzes 25 (5 points each) TOTAL 800

5. Grade Assignment: ≥ 90% = A ≥ 720 points≥ 80% = B ≥ 640 points≥ 70% = C ≥ 560 points≥ 60% = D ≥ 480 points

Below 60% = F < 480 points

6. A Statistics Lab. is available on campus for students seeking additional help. Hours will be posted on BBL. The purpose of the lab is to assist students to overcome difficulties they may encounter in attempting statistics problems.

The lab is located in BLB 131 = Go visit to see where it is located.

Comments regarding the stat lab

1. The statistics lab is not available to aid students in taking post-test quizzes. Also note that the lab is Closed During Final Exam Week

2. (IMPORTANT) the stat lab is especially busy right before exams. There is not enough staff to handle a surge of students and so you may not get the help you need. It is much better tovisit the stat lab as homework questions come up and not wait until the last minute.

DEPARTMENT & COLLEGE POLICIES

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1. If you wish to register a complaint, you should first discuss your complaint with me. To further pursue your complaint contact Dr. Nicholas Evangelopoulos (course coordinator) and you can also: contact Dr. Mary Jones; ITDS Department Chair.

2. As a general rule NO MAKE-UP EXAMS will be given; if an emergency occurs - See me

3. The University policy on Code of Conduct and Ethics is contained in the Student Guide Book. You are responsible for knowing the information contained in this and all other official University publications.

4. Students with Disabilities: The College of Business Administration complies with the Americans with Disabilities Act in making reasonable accommodations for qualified students with disability. If you have an established disability as defined in the "Act" and would like to request accommodation, please see me as soon as possible.

5. Dates of drop deadlines, exams, final exams, etc., are published in the university catalog and schedule of classes. Please be sure you keep informed about these dates.

6. A grade of "I" will not be assigned except in rare circumstances. If you think you will not be able to complete the class satisfactorily, please drop the course. An “I” grade cannot be used to substitute your poor performance in class.

7. If a student is caught cheating, he or she will be immediately removed from the class with a "WF" grade. To be reinstated, the student must provide substantial evidence to the contrary in a hearing held in the Dean of Students Office, University of North Texas.

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DSCI 2710 – 001: SYLLABUS: Fall - 2014

The syllabus below is an outline for planning your time to meet study needs; to be prepared for Exams, complete the Hawkes Modules, Excel Quizzes and Post Tests on a timely basis.

Week 1 Topics Sections in Text & OnlineAug. 26 Introduction to Statistics Chap. 1.1 thru 1.6

Hawkes: Obtain access code

Frequency Distributions Chap. 2.1

Week 2Sept. 02 Descriptive Graphs Chap. 2.2 thru 2.6

Descriptive Measures Chap. 3.1 thru 3.6

Week 3Sept. 09 Descriptive Measures cont.

Trend & Seasonal Variation Chap. 4.1 thru 4.9

Index Numbers – CPI Chap. 4.10

Week 4Sept. 16 Probability Concepts Chap. 5.1 thru 5.4

REVIEW

Week 5Sept. 23 ** Exam #1 **

Descriptive Statistics and Time Series Ch. 1-4

Week 6Sept. 30 Discrete Prob. Distribution Chap. 6.1 thru 6.2

Binomial Distribution Chap. 6.3

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Week 7Oct. 07 Poisson Distribution Chap. 6.4

Review

Week 8Oct. 14 *** Exam #2 ***

Chapters 5 & 6

Week 9Oct. 21 Continuous Probability Distributions Chap. 7.1 thru 7.4

The Normal Curve Chap. 7.5 thru 7.7

Week 10Oct. 28 Inference & Sampling Chap. 8.1 & 8.2

Confidence Intervals:For the mean (σ known) Chap. 8.3

For the mean (σ unknown) Chap. 8.4

Week 11Nov. 04 Determining Sample Size Chap. 8.5

Quality Improvement Chap. 9.1 thru 9.4

REVIEWWeek 12Nov 11 ` *** Exam #3 *** -- Chapters 7 and 8

Week 13Nov. 18 Control Charts for Variables Chap. 9.5 thru 9.6

Control Chart Patterns

Control Charts for Attributes Chap. 9.7

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Week 14Nov. 25 Process Capability Chap. 9.8

Nov. 26 – Nov. 29 *********THANKSGIVING**********

Week 15 Dec. 02 REVIEW for Final

No Hawkes Modules or Post TestsWill be accepted after Dec. 3, 2015 @ 11:59 pm CT.

Week 16Dec. 09 **********FINAL***************

6:30 PM: WednesdayIn this Classroom BLB 180

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Taking Excel Quizzes

Be sure to go through the PowerPoint slides in Getting Started #6 (see page 2 in this syllabus).

• On the due date for this Excel assignment, or the day before the due date, you need to take the Excel quiz through Blackboard

Notes(1) These quizzes will not open until the scheduled time in the syllabus. Once you click on the Begin button, the clock is running for the assigned time allotted for the quiz. Therefore, get everything you need (e.g., hard copy of the Excel spreadsheets, calculator, textbook) BEFORE opening the quiz.

(2) I will announce in class when the Excel Quizzes are opened, will work them in class and note when they close. Once they are closed; there is no partial credit or further option to take the quiz. See planned schedule and write-ups on the following pages and summary schedule on p. 14.

Click on the quiz you wish to take

The Excel quizzes are here

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Excel Assignments

Excel #1 --- Due by Sept. 13 (Sunday)Retrieve the data for exercise # 3.44 (page 83) using data set EX3-44.xls.

Ignore the questions in the exercise and answer the following questions:

a. Produce two histograms, using two different class widths b. Do you agree with the statement that the service time rarely exceeds 24 minutes? Why or why not?

c. Determine the descriptive statistics using Excel's Tools > Data Analysis > Descriptive Statisticsd. Give a reason why the distribution is skewed (if it is) and in which direction.

Be sure to use the Pearson measure of skewness, not the Excel measure of skewness.

Excel #2 --- Due by Sept. 27 (Sunday)Retrieve the data for exercise # 4.49 (page 151) using data set EX4-49.xls.

Ignore the questions and answer the following questions: a. Using the Excel macros, what are the seasonal indexes and trend line? b. What are the cyclical components for the year 2009? c. What do you observe in the data?

Excel #3 --- Due by Oct. 04 (Sunday)Use the binomial function to answer the following questions (there is no data set here):Suppose a shipment of 400 components contains 68 defective and 332 non-defective

computer components. From the shipment you take a random sample of 20. When sampling with replacement (binomial), determine the probability of obtaining:

a. Exactly two defective components in the sample of 20. b. Two or more defective components in the sample of 20.

c. Three or less defective components in the sample of 20. d. Between one and three (inclusive) defective components. e. More than four defective components.

f. What are the mean and variance of this discrete random variable?

(continued on next page)

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Enter 0 through 20 in column A and construct the entire distribution in column B using Excel’s BINOMDIST function (explained on pages 233 and 234 in the textbook).

X P(x)0 0.xxxx 1 0.xxxx 2 0.xxxx

. .

. 20 0.xxxx

1.0000

Excel #4 --- Due by Nov. 08 (Sunday)Retrieve the data for exercise # 8.31 (page 316) using data set EX8-31.xls.

Ignore the questions and answer the following questions:

a. Use data set EX8-31.xls to determine a 95% confidence interval for the mean loss. Assume the population standard deviation is unknown.

b. Suppose in part (a) that the population standard deviation is believed to be 1200 (million dollars). Now what is the 95% confidence interval for the mean loss?

Excel #5 --- Due by Nov. 25 (Wednesday)Using data set EX9-29.xls (discussed in Exercise 9.29, page 362), construct the Xbar

chart and R chart. Also, look for patterns in the Xbar chart. Does the process appear to be in control?

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DUE DATESHawkes Learning Systems: Business Statistics

**Modules Receive Half Credit if Late**

Module MODULE NAME Due Date 1 1.2 Level of Measurement 08/312 3.1 Measures of Center 09/073 3.3 Constructing Samples 09/14Bonus 3.2a Measures of Dispersion 09/144 5.1 Discrete Random Variables 10/055 5.2 Binomial Word Problems 10/05Bonus 4.1 Classical Probability 10/12Bonus 4.3 Counting Rules 10/316 5.3 The Poisson Distribution 10/127 6.2 Reading a Normal Curve Table 10/198 6.4 Finding the Value of Z 10/199 6.3 The Normal Distribution 10/2610 7.3 Sampling Distribution (Means) 11/02Bonus 8.3 Estimation of Means: Sigma Known 11/0611 8.4 Estimation (Means) Sigma Unknown 11/06Bonus 6.5 Find the Value of t 11/0912 13.1 R Charts 11/2313 13.4 Mean Charts using Range 11/2314 13.2 p Charts 12/0315 13.3 c Charts 12/03

EXCEL ASSIGNMENTS ONLINE POST-TESTS

Assignment # Due Date Chapter # Suggested Due Date

1 09/13 1 09/072 09/27 2 09/073 10/11 3 09/144 11/08 4 09/285 11/25 5 10/05

6 10/127 10/268 11/099 12/02

NOTES

Excel Quizzes are taken on line using your Blackboard Learn to receive credit for your Excel Exercises; by the dates specified above. The dates shown above are the ending dates.

Please complete End of Chapter Post Tests ASAP. These are available on Blackboard Learn

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● The last nine slides in Getting Started #2 (see page 2 in the syllabus) discuss how to complete the Hawkes modules.

● After getting a module certified, you should check your Hawkes Progress Report.

● Late certification is accepted but at a 50% penalty.

● No late Hawkes assignments will be counted after Dec. 03 @ 11:59 pm CDT.

Remember: The course ID is UNTBSTAT.See www.hawkeslearning.com or phone HLS at 800-426-9538 for help

Note: If you have an internet connection while completing a module, the Hawkes Learning system should automatically register your module when you successfully complete the CERTIFY phase. Always print out your certifications and keep a file.

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Assigned Homework DSCI 2710

Prior to the due date, complete the homework problems assigned below. Then log in to Blackboard Learn and complete the chapter post-test located under the “Homework Post Test” button. The post test questions ask about the assigned problems. For instance, the post-test might ask: what was the solution to question 2? The post tests are timed, so be sure you have completed all of the assigned work before beginning the post test and be sure you have all of the solution material in front of you. The first time you take the post-test, your score will be counted so be sure you are ready when you begin.

***FOR ANY QUESTION THAT USE A DATA SET, THE DATASET WILL BE EMBEDDED AS AN EXCEL FILE IN THE ONLINE VERSION OF THE

TEXTBOOK***Chapter 1Exercises: 1.1 through 1.5, 1.21, 1.25

Chapter 2Exercises: 2.5, 2.8 (a, b &c), 2.10 (a, b, c & d), 2.14, 2.15, 2.20 (uses a data set), 2.27, 2.29, 2.32

Chapter 3Exercises: 3.3, 3.4, 3.6, 3.8 (uses a data set), 3.9 (uses a data set), 3.16, 3.18, 3.24, 3.25, 3.28, 3.34, 3.38, 3.41

Chapter 4Exercises: 4.5, 4.7, 4.12, 4.15 (uses a data set), 4.17, 4.19, 4.24, 4.30, 4.36, 4.39, 4.40, 4.49 (uses a data set), 4.50 (uses a data set), 4.63, 4.64, 4.65, 4.67

Chapter 5Exercises: 5.1, 5.2, 5.7, 5.8, 5.12, 5.13, 5.16, 5.18, 5.22, 5.25, 5.28, 5.29

Chapter 6Exercises: 6.4, 6.7, 6.9, 6.11, 6.12, 6.15, 6.20 through 6.24, 6.27, 6.30, 6.34 through 6.37, 6.39, 6.41, 6.42, 6.46, 6.49, 6.50

Chapter 7Exercises: 7.3 through 7.8, 7.12 through 7.18, 7.22

Chapter 8Exercises: 8.1, 8.2, 8.3, 8.5, 8.6, 8.10 through 8.18, 8.22, 8.25, 8.26, 8.27, 8.28, 8.30, 8.34, 8.35, 8.37, 8.40

Chapter 9Exercises: 9.2 through 9.7, [Chapter 2: 2.33], 9.9, 9.11, 9.15, 9.21, 9.22 (a & b), 9.23, 9.26, 9.29 (uses a data set), 9.30 (uses a data set), 9.33 through 9.40, 9.46, 9.47, 9.48, and 9.50 though 9.54

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Student Getting Started Directions – see www.hawkeslearning.com/ for helpTO PURCHASE THE HLS SOFTWARE (an Access Code) FOR YOUR COURSE:

1. Go to www.hawkeslearning.com and choose G et your access code under Students. Phone HLS at 800-426-9538 for help

2. Next, choose Purchase an Access Code.3. Type in the school name and select “continue.” Select an access code for

“Statistics,” click “add,” and proceed to your cart for checkout. 4. Choose pay with Credit Card.5. You will be taken to a secure site, where you will be asked to enter your credit

card information.  Please note that the address information MUST match the billing address of the credit card.

6. After your credit card information has been verified, you will be taken to a page where you will request an Access Code by entering your name, school, and email address. 

Upon submitting the Access Code request, your Access Code will be emailed to you as well as displayed on the screen.

TO CREATE AN ONLINE WEB PLATFORM ACCOUNT:

1. Go to learn.hawkeslearning.com and select “Create an Account.”2. Paste your access code into Step 1, and follow the steps for account creation.3. You can visit the website from any internet connected computer to view your course and

complete assignments by logging in with your email address and password.

TO DOWNLOAD and INSTALL THE INSTALLED PLATFORM: use the update option instead if you have a version from a prior term:

1. Go to the HLS site and select the “Students” -> “Download the Software” link or go directly to http://www.hawkeslearning.com/Support/Downloads.aspx

2. Select “Business Statistics” product from the drop down list. 3. Select to download option for either PC or Mac. 4. When prompted, save the Installer program to your Desktop folder. 5. After the file is saved to your desktop, double click on it to begin the installation. 

Please follow the prompts. 6. When prompted for the Hawkes Course ID enter UNTBSTAT in the box

provided.       

TO ENTER THE SOFTWARE AND SAVE YOUR ACCESS CODE : 1. Double-click on the purple diamond icon on your Desktop (or go to Start,

Programs, Hawkes Learning Systems).2. Enter your access code when prompted.  You may type it, paste it, or load it from

a disk (if you saved it from e-mail) by clicking the “F1-Load From Disk” option and browsing to the path where you saved it.  If you type or paste your access code, you will be prompted to save it.  Save your access code to a flash drive to avoid typing it each time.

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