DepartmentofDecisionSciences&ManagerialEconomics

FacultyofBusinessAdministration
TheChineseUniversityofHongkong

DSME2010StatisticsAnalysisforBusinessDecisionI
SectionsD,E&F
(FallSemester,2012)

INSTRUCTOR
NAME
Office:
Phone:
Email:
Officehours:

FrancisKCHEUNG
924CYTBuilding
39437654

francis@baf.msmail.cuhk.edu.hk
Wednesday10:3011:30amorbyappointment

TEACHINGASSISTANCE
NAME
FUNGWanHang,Melody
Office:
931CYTBuilding
Phone:
39431654

Email:
fungwh@baf.msmail.cuhk.edu.hk
Officehours: Wed2:30am3:30pmandFriday2:30pm3:30pmorbyappointment

COURSECONTENT

Theobjectiveofthiscourseistointroducethebasicstatisticalconceptsandtechniquesto
thefirstyearbusinessstudents.Thecourseaimstohelpstudentsunderstandthevalueof
Statistics in acquiring knowledge and making decisions in business practice, develop
students criticalandthoughtful thinking skills, and equip students the ability to apply
statistical analysis to business issues. The topics include descriptive statistics, probability,
estimation,andhypothesistesting.

REQUIREDTEXTBOOK
Sweeney,WilliamsandAnderson,FundamentalsofBusinessStatistics,SixthEdition(2011),
SouthWesternCengageLearning.

REFERENCETEXTBOOK
Berenson, Levine and Krehbiel, Basic Business Statistics, Concepts and Applications, Tenth
Edition(2005),PrenticeHall.

COURSEASSESSMENT
Coursegradewillbebasedonsomeorallofthefollowingelements:
FinalExam50%
MidtermExam30%
ClassParticipation5%
Homework(individual)15%
Total100%

FINALEXAMINATION
The exam is closed notes and books. It is a comprehensive test, which covers all topics
taught in this course. It will be 2 hours long. The date and time will be announced by the
examinationsectionoftheuniversityinalaterdate.Noindividualmakeupexaminationwill
beofferedinthiscourse.

MIDTERMEXAMINATION

Themidtermexamwillbe2hourslongandwillbeheldonNov1(Thur),6:30pm8:30pm.
ThevenueisYIALT1.Itisclosednotesandbooksandthiswrittentestwillbecomprisedof
multiplechoices,shortanswerquestions,andnumericalproblems.

CLASSPARTICIPATION

PleasenotethatPARTICIPATIONisnotequalATTENDENCE.Youarerequiredtoactively
engagedindiscussions,raisingquestionsandprovidingfeedback.Youwillobtainmarksin
participationbyaskingpertinentquestionsorbyrespondingtoquestionsduringclass.You
willloseparticipationmarksbyconstantlytalkinginclassormissingasignificantportionof
theclass.

HOMEWORK

Youarerequiredtosubmitassignedhomeworkatthetimeannouncedintheclasswebsite.
Latesubmissionwillresultin0pointsinthatassignment.

COURSESTUDYOUTCOMES

Aftercompletingthiscourse,studentsshouldbeableto:
(1) understandandusethebasiclanguageandtoolsofstatistics,
(2) useofpropertiesofprobabilitydistributionstomakecomputations,
(3) masterthemechanicofestimationandhypothesistesting,
(4)applystatisticsanalysistosolvetheproblemandtomakeproperdecisioninbusiness
problems,
(5)usingcomputerprogram(excel)tohelpconductingstatisticalanalysis.

CLASSROOMCONDUCT

Mobilephonesandpagersmustbeswitchedoff,andnoeatingordrinkingisallowedduring
class.Talkingwithnearbyclassmateswilldistracttheclassandisprohibated.

POLICYONSCHOLASTICDISHONESTY

The Chinese University of Hong Kong places very high importance on honesty in academic
work submitted by students, and adopts a policy of zero tolerance on cheating and
plagiarism. Any related offence will lead to disciplinary action including termination of
studiesattheUniversity.AttentionisdrawntoUniversitypolicyandregulationsonhonesty
inacademicwork,andtothedisciplinaryguidelinesandproceduresapplicabletobreaches
of
such
policy
and
regulations.

Details
may
be
found
at
http://www.cuhk.edu.hk/policy/academichonesty/.

COURSEOUTLINE
2

ThetermstartsfromSept10toDec7.Belowisatentativecourseoutline.Notethatthescheduleand
topicsmaybeadjustedduringthesemesteraccordingtothecourseprogress.

Week Chapter
1

Chapter1

Topic
Introduction

Chapter2

DescriptiveStatistics:Graphing

Chapter3

DescriptiveStatistics:NumericalMeasures

Chapter4

Probability

Chapter5

RandomVariable:Concepts&Properties

Chapters5&6

RandomVariables:ProbabilityModels

Midterm

Chapter7

RandomVariables:SamplingDistribution

Chapter8

StatisticalInference:Estimation

Chapter9

StatisticalInference:HypothesisTesting

Chapter10

StatisticalInference:ComparingTwoMeans

Chapter11

StatisticalInference:ChiSquareTest

13

Makeup

10

11

12

Note:Therewillbenoclassonthefollowingpublicholidays:Oct1(Mon),Oct2(Tue)and
Oct23(Tue).