Course Syllabus - St. Petersburg College

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St. Petersburg College
College of Business
Course Syllabus
2016-17
QMB3200 - Quantitative Methods for Business
Instructor:
Prof. Suhas Hublikar
Office Hours:
- Virtual by MyCourses email.
-
E-mail:
Skype by appointments
30 minutes before the class ( only for the blended class)
[email protected]
Notes: Students should anticipate a response to course email within 24 hours from Monday to Friday – it
may take longer to respond on weekends and holidays. If the course system ( My Courses) is down or
you are unable to upload your assignments, or if you have questions not related to this class, please send
correspondence to main SPC email account above. Set up a Skype appointment to discuss any
questions. Email is not a good medium to discuss most of the questions and concepts for this class.
Required Course Material:
1. Required Text Book
Business Statistics, 2nd edition, by Robert A. Donnelly, Jr. Pearson ISBN-13:
9780321925121
2. MyStatLab access code for the textbook
3. Access code for PHStat version 4.xxx (add-in for Excel) from Pearson.
4. Microsoft Excel
In short, you need the textbook (print or e-book) and the access code for MyStatLab for the text and
access code for PHStat (add-in for Excel )by the first day of the class.
Donnelly Text, PHStat access, and MyStatLab access are bundled together as a package. This package
is available at the bookstore. The ISBN for the package is 9780134115153.
Please see MyStatLab registration information in the course.
Also see: http://www.mypearsonstore.com/bookstore/business-statistics-9780321925121
Course Description:
This course presents quantitative approaches to business decision making. It provides students with a
conceptual understanding of the role that management science plans in the decision making process.
This course emphasizes the application of quantitative techniques to the solution of business and
economic problems. 47 contact hours.
Course Objectives
1. The student will apply the conceptual framework of quantitative methods in the decision making
process.
2. The student will analyze real world business applications.
3. The student will calculate probability distributions, expected value, and sampling.
4. The student will apply the principles of forecasting using past data and time series analysis.
5. The student will research inventory decisions with certainty and uncertainty factors.
6. The student will consider linear programming formulation and computer solutions.
Course Content
The course is broken down into 8 weekly segments designed to provide students with an overview of
quantitative methods for business. A variety of learning activities are provided to help students gain a
unique set of competencies to effectively respond to the dynamic field of business decision making. * You
will use Excel/PHStat to set-up and to solve all problems*
1. PowerPoint® slides are provided as an aid to guide the student in understanding current issues facing
quantitative methods for business decision making.
2. Homework Assignments (individual) – Textbook problems are assigned on MyStatLab to provide the
student with the opportunity to solve real-world problems and make sound decisions in the areas of
quantitative method for business decision making. Each Homework question can be attempted three
times to improve your understanding and score.
3. Chapter Quizzes – Chapter quizzes are assigned in MyCourses on the material covered in the
textbook, PowerPoint slides, and the homework to assess student's knowledge gained in regards to the
key concepts associated with quantitative methods. The questions on the quizzes and Exams are
different from the homework questions.
4. Exams - There will be a midterm and a final exam, which is assigned in MyCourses.
Course Prerequisites
STA2023, MAC2233, MAN 3504, FIN 3403, and admission to the Business Administration BS OR
Management and Organizational Leadership BAS OR International Business BAS programs, or the
permission of the Dean.
Good knowledge of Microsoft Excel.
Course Requirements
The five primary requirements to complete this course successfully are:
1.
2.
3.
4.
Meeting of the pre-requisites of this course
Required Text
Register to MyStatLab for this class and download PHStat version 4.xxx add-in for Excel.
Good knowledge of Excel and a computer with reliable internet connection; with Microsoft Excel
and PHStat add-in (see Hardware and software requirements). All the calculations will be done
using Excel and PHStat. We will NOT use calculators and statistical tables given in the book.
5. Determination to spend at least 15-20 hours each week
(Please do not plan to spend this time only on the weekends!)
Hardware and software requirements
Please check that your computer has internet connectivity as well as meets all the technical requirements
(operating system, browsers, plug-ins etc.) of MyCourses (Desire to Learn) and MyStatLab.
Check MyStatLab technical requirements at
http://www.pearsonmylabandmastering.com/northamerica/mystatlab/students/support/systemrequirements/index.html
Microsoft Excel and PHStat
The textbook uses Microsoft Excel 2013 for Windows. However, you can also use Microsoft Excel 2010
for Windows and Excel for Mac 2011. (Please read pages 23-24 of the textbook)
For most students Microsoft Office is available as a free download, Log in to MySPC and look for the
Download Microsoft Software link under Resources.
The textbook uses Microsoft Excel 2013 for windows to construct various charts and graphs as well as to
perform many of the calculations required in in statistics. In addition to using basic statistical functions
found in Excel 2013 for Windows, the textbook also uses two Excel add-ins: Data Analysis ToolPak- a
standard feature available in Excel (Windows version) and PHStat.
The companion website for the book http://www.pearsonhighered.com/donnelly/ has instructions for Excel
for Mac 2011/Excel 2010 for Windows.
PHStat: PHStat is an add-in for Microsoft Excel offered by Pearson Education that provides statistical
tools not available in Excel’s Data Analysis Toolpak. PHStat allows you to perform many common types
of statistical analyses working with and using the familiar Microsoft Excel interface. Visit
www.pearsonhighered.com/phstat to download PHStat version 4.xxx or visit MyStatLab “Tools for
Success” folder and look for download information under PHStat. PHStat comes packaged as a zip file
archive that you download and unzip to the folder of your choice. Review the PHStat readme file that
contains important information about using PHStat applicable to your Excel version.
For QMB 3200, students will work primarily in MyCourses, MyStatLab, and Excel/PHStat.
Course Schedule QMB 3200
The course consists of eight weekly modules. *Each week begins on Monday and ends on 11: 55 PM
Sunday.
*Please note all assignment due dates for chapter homework, quizzes, and exams*
* The course syllabus including the schedule is subject to change in case of any errors and omissions as
well as in the extenuating circumstances. Any changes to the syllabus, the course content, and the
schedule will be communicated to the class. It is your responsibility to note all the changes.*
QMB 3200 2016-17
Weekly Assignment Schedule and Due Dates
Any changes to Assignment schedule and due dates will be be communicated to the class.
*Check the due dates. Most assignments are due on Mondays and Tuesdays*
*Do Homework in MyStatLab. Chapter quizzes and Exams in MyCourses*
Week
Start
Date
Class Topics and Text
Readings
Assignments
1
Due Day
Monday
Chapters 1 to 4 ( review on
your own)
Practice Quizzes Ch. 1,2,3,4 in
MyStatLab
Chapter 5
MyStatLab Homework
Problems
MyStatLab Homework:
Orientation
Discrete Probability
Distributions
Skip chapter sections 5.4
Friday
MyStatLab Homework:
Chapters 5, 6
Monday
Quizzes Chapter 5 ,6 in
MyCourses
Tuesday
Chapter 6
Continuous Probability
Distributions
Due
Date
Week
Start
Date
Class Topics and Text
Readings
Assignments
2
Due Day
Monday
Chapter 7
Sampling and Sampling
Distributions
MyStatLab Homework
Problems
MyStatLab Homework
Chapters. 7,8
Monday
Chapter 8
Confidence Intervals
Quizzes Chapters 7,8 in
MyCourses
3
Tuesday
Monday
Chapter 9
Hypothesis Testing for a
Single Population
Skip section 9.5
MyStatLab Homework
Problems
MyStatLab Homework
Chapters 9,10
Monday
Chapter 10
Hypothesis Tests-
Quizzes Chapters 9,10 in
MyCourses
Tuesday
Midterm Exam- Chapters 5-10
in MyCourses
MyStatLab Homework
Problems
MyStatLab Homework Chapter
11
Sunday
Comparing Two Populations
4
Mid -Term Exam (chapters 5
to 10)
Chapter 11
Monday
Analysis of Variance
(ANOVA) Procedures
Quiz Chapter 11 in MyCourses
5
Tuesday
Monday
Chapter 12
Chi-Square Tests
MyStatLab Homework
Problems
MyStatLab Homework
Chapters 12, 13
Monday
Chapter 13
Hypothesis Tests For The
Population Variance
Quizzes Chhapters12, 13 in
MyCourses
Tuesday
Due
Date
Week
Start
Date
Class Topics and Text
Readings
Assignments
Due Day
6
Due
Date
Monday
Chapter 14
Correlation and Simple Linear
Regression
MyStatLab Homework
Problems
MyStatLab Homework
Chapters 14,15
Monday
Chapter 15
Multiple Regression and
Model Building
Tuesday
Quizzes Chapters 14,15 in
MyCourses
7
Monday
Chapter 16
Forecasting
MyStatLab Homework
Problems
MyStatLab Homework Chapter
16
Monday
Tuesday
Quiz Chapter 16 in MyCourses
8
QMB 3200 Final Exam
(Chapters 11-16)
Final Exam - Chapters 11-16
in MyCourses
Wednesday
Chapter Homework assignments are completed in MyStatLab. No time restriction. Each homework
question THREE attempts.
Chapter quizzes are for each chapter with 50 minute time limit in MyCourses. One attempt.
Mid-Term and Final Exam are in MyCourses. 180 minutes time limit. One attempt.
Grading Policy
Category
Category
Graded Category Assignments
Weight
Percent of
Total Grade
Homework
Homework: Orientation and 12 Chapter Homework @ 10
points each in MyStatLab
33
33%
Quiz
Quizzes: 12 Chapter Quizzes @ 10 points each in
MyCourses
27
27%
Mid Term
Exam
Mid-Term Exam: Chapters 5-10 @ 30 points in MyCourses
20
20%
Final Exam
Final Exam: Chapter 11-16 @ 30 points in MyCourses
20
20%
100
100%
TOTAL
Total Percent
Letter Grade
90 - 100 %
A
80 - 89.9 %
B
70 – 79.9%
C
60 – 69.9 %
D
< 60 %
F

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