4ST14NAK15B Statistics 2

BA in International Business Fall, 2010/2011

Course leader: Lecturer(s): Department: Office hours: Availability: Balzs KOTOSZ, PhD Tibor KERESZTLY, assist. prof. Balzs KOTOSZ, PhD Statistics Tibor KERESZTLY: Wednesday 11:20-12:40 Balzs KOTOSZ, PhD: Tuesday 13:10-14:30 Phone number: 5548 Room: E105 Email address: tibor.keresztely@uni-corvinus.hu balazs.kotosz@uni-corvinus.hu core Statistics 1, Foundations of mathematics 2 4 33 hours, number of lectures and seminars: 1+2. lecture: Wednesday 16:30-17:50 (only odd-numbered weeks) TBA seminar: Wednesday 14:50-16:10 TBA

Course type: Prerequisites: Credits: Number of hours per semester Time of class and venue:

Aims and objectives and description of the course: The course is a direct continuation of Statistics 1. It will be an introduction to sampling, statistical inference and statistical modeling. The focus will be mainly put on the logic of the methods to be covered, on the conditions of their application and on the interpretation of the statistical measures most widely used in socio-economic analyses. In addition, the use of Excel will also be demonstrated. Learning outcomes: Ability to choose the appropriate statistical methods for applications, Ability to interpret the most important summary measures, Ability to test hypotheses, Ability to model the relationship between quantitative variables by using regression models. Course description Emphasis will be put on the interpretation of various statistical measures and on their proper application in business and economic analyses. The details of computations will only be discussed in some basic situations. Methodology to be used: Lectures and solving exercises will alternate according to needs. This is due to the fact that theoretical knowledge and computational skills mutually assume each other in statistics. The introduction of new elements of theory will usually be followed by solving exercises immediately. This is why the attendance of the classes is strongly recommended. Students, of course, are responsible for anything that are presented, assigned, or announced in the classes. Detailed class schedule, 1st 15th week:

Date of class Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 Week 14 Week 15 Week 16

Topics to be discussed, readings required for the class Introduction to Sampling and Sample Surveys (Sections 7.1-7.3, Chapter 22 from the CD) Sampling Distributions (Sections 7.4-7.6) Quiz 1 Interval Estimation I (Sections 8.1-8.4) Interval Estimation II (pp 340-344, 348-350) Quiz 2 Interval Estimation III (pp 362-364, 378-382) Hypothesis Tests I (Sections 9.1-9.6) Quiz 3 Hypothesis Tests II (Sections 10.1-10.2, 10.4.) Hypothesis Tests III (Sections 11.1-11.2) Chi-Squared Tests and Analysis of Variance (Sections 12.1-12.2, 13.1-13.2) Quiz 4 Simple Linear Regression I. (Sections 14.1-14.3) Simple Linear Regression II. (Sections 14.4-14.6, 14.8-14.10) Simple Nonlinear Regression (Supplement) Quiz 5 Multiple Regression I (Sections 15.1-15.3) Multiple Regression II and Regression Model Building (Sections 15.415.8. and 16.1-16.2) Revision Final exam Make-up exam

Assignments: Quizzes will be set at the beginning of the seminars, in the first 10-15 minutes and, and will only consist of simple questions or exercises covering the material of the previous couple of weeks. Each quiz is worth 6 points, but only the best four scores will count. Quizzes missed by any reason cannot be made up and will be assigned 0 scores. Assessment, grading: The overall course grade will be given based on the scores of five preannounced quizzes and the final exam. The percentage distribution of the final total score of 80 as a maximum is as follows. Item Per cent contribution In terms of points

Class contribution (quizzes): Final exam Total

30 70 100

24 56 80

Quizzes will be set at the beginning of the classes, in the first 15-20 minutes and, will only consist of simple questions or exercises covering the material of the previous couple of weeks. Each quiz worths 6 points, but only the best four scores will count. Quizzes missed by any reason cannot be made up and will be assigned 0 scores. The final exam will cover the material of the whole semester. The repeat exam will cover the whole material also. The score of the repeat exam only replaces the scores earned by final exam papers, but not the scores earned by the best four quizzes. The use of a pocket calculator and a study-aid Statistical Formulas and Tables without any personal notes is allowed on the occasion of writing quizzes and exam papers. The use of any tools during the exam that perform any kind of file transfers or exchange information in any way is prohibited. Exams may also cover all the supplements added verbally to the written course material. The class contributions and exam papers will mainly evaluate your ability to understand the concepts and to interpret the results. Compulsory readings: Text book: Anderson - Sweeny - Williams - Freeman Shoesmith: Statistics for Business and Economics Cengage (formerly Thomson) Learning, 2007 ISBN-13: 978-1-84480-313-2 ISBN-10: 1-84480-313-9 Recommended readings: Very useful Students Resources are available from the website: www.cengage.co.uk/aswsbe

Grading:

GradeConversionTableforFBAProgramsandCoursestaughtinEnglish Percentage HungarianGrade ISP ECTS Explanation Grade achieved Grade 97100 9496 9093 8789 8486 8083 7779 7476 7073 6769 6466 6063 059 5 5 5 5 4 4 4 3 3 3 2 2 1 N A A A B C C C D D D D E FX/F A+ A A B+ B B C+ C C D+ D D F N Excellent Excellent Excellent Verygood Good Good Good Satisfactory Satisfactory Satisfactory Low pass/Sufficient Low pass/Sufficient Fail,0credit Nogradereceived, 0credit

IB grading scale 0-50% fail 51-62% pass 63-74% satisfactory 75-86% good 87-100% excellent