SyllabusAD251 (2021 2022)
SyllabusAD251 (2021 2022)
Page 1 of 3
Learning Outcomes:
After completing the course the students should be able to:
1. Generate charts and plots as needed in preparing a business report or be able to
interpret these charts in reading a business report.
2. Use the functions of Microsoft Excel (Relevant statistical formulas, Chart Wizard,
Pivot Table, and Data Analysis Toolpak).
3. Calculate and interpret summary statistics (mean, median, mode, standard
deviation, etc.).
4. Understand the concept of a probability distribution, including the notions of
expected value and variance.
5. Understand and be able to calculate probabilities as needed from commonly used
discreet and continuous probability distributions.
6. Utilize an appropriate sampling method and understand how sample statistics
behave.
Week 2:
Chapter 1: Defining and Collecting Data
Basic terminology and some common applications of Statistics in management and other
fields. Variable types, data sources. Types of sampling methods (probabilistic methods,
non-probabilistic methods).
Week 3:
Chapter 2: Organizing and Visualizing Data
Pie chart, bar chart, frequency table, ordered array, histogram, frequency polygon, stem
plot (stem and leaf plot), contingency table, side-by-side bar chart. Generating
histograms with unequal interval widths will be discussed as extra material.
Week 4 & 5:
Chapter 3: Numerical Descriptive Measures
Mean, geometric mean, median, mode, range, standard deviation, variance, skewness,
kurtosis, interquartile range, quartiles, percentiles, z-score computation, empirical rules,
estimating summary measures from a frequency table.
Week 6:
MIDTERM EXAM WILL BE DUE TO BE UPLOADED TO MOODLE BY NOVEMBER 12 FRIDAY
17:00. MIDTERM 1 COVERS CHAPTERS 1, 2 AND 3.
Week 7:
Chapter 4: Basic Probability
Sample spaces, axioms of probability, conditional probability, Bayes’ theorem, counting
rules (permutations, combinations, factorial).
Page 2 of 3
Ad 251 Syllabus – BU Management
Weeks 8 & 9:
Chapter 5: Some Important Discrete probability Distributions
The notion of Expected Value and Variance of a discreet probability distribution. The
Binomial, Poisson and Hypergeometric distributions. Also the Negative Binomial and
Geometric distributions will be discussed as extra material.
Final exam: Covers Chapters 4-7, Will be given according to the dates
announced by the registrar. (An online exam on moodle at the appropriate slot
assigned by the registrar).
GRADING and other ISSUES:
There will be one midterm exams (40%), and a final exam (60 %). Any announcements
will be made through the class web site, MOODLE or by e-mail (the registration system
will be used to send e-mails but the web site should be checked regularly for
announcements). Your weighted final score will be computed as: 90-100 AA, 85-90 BA,
80-85 BB, 75-80 CB, 70-75 CC, 60-70 DC, 50-60 DD, 0-50 F.
Page 3 of 3
Ad 251 Syllabus – BU Management