ECON 1203 Homework Week 1

Read the Course Outline from front to back.

Do the assigned reading from the textbook.
Watch the following two YouTube videos available on Moodle:
o Arthur Benjamin: Teach Stats before calculus!
o Why You Need to Study Statistics
Get yourself logged onto MyStatLab.
On MyStatLab Multimedia Resources, find and view the following Business
Insight video:
o Statistics help decision making under uncertainty
On MyStatLab Multimedia Resources, find and view the following two
technology videos (for each, choose the video for the version of Excel you
have access to either 2010 or 2013), and then install the Data Analysis
Toolpak on your computer if possible:
o Introduction to Excel with Data Analysis Toolpak
o Histogram
Read the Tufte excerpt on graphical excellence available on Moodle.
On MyStatLab Multimedia Resources, find and view the following two
StatTalks videos with Andrew Vickers:
o What is an average?
o When should you use a mean and when should you use a median?
Go onto the Figuring it Out Moodle site, and find and view the following
animated video:
o Lighting Up Statistics Why use the median? (available under the
Describing Data section)