AMA1501/1502

Introduction to
Statistics for Business
Semester 1, 2020/2021
Instructor Information
Instructor Information
Instructor Email Office
Dr. Tai Hoi-lun, Allen allen.tai@polyu.edu.hk TU714

Tutor Information

TA Email Office
Frankie Tsoi frankie.sl.tsoi@polyu.edu.hk TU711
General Information
Objectives
This subject aims to:
i. provide students with a variety of basic techniques in
understanding and interpreting data;
ii. allow students to develop skills in analyzing scenarios and
problems in commerce and industry by applying statistical
methods. The emphasis will be on applications of elementary
statistical methods to commerce and industry.
Intended Learning Outcomes
Upon completion of the subject, students will be able to:
a) use a variety of basic techniques in understanding and
interpreting data;
b) apply elementary statistical methods in analyzing business
scenarios and problems;
c) think critically and creatively about the uses and limitations of
statistical methods in business;
d) use statistical package and interpret the output, appreciate
the applications of information technology for statistical analysis
in business.
Course Materials
Required Text
– Study Guide: Introduction to Statistics for Business, Department of Applied
Mathematics, The Hong Kong Polytechnic University
– Where to buy: TU732, General Office, Department of Applied Mathematics

Course Website
– All lecture notes, exercises, homework and announcements are available
at https://www.polyu.edu.hk/ama/stat/
Course Materials
Reference Books
– Aczel, A.D., Complete Business Statistics, 7th ed., McGraw-Hill, 2009.
– Levin, Richard I. and Rubin, David S., Statistics for Management, 7th ed.,
Prentice-Hall, 1998.
– David S. Moore, George P. McCabe, Bruce A. Craig, Introduction to the
practice of Statistics, 9th ed., W. H. Freeman and Company, 2017.
– McClave, J. T., Benson, P. George and Sincich, Terry., A First Course in
Business Statistics, 8th ed., Prentice Hall, 200
Course Schedule
Week Topic Reading
Week 1 Descriptive Statistics Chapter 1
Week 2 Descriptive Statistics Chapter 1
Week 3 Probability Chapter 2
Week 4 Probability Chapter 2
Week 5 Probability Distributions Chapter 3
Week 6 Probability Distributions Chapter 3
Week 7 Estimation Chapter 4
Week 8 Estimation Chapter 4
Week 9 Hypothesis Testing Chapter 5
Week 10 Hypothesis Testing Chapter 5
Week 11 Chi-square Test Chapter 5
Week 12 Simple Linear Regression Chapter 6
Week 13 Multiple Linear Regression Chapter 6
Midterm Test Schedule
Date Time
Nov 8, 2020 10:00 – 13:00
Assessment
Tasks Weighting
Assignment
Group Presentation 25%
Class Participation in Tutorial Classes
Midterm Test 35%
Examination 40%
• To pass this subject, students are required to pass both the
continuous assessment and the examination components.
Let’s begin!