University of Massachusetts – College of Management

Managerial Statistics: MSIS 111L-04 (8738) / Spring 2020

Thursdays 5:30PM - 8:15PM / McCormack M02-0116 / Lab TBD

Instructor: Prof. Michael Doto

Office: M-5-236
Office Hours: Wednesdays 2-4pm
Phone: 617-645-2451
E-mail: Michael.Doto@umb.edu

I. Organization

A. Prerequisites
Prerequisite: MATH 129, Pre-Calculus
Corequisite: MSIS 110, Introduction to Computers & Information Systems

B. Required Materials

Textbook information:
Anderson, Sweeney, Williams, Camm, Cochran, Modern Business Statistics with Microsoft Office Excel,
6th Edition, Cengage Learning, 2018. ISBN-10: 1-337-11518-5 or ISBN-13: 978-1-337-11518-6.
Book Companion Site (data files): https://www.cengage.com/cgi-
wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781337556712&token=954E41F7D
CFD3BC1A9652FE5B06C723BC68EEA496A4FBC6EE954E850DF673F5D63586625BDEE0B97ADA482BC04B
B828EB911CC4CEBD6B05AD0B9E3D21C8B5EA039D85A30B39C35AA

Khan Academy: www.KhanAcademy.org, Class code: 77DEF27C

Zoom classes: Please download and import the following iCalendar (.ics) files to your calendar system.
Weekly: https://umassboston.zoom.us/meeting/vJMlf-6rrjIs-96Yxn-
MybENdMlAYC3_Mw/ics?icsToken=98tyKuivpjMtGdSctl_9f6ovW9r_bPHIkTwX_JpFklLIGiJ2TAfbO
sN7EeFAPc-B
Join Zoom Meeting: https://umassboston.zoom.us/j/178873096
Meeting ID: 178 873 096

II. Purpose

The overall goal of the course is to provide the student with the basic knowledge of statistical
approaches used in managerial decision-making. The objective is not to teach the derivation
or justification of the techniques, but rather their use in decision-making within an uncertain
environment. Major emphasis will be given to those concepts and approaches with which the
student will most need to function at the concentration level and as a graduate. Also, the
student will gain hands on experience with the statistical computer software in order to
analyze and solve real-world business problems.

III. Learning Experiences

 Lectures accompanied by classroom discussion.

 Textbook readings including theory and solved problems to reinforce the understanding of
course concepts.
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 Homework problems to help understand the material.
 Statistical computer software applications and solutions.

IV. Skill Development

Computer application and proficiency, analytical skills and critical thinking will be
emphasized and assessed through homework problems, computer applications, classroom
discussion and tests.

V. Course Objectives

 Acquaint the students with statistical approaches and their relevance for use in managerial
decision-making.
 Develop the students’ ability to appreciate the use of statistics for problems in various
management disciplines.
 Develop the students’ skill to an adequate level so that they will be able to appreciate
both the power and the limitations of statistical analysis as well as statistical software.
 Develop the students’ ability to raise and answer “what if” types of questions that a
manager should be able to ask with regard to the application of statistics.
 Acquaint the students with statistical computer software packages that they can use to
analyze and solve real-world business problems.
 Provide the foundation for a number of topics taught at the concentration level for
different disciplines.

VI. Course Procedures

Students are expected to attend all classes. Material may be covered in class that is not
covered in depth in the book. If a student does miss the class, s/he is responsible for
obtaining any notes, handouts, assignment changes, or administrative notices from the other
students. Missing a class will not be accepted as an excuse for late assignments or for not
knowing changes in the course administrative details. Attendance and participation may be
taken into account when assigning final course grades in borderline cases. My policy for
attendance is the following: You are allowed 6 excused absences or 3 weeks off from the
class, but any absence after that, you will not get 10% for attendance.

Incompletes will be given rarely, and only in circumstances that are acute and could not have
been foreseen. Note that UMass course procedures require that a student be passing the
course at the time the incomplete is given.

This course will involve three in-class tests, a final exam and one presentation. Make-up tests
will be given only in exceptional circumstances, and must be arranged in advance. Test dates
will not change except under unusual circumstances, and any such change will be announced
at least a week in advance in class and via email. It is the student’s responsibility to know
when and where tests and classes will be held.

The course is governed by the UMass regulations and procedures regarding Academic
Standards, Cheating, Plagiarism, and the Documentation of Written Work as published in the
Undergraduate Catalog. Students caught cheating or plagiarizing will flunk the course and
will have a description of the incident attached to their academic records. Other helpful
information regarding the course and college policies can be found at
http://www.mgmt.umb.edu/academicres.html.
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VII. Evaluation and Grading Requirements

Quizzws/Tests 1, 2 & 3 are 10% each for a total of 30%

Homework 20%
Attendance and Participation 20%
Khan Academy modules 15%
Cumulative Final 15%

Notes on Grading:
1. All tests are open book and there will be review of the material.
2. The due dates for homework will be set on blackboard and they are usually midnight the
day prior to class.
3. Note that attendance and participation are co-requirements.
4. The Case study is from the back of the chapter and you will be given a number in class.
You may choose a partner for this project. You are to create a PowerPoint presentation
with an abstract of your case, relating it to the material in the chapter and the answers to
the questions posted for each case. Limit your presentation to 12-15 slides with
references and great presentation skills.
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VIII. Tentative Course Calendar: Note that the homework problems listed are just examples and the
actual assigned problems may vary.

Week #/Date Submit by Blackboard Due Date

1 / Jan 30 Introduction to Statistics Read Chapter 1 Pg 27 #3
Pg 30 #15
2 / Feb 6 Charts & Graphs Read Chapter 2 Pg 61 #11
Pg 63 #19
3 / Feb 13 Descriptive Statistics Read Chapter 3 Pg 170 #69
Pg 172 #73
4 / Feb 20 Review Chapters 1-3 Quiz 1 on Chapters 1-3

5 / Feb 27 Probabilities Read Chapter 4 Pg 196 #19

Pg 220 #51
6 / Mar 5 Discrete Distributions Read Chapter 5 Pg 241 #15
Pg 243 #21
7 / Mar 12 Continuous Distributions Read Chapter 6 Pg 303 #9
Pg 305 #19
8 / Mar 19 Spring Break

9 / Mar 26 Review Chapters 4-6 Quiz 2 on Chapters 4-6

10 / Apr 2 Sampling and Sampling Read Chapter 7 Pg 330 #11

Distributions Pg 343 #23

11 / Apr 9 Statistical Inference - Read Chapter 8 Pg 385 #27

Estimation for Single Pg 391 #37
Populations
12 /Apr 16 Statistical Inference – Read Chapter 9 Pg 427 #13
Hypothesis Testing for Single Pg 442 #37
Populations

13 / Apr 23 Simple Regression Analysis & Read Chapter 14 Pg 631 #3

Correlation Pg 697 #61

14 / Apr 30 Review – Decision Analysis & Quiz 3 on Chapters 7-9 & 14

Sample Survey Techniques

15 / May 7 Khan Academy modules due Review for Final

16 / TBD Cumulative Final