Statistics for Business and Economics

By Lecturer: SUONG SAVOEUN

Contact: 012 206688 / 015 811722
Email: suong.savoeun@gmail.com
 Reference:

• DOUGLAS A. LIND - WILLIAM G. MARCHAL - SAMUEL A.

WATHEN, Statistical Techniques in Business & Economics,
Seventeenth Edition, McGraw-Hill Education, 2 Penn Plaza,
New York, NY 10121, Copyright © 2018.

• Anderson - Sweeney - Williams, The Modern Business

Statistics, THOMSON South-Western, 2nd Edition, USA, 2006,

• Michael C. Fleming – Joseph G. Nellis, The Essence of

Statistics for Business, Prentice Hall Series, 2nd Edition, USA
 Course Outline
▪ Chapter 1: Data and Statistics

▪ Chapter 2: Frequency Distribution and Graph Presentation

▪ Chapter 3: Describing Data

▪ Chapter 4: Discrete Probability Distribution

▪ Chapter 5: Normal Probability Distribution

▪ Chapter 6: Linear Regression

▪ Chapter 7: Index Numbers

Chapter 1: Data and Statistics

• Explain why knowledge of statistics is important.

• Define statistics and provide an example of how
statistics is applied.
• Differentiate between descriptive and inferential
statistics.
• Classify variables as qualitative or quantitative, and
discrete or continuous.
• Distinguish between nominal, ordinal, interval, and
ratio levels of measurement.
Chapter 2: Frequency Distribution
and Graph Presentation

• Understand how to organize data into a frequency

distribution.

• Understand how to convert the frequency

distribution into a histogram, polygon, and
cumulative polygon.

• Understand how to present data by using such as

line charts, bar charts, and pie charts.
Chapter 3: Describing Data

• Calculate the arithmetic mean, weighted mean,

median, mode, and geometric mean.

• Compute and interpret the range, mean deviation,

variance, and standard deviation.

• Understand the characteristics, uses, advantages,

and disadvantages of each measurements.
Chapter 4: Discrete Probability Distribution

• Identify the characteristics of a probability

distribution.

• Know and calculation the Binomial distribution,

Hypergeometric distribution and Poisson
distribution.

• Compute the expect value, variance and standard

deviation.
Chapter 5: Normal Probability Distribution

• Describe the characteristics of a normal probability

distribution.

• Describe the standard normal probability

distribution and use it to calculate probabilities.

• Approximate the binomial probability distribution

using the standard normal probability distribution.
Chapter 6: Linear Regression

• Explain the purpose of correlation analysis.

• Calculate a correlation coefficient to test and

interpret the relationship between two variables.

• Apply regression analysis to estimate the linear

relationship between two variables.
Chapter 7: Index Numbers

• Compute and interpret a simple, unweighted index.

• Compute and interpret an unweighted aggregate

index.

• Compute and interpret a weighted aggregate index.

• List and describe special-purpose indexes.

• Apply the Consumer Price Index (CPI).

Evaluation

• Attendant 10
• Assignment/Quiz 20
• Midterm Review 25
• Final examination 45
• TOTAL 100 / 100
• Pass 60 / 100