Welcome to Pstat5E: Statistics with Economics and Business Applications

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Welcome to Pstat5E Statistics with Economics
and Business Applications
Syllabus

• Yuedong Wang

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Course Logistics

• Location BRDA 1610, TR 1200-145pm
• Instructor Yuedong Wang
• Office 5509 South Hall
• Phone [phone]
• E-mail yuedong_at_pstat.ucsb.edu
• Office hour MF 1100 - 1200
• Teaching Assistants Brianna Briggs, Biliana
  Bagasheva, Anna Chernobai, Michael Grebeck, Eli
  Kollman, Jeongjun Lee, Joao Rosario, Sarani Saha

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Course Logistics

• Text Book
• A Brief Course in Business Statistics, 2nd
  Edition, by William Mendenhall, Robert J. Beaver
  and Barbara M. Beaver. Duxbury, ISBN 0534381308.
• Calculator You will need a basic calculator and
  bring it to all lectures, discussions, quizzes
  and exams.

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Purposes and Topics

• Purpose of this class The aim of this course is
  to introduce basic concepts of probability and
  statistics so that one is able to understand and
  perform simple data analysis. The emphasis will
  be on concepts and problem solving rather than on
  theory.
• Topics Descriptive methods, graphs, measures of
  central tendency and spread, probability, random
  variables, mean and variance, binomial and normal
  distributions, confidence intervals, hypotheses
  testing, correlation and regression.

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Teaching Assistant and Discussions

• We do several things in the two-hour weekly
  discussions
• Quizzes which consists of problems selected from
  the previous week's Homework assignment.
• Students and the TA work through a Practice Quiz.
• Students are encouraged to request the TA's help
  with homework problems during Discussion.
• You must attend Discussion Sections each week,
  where quizzes are given. TA's hold individual
  office hours and you are encouraged to go to ANY
  of those for help, not just your TA. There will
  be NO Discussion this week. No discussion next
  Monday.

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Homeworks and quizzes

• Homeworks will be assigned in classes but will
  not be collected. There will be a 15-25 minutes
  quiz almost every week during Discussion Sections
  based on homework problems assigned in the
  previous week. These quizzes will be graded and
  will count towards the final grade.
• Exams
• Midterm Tuesday, Feb. 14, 2006, 1230-145 pm
• Final Monday, March 20, 2006, 1200-300 pm

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Course Grading

• The final grade will be based on a curve of
  the overall score computed as follows
• Quizzes 30
• Midterm 30
• Final 40
• No make-up or early exams. No make-up
  quizzes. The single lowest Quiz score is dropped
  in the calculation of the course grade.

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Class Web Pages

• ERes The official site is http//eres.library.ucsb
  .edu. The password is crash".
• My Web page I have also created a web site,
  http//www.pstat.ucsb.edu/faculty/yuedong/5E/5E.ht
  mYou can find the following on the above sites
• Timely course announcements
• TA office hours and locations, and email
  addresses
• Discussion section times and locations
• Class schedule and notes
• Homework, quizzes, exams and their solutions
• Practice exams with solutions
• Class rules
• How to do well in this class

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Academic Honesty

• You are expected to abide by the academic
  honesty code as stated in the UCSB General
  Catalog on all work for this course. In
  particular, during the exams and quizzes, you are
  required to work alone and for only the specified
  time period.
• The penalty for the first offense of academic
  misconduct in this class will be a score of zero
  on the exam or quiz. The second offense will
  result in a failing grade in the course and may
  result in a referral to the academic judiciary.

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Procedures if you suspect your work hasbeen
graded incorrectly

• Every effort will be made to mark your work
  accurately. You should be credited with all the
  points you've worked hard to earn! However,
  sometimes grading mistakes happen. If you believe
  that an error has been made on your exam, return
  the exam to the TA immediately, stating your
  claim in writing. Your TA will then pass the
  script to me and I will re-grade the entire
  paper. Please note that grades can go down as
  well as up or remain the same.
• Under no circumstances will a midterm paper
  that has been taken away from class be re-marked.

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Extra Help

• CLAS Campus Learning Assistance Service offers
  tutoring in small groups for this class
• Private Tutors we recommend graduate students
  from the Department of Statistics, if you really
  want to hire a private tutor

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Work Load

• This is a 5-unit course and therefore,
  according to University regulations, it carries a
  workload of about 15 hours per week. This
  includes lectures and discussion sections. The
  remainder of the time being private study.

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How to do well in the class

• Statistics is a problem-solving subject.
  Practice in problem solving, and completing and
  understanding the assigned reading and homework
  are essential to success on the exams.
  Suggestions for success in the class
• Attend all lectures. I will not read from the
  book and you will not necessarily find the
  examples from lecture in the textbook.
• Attend all discussion sections where quizzes are
  given.
• Take all quizzes and exams.

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How to do well in the class

• Do the reading before attending lecture.
• Do the homework. Do your own work. You may
  discuss problems with classmates, but don't copy
  from them. Compare homework answers with
  solutions posted on the web sites.
• Study and practice solving problems before taking
  quizzes and exams.
• Spend 15 hours each week.