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Business Statistics - MTH222/1 Fall 2025
Course
Hieu Thi Hoang Nguyen
See in Resources folder
Here is the course outline:
1. Introduction to Business StatisticsDescription: ● Going through the syllabus, Q&A about the assignments; ● Introduction – Statistics, Statistics in Business, Branches in Statistics and Vocabulary in Statistics. Reading: ● L, ch.1 (DV ch.1+2) |
2. DCOVA, Data organization, tables, graphs, chartsDescription: ● Introduction – Data types, collection, cleaning, coding ● Organizing and visualizing data Reading: ● L, ch.1 (DV ch.1+2) ● L, ch.2 (DV ch.3+4) |
3. Numerical descriptive measures (part I)Description: ● (P1) Describing data using basic statistical measures ● (P2) Practicing exercises with given data Reading: L, ch.3 Quiz 1 (closed book) about the first 2 weeks |
4. Numerical descriptive measures (part II)Description: ● (P1) Describing data using basic statistical measures ● (P2) Practicing exercises with given data Reading: L, ch.3 |
5. Probability and probability distributions (I)Description: ● (P1) Conditional probability ● (P1) Practice exercises with given data Reading: L, ch.4,5 (DV, ch.14,15,16,17) Quiz 2 (closed book) about Numerical descriptive measures |
6. Probability and probability distributions (II)Description: ● (P1) Radom variables, normal distribution ● (P2) Practicing exercises with given data Reading: L, ch.6 Midterm revision materials are provided |
7. MidtermMidterm exam (closed book) covers all contents from week 1 to week 6 calculators will be provided |
8. Linear regression (part I)Description: ● (P1+2) Introducing linear regression – basic theory, how does it work Reading: L, ch.12 (DV, ch.8) |
9. Midterm Break |
10. Linear regression (II)Description: ● (P1) Further discussing about linear regression – practical application, creating simple models, reality check ● (P2) Exercise practice Reading: L, ch.12 |
11. Sampling and sampling distributionQuiz 3 (close book) about Linear Regression Description: ● Sampling and sampling distribution Reading: L, ch.7+8 (DV, ch.18+19) |
12. Confidence interval estimationDescription: ● (P1) Confidence interval estimation ● (P2) Exercise practice Reading: L, ch.7+8 (DV, ch.18+19) |
13. Hypothesis testing (I)Quiz 4 (close book) about Sampling and Confidence interval estimation Description: ● (P1) Introducing hypothesis testing – concept and steps ● (P1) z-test of hypothesis for population mean ● (P2) Exercise practice Reading: L, ch.9 |
14. Hypothesis Testing (II)
Dec 7
Description: ● (P1) t-test of hypothesis for population mean ● (P2) practicing exercises Reading: L, ch.10 Final exam revision materials are provided |
15. Final examFinal exam (closed book, 1-sided handwritten cheat sheet) covers all contents after midterm |