Course Outline

School: Department: Program: Course Title: Course Code: Total Course Hours: Prerequisites/Co-requisites:
Quantitative Methods 1 BUSN 225 60 MATH 106, Mathematics of Finance or Equivalent School of Business Accounting

Eligible for Prior Learning Assessment and Recognition: Originated by: Revised by: Date: Effective Semester: Approved by:

Yes Victor Sousa Victor Sousa September 2011 Fall 2011

________________________________________ Chairperson/Dean

Students are expected to know the contents of the course outline and to discuss with the professor any areas where clarification is required. Students should keep all course outlines for each course taken at Centennial College. These may be used to apply for transfer of credit to other educational institutions. A fee may be charged for additional or replacement copies.

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

Course Description
In this course, School of Business students, using calculators, apply statistical and other quantitative techniques to business problems and interpret the solutions for improved decisionmaking. Measures of central tendency and of dispersion, probabilities, confidence intervals and hypothesis testing are among the techniques used.

Course Learning Outcomes

The student will reliably demonstrate the ability to: 1. Prepare descriptive statistics and summary graphical representations of source data in either grouped or ungrouped format. 2. Determine the probability of events involving: a) Single, mutually exclusive and/or independent outcomes using Relative Frequency and Classical approaches. b) Standard normal distributions of continuous variables. 3. a) Estimate confidence limits of population means and proportions. c) Estimate minimum appropriate sample sizes for confidence limit surveys. 4. Perform Hypothesis Test estimations of population means and proportions.

Essential Employability Skills (EES)

The student will reliably demonstrate the ability to: 1. communicate clearly, concisely and correctly in the written, spoken, and visual form that fulfills the purpose and meets the needs of the audience. 2. respond to written, spoken, or visual messages in a manner that ensures effective communication. 3. execute mathematical operations accurately. 4. apply a systematic approach to solve problems. 5. use a variety of thinking skills to anticipate and solve problems. 6. locate, select, organize, and document information using appropriate technology and information systems. 7. analyze, evaluate, and apply relevant information from a variety of sources. 8. show respect for the diverse opinions, values, belief systems, and contributions of others. 9. interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals. 10. manage the use of time and other resources to complete projects. 11. take responsibility for ones own actions, decisions, and consequences.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

Prior Learning Assessment & Recognition (PLAR) Process(es):

This course is eligible for prior learning assessment. The challenge process is as follows: 1. All Students must contact their BUSN225 professor or the Chair of the Information Systems Department within the first two weeks of the course. In order to qualify for a PLA challenge, a student must provide: (a) Documentation of course content previously covered, and (b) Evidence of performance at an appropriate level. The PLA assessment will consist of: (a) (b) Written (hard copy or computer-based) comprehensive examination and, optionally, An interview

2.

3.

Text and Other Instructional/Learning Materials

1. BASIC STATISTICS FOR BUSINESS & ECONOMICS, 3rd Canadian Edition, Lind, Marchal, Wathen and Wait, McGraw-Hill Ryerson (2009) ISBN-13: 978-0-07-1057127 A calculator with at least the square root and exponentiation functions and memory.

2.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

Evaluation and Grading System

Two criteria are used to determine whether a student has achieved a passing grade in this course:
(a) (b) An overall 50% success rate based on the grading system below AND A 50% success rate in the combined test/exam component of the course (marked with an asterisk *)

Evaluation Description
Assignments/quizzes/cases Mid-Term Test* Comprehensive Final Examination*

Weight /100
20 40 40 100

A grade of A or B in this course could provide the student with a CGA exemption. See the Accounting Chair for details.

Mid-term Test Format:

(a) Covers course materials from weeks 1 7. (b) The test is closed book with a formula sheet provided.

Comprehensive Final Examination Format:

(a) (b) (c) (d) Covers all material in the course. More than 50% of the exam will be based on materials following week 7. The test is closed book with a formula sheet provided. Daytime faculty will administer a common final for all students in day time sections of the course.

In consultation with the Chair or Dean, a faculty member or instructor may administer additional or alternative evaluations to fully assess the capability of a student. When writing a test or examination, students must put their official photo-ID cards in full view for review by the invigilator. Students who do not have official photo-ID will be permitted to write the examination with a substitute photo-ID, but they will be required to produce photo-ID at the program or department office within 24 hours or the next business day following the examination, or else the examination results will be void.

Student Accommodation:
All students have the right to study in an environment that is free from discrimination and/or harassment. It is College Policy to provide accommodation based on grounds defined in the Ontario Human Rights Code. Accommodation may include changes or modifications to standard practices. This document is available in alternative formats upon request. Please contact the originating department or school of study.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

Students with disabilities who require academic accommodations must register with the Centre for Student with Disabilities. Please see the Centre for Students with Disabilities for details. Students requiring accommodation based on human rights grounds should talk with their professors as early as possible. Details are available on the Centennial College website (www.centennialcollege.ca ). If students are unable to write an examination due to a medical problem or unforeseen family problems, they should immediately contact their professor or program Chair for advice. In exceptional and well documented circumstances (e.g. unexpected family problems, serious illness, or death of a close family member), students should be able to write a make-up examination to replace an examination missed.

Use of Dictionaries
Students are permitted to use a bilingual paper dictionary during tests and exams. The invigilator reserves the right to examine the dictionary for any supplemental notations. There is to be no use of electronic devices including dictionaries.

Course Policies
Mid-term Test and Final Examination Instructions:
(a) All tests are closed book with a formula reference sheet provided. (b) Only non-programmable (numeric memory, not text memory) calculators may be used. The invigilator may inspect your calculator and calculator case. (c) Students whose primary language is not English are permitted to bring a paper bilingual dictionary into the test room, provided the invigilator examines the dictionary to determine that it does not contain any supplemental notations. (d) No electronic dictionary, cell phone, palm pilots, ear device, head sets or any other electronic device of any kind is allowed during the exam. (e) If you wish to know the time, bring a watch. Clocks or cell phones are not permitted.

Student Rights and Responsibilities

Students should familiarize themselves with all College Policies that cover students rights and responsibilities. For more information on the following and other policies, please visit www.centennialcollege.ca/aboutus/respect or consult the Academic Matters Section in the fulltime and Continuing Education catalogues. Respect at Centennial At Centennial College, we are committed to providing a safe and respectful learning, teaching and working environment for all students, faculty and staff that promotes equity. Policies have been put in place to ensure that Centennial is a place that demonstrates respect and consistency with the Ontario Human Rights Code. All incidents of harassment, discrimination, bullying and violence will be addressed and responded to. As a college, we take the position that all forms of harassment, including personal harassment and bullying, must be stopped. Please refer to www.centennialcollege.ca/aboutus/respect and www.stopbullyingnow.ca .

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

Academic Honesty Academic honesty is integral to the learning process and a necessary ingredient of academic integrity. Students have a responsibility to be aware of and comply with standards of academic conduct. Academic dishonesty includes cheating, plagiarism, and impersonation. All of these occur when the work of others is presented by a student as their own and/or without citing sources of information. Breaches of academic honesty will be investigated and if warranted appropriate remedies and penalties will be applied, which may include a failing grade on the assignment/course, suspension or expulsion from the college. Grades Appeal Students and faculty have rights and responsibilities in the Grades Appeal process. Students who need to appeal a grade should consult the Grades Appeal policy and procedures. Progression and Academic Standing Students are expected to meet the academic standards of their School or program. The academic standing of each Centennial student is monitored during as well as at the end of each semester. Any student not demonstrating satisfactory progress will be informed of his/her standing in the College and will receive academic advising within their School. Unsatisfactory academic performance may result in conditional academic standing, probation or suspension.

Faculty Support
Professors are available to see students outside of class time. Students can contact professors via voice mail, email, or through their program or department office. Information regarding how to contact teachers will be provided at the beginning of the course and is also available in the program or department office.

Campus Safety
Students must produce official photo identification at any time during the semester when requested to do so by any college staff.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

Topical Outline
WEEK
1

TOPICS
Introduction to the Course. Introduction to Statistics

READINGS/ MATERIALS
Introduction. Chapter 1.

WEEKLY LEARNING OUTCOMES

Why study statistics? Types of statistics: descriptive & inferential Types of variables Levels of measurement Ethics and statistics Constructing a frequency distribution Graphic presentation of data Quantitative data Relative frequency distribution Graphic presentation of a frequency distribution Stem and Leaf Displays Population and sample mean Properties of the arithmetic mean Weighted mean Median & Mode The relative positions: mean, median & mode Other measures of dispersion: Quartiles, Deciles and Percentiles

INSTRUCTIONAL STRATEGIES
Lecture

COURSE EVALUATIONS

Describing Data: Frequency Distributions and Graphic Presentation.

Chapter 2.

Lecture.

3 Describing Data: Numerical Measures

Chapter 3.

Lecture.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

WEEK
4

TOPICS
Describing Data: Numerical Measures (contd)

READINGS/ MATERIALS
Chapter 3

WEEKLY LEARNING OUTCOMES

Why study dispersion? Measures of dispersion Interpretation and uses of the standard deviation Relative dispersion: coefficient of variation Skewness: Pearsons coefficient of skewness The Mean, Median and Standard Deviation of Grouped Data What is a probability Approaches to probability Principles of counting Some rules for computing probabilities Contingency tables Tree diagrams The family of normal probability distributions The standard normal distribution

INSTRUCTIONAL STRATEGIES
Lecture.

COURSE EVALUATIONS
Assignment 1: (on-line) Frequency distributions and graphs Measures of Central Tendency and Variability.

A Survey of Probability Concepts.

Chapter 4

Lecture.

The Normal Probability Distribution.

Chapter 6

Lecture.

Assignment 2: Probability (on-line) Probability distributions (essay).

Probability Distributions. Review for the Mid-Term Test. Mid-Term Test

Mid-Term Test.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

WEEK
9

TOPICS
Sampling methods and the central limit theorem

READINGS/ MATERIALS
Chapter 7.

WEEKLY LEARNING OUTCOMES

Sampling methods Sampling error Sampling distribution of the sample mean Using the sampling distribution of the sample mean Sampling distribution of the proportion Point estimates and confidence intervals for a mean Confidence interval for a proportion Finite-population correction factor Choosing an appropriate sample size What is a hypothesis? What is hypothesis testing? Five-Step procedure for testing a hypothesis One-tailed and two-tailed tests of significance Testing for a population mean with a known population standard deviation Testing for a population mean: population standard deviation unknown Tests concerning proportions

INSTRUCTIONAL STRATEGIES
Lecture.

COURSE EVALUATIONS

10-11

Estimation and Confidence Intervals.

Chapter 8.

Lecture.

Assignment 3: (essay) Confidence Intervals.

12-13

Introduction to Hypothesis testing.

Chapter 9.

Lecture.

Assignment 4: (essay) Hypothesis Testing.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

Quantitative Methods 1

CENTENNIAL COLLEGE

BUSN 225

WEEK
14

TOPICS
Review for Final Test.

READINGS/ MATERIALS

WEEKLY LEARNING OUTCOMES

INSTRUCTIONAL STRATEGIES
Lecture.

COURSE EVALUATIONS

15

Final Test.

Final Test.

Rev. COLT: May 2010

THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar)

10