Economic and Business Statistics II

Course Description

Continuation of ECO 250. Inference about population variance, inference about two populations, analysis of variance, bivariate regression, and multiple regression with empirical applications to business and economics using statistical software. Prerequisite: Any one of the following: ECO 250, PSC 301, PSY 211, SOC 302, STA 271, STA 290, or STA 352.

Syllabus

Student Learning Outcomes, Goals, Objectives:

Students successfully completing this course will be able to:

  • Describe and explain statistical methods to compare two populations.

  • Describe and explain single and multiple linear regression methods in business and economics.

  • Apply confidence intervals, hypothesis testing, and linear regression models to empirical problems in business and economics.

  • Interpret the results of these statistical models.

  • Use Excel and STATA as a tool for implementing these statistical methods.

  • Get acquainted with the causal inference methods commonly used in academia, government, and the private sector.

Course Grading Information:

Activity/Performance Measure

Percentage/Points

MindTap homework assignments

20%

Canvas quizzes

10%

Data project

10%

Midterm exam

25%

Final exam

35%

Percentage

Letter Grade

93% +

A

90% - 93%

A-

87% - 90%

B+

83% - 87%

B

80% - 83%

B-

77% - 80%

C+

73% - 77%

C

70% - 73%

C-

67% - 70%

D+

63% - 67%

D

60% - 63%

D-

- 60

F

Attendance/Participation:

Attendance is not required but students who attend and participate in class discussions will earn up to 5 points added to their final grade.

Course Materials Purchased by the Students:

All students are required to purchase access to MindTap, Cengage’s online learning platform. The platform will be used for homework assignments and includes access to a digital version of the main course textbook - Essentials of Modern Business Statistics with Microsoft Excel (9th ed.).

Scholarly Perspectives

This course engages diverse scholarly perspectives to develop critical thinking, analysis, and debate and inclusion of a reading does not imply endorsement.