statisticalmodels-stevensinstituteoftechnology.docVIP

Stevens Institute of Technology Howe School of Technology Management Syllabus MGT 620 Statistical Models Semester: 2012 Day of Week/Time: Instructor Name Contact Information: Yasuaki Sakamoto ysakamot@ Office Hours: Class Website: Overview This course provides students with a rigorous introduction to the probabilistic and statistical concepts used in day-to-day business decision-making. Topics include numerical methods of descriptive statistics, elements of basic probability theory, discrete probability distributions, continuous probability distributions, sampling and sampling distributions, point estimation, the central limit theorem, interval estimation, sample size determination, hypothesis testing, inferences about the difference between population means, tests of independence of two categorical variables, simple linear regression, multiple regression, dummy variable regression, and the general linear model. Prerequisites: none Relationship of Course to Rest of Curriculum Statistical Models is a core course for all concentrations in the MSM curriculum; it is also a core course in the MBA program for all majors. It is a pre-requisite for MGT623 Financial Management Learning Goals After successfully completing this course, students will be able to Think logically and analytically about quantitatively-based problems in a variety of functional areas such as finance, marketing, marketing research, product design, quality control, and economic forecasting Appreciate both the strengths and limitations of many commonly-used statistical methodologies Reason programmatically in the context of the object-based ‘R’ computer language, both with respect to statistical analysis and to programming Use with confidence and skill a number of powerful, widely-used, and generally-applicable statistical and probabilistic methodologies Think critically and skeptically about statistical ‘findings’ often encountered not only in the workplace but also in the media; that is, to