Introduction to Statistics

Study Board of Business Economics

Teaching language: English
EKA: B220024402
Censorship: Second examiner: None
Grading: 7-point grading scale
Offered in: Soenderborg
Offered in: Spring
Level: Bachelor

Course ID: B220024401
ECTS value: 5

Date of Approval: 18-09-2020


Duration: 1 semester

Course ID

B220024401

Course Title

Introduction to Statistics

Teaching language

English

ECTS value

5

Responsible study board

Study Board of Business Economics

Date of Approval

18-09-2020

Course Responsible

Name Email Department
Nils Karl Sørensen nks@sam.sdu.dk Institut for Virksomhedsledelse og Økonomi, Center for Turisme, Innovation og Kultur, Econometrics and Economic History

Offered in

Soenderborg

Level

Bachelor

Offered in

Spring

Duration

1 semester

Recommended prerequisites

Mathematics level B from secondary school.

Aim and purpose

The objective of this course is to provide the student with statistical tools for solving problems within the area of business administration. The objective is also to give the student an understanding of the interaction between statistics and economic problems. 

The course gives the student skills in both fundamental techniques of data processing and presentation, and in concepts and methods to be used in analysis of data with a view to solving economic problems. The acquired skills can be used in several subsequent subjects. For example, they may form the basis for constructing hypotheses putting them to the test to compare the impact of e.g. advertising campaigns, surveys of the distribution of newspaper advertises during a specific period, modelling of portfolios, surveys of the demand for tourist travels, etc. Emphasis is on giving the student an understanding of statistical methods in interaction with processing using statistical calculation software.

Content

The following topics are addressed in order to achieve the objectives of the course.

Descriptive statistics
•Selection of samples - simple random method
•Central tendency, variation, skewness and extremes 

Discrete and continuous distributions
•Including Binomial, Poisson and Normal distribution
•Variance-covariance of a set of stochastic variables 

Confidence intervals and hypothesis testing for
•Mean value and variance 
Analysis of cross tables and goodness-of-fit tests 

One-tailed variance analysis 

Simple and multiple Methods in regression. 

Learning goals

The student should be able:

Description of outcome - Knowledge

To apply statistical methods and tools on frequently occurring issues within the fields of business and economics.

Description of outcome - Skills

  • To be able to describe, analyze and interpret a statistical dataset by use of statistical applications or packages like for example the add-in “Analysis Tool Pack” to Excel or the add-in “Megastat” to Excel
  • To be able to apply statistical methods in order to investigate issues in sociology, business and economics including to analyze specific issues by use of a given dataset
  • To be able to describe relevant parts of the dataset by descriptive statistical tools 
  • To be able to formulate hypotheses onrelevant relations known from business and economics
    -To be able to select and apply relevant methods in order to examine and evaluate the validity of statistical hypotheses
    -To be able to provide a relevant interpretation of the applied analyses in a written context

Description of outcome - Competences

To be able to discuss the assumptions and limitations of the selected statistical methods, and to validate the applied statistical method relative to the issued being addressed. 

Literature

Bowerman, O'Connell, Orries & Porter "Essentials of Business Statistics", McGraw-Hill, latest edition. 

Supplementary readings: Erik M. Bøye, "Statistics Companion", Guide for use of textbooks in Statistics, Swismark.

Teaching Method

IT is used as an integral part of the teaching, based on both the “Analysis Tool Pack” add-in in the Excel spreadsheet. Subsidiary the add-in Megastat or similar can be used.

The students acquire knowledge of the subject area through independent literature studies supported by lecture sessions aiming to provide an overview of the area and links between different parts of the subject. The lectures are also used to enhance the textbook explanations of particularly difficult topics. 

The students develop skills in applying the scientific methods used in the field by working with assignments in the subject. This process is facilitated by exercise sessions enabling students to debate issues when solving assigned problems and get feedback on their own work. 

Workload

Scheduled classes:

2 lectures and 2 exercise sessions per week for 15 weeks.

Workload:
Students will be required to do 135 hours of work, which is expected to be spent as follows:
•Lectures: 30 hours
•Exercise sessions: 30 hours
•Preparations for exercise sessions and lectures:  50 hours
•Take home assignment: 25 hours.

Examination regulations

Exam

Name

Exam

Timing

Exam: June.
Reexam: August.

For students taking the course as a supplementary course after admission to the master's program the following applies:
The student must pass the exam no later than 6 months after commencing his/her studies

Tests

Exam

Name

Exam

Form of examination

Home assignment

Censorship

Second examiner: None

Grading

7-point grading scale

Identification

Student Identification Card - Exam number

Language

English

Duration

48-hours take-home exam.

Length

No limit.

Examination aids

All exam aids allowed.

Assignment handover

Digital hand-out via "Digital Exam".

Assignment handin

Digital submission via "Digital Exam".

ECTS value

5

Additional information

Examination form may be altered for the reexamination. 
A change in the examination form will be announced no later than 14 days prior to the re-exam.

EKA

B220024402

External comment

NOTE - This course is identical with the former course 83306301 Supplementary course in Statistics.
Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.

 

Courses offered

Period Offer type Profile Programme Semester
Spring 2021 Mandatory Supplering - alle byer / E19 - F20 - E20 - F21 - E21 - F22 MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Odense, Kolding
Spring 2021 Exchange students

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