FACULTY OF BUSINESS
Department of Business Administration
MATH 280 | Course Introduction and Application Information
| Course Name |
Introduction to Probability and Statistics
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
MATH 280
|
Fall
|
2
|
2
|
3
|
6
|
| Prerequisites |
|
|||||||
| Course Language |
English
|
|||||||
| Course Type |
Required
|
|||||||
| Course Level |
First Cycle
|
|||||||
| Mode of Delivery | - | |||||||
| Teaching Methods and Techniques of the Course | Lecture / Presentation | |||||||
| Course Coordinator | ||||||||
| Course Lecturer(s) | ||||||||
| Assistant(s) | ||||||||
| Course Objectives | To provide the fundamental concepts of Probability and Statistics with applications of business and economic problems. Fundamental statistical methods and applications are presented especially for students who want to specialize in areas where data analysis and results need to be interpreted. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | This course investigate probability, discrete and continuous probability distributions. Also, provides constructing the sampling distributions, confidence interval estimation and Hypothesis tests of one and two populations. |
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Describing data: graphical | Newbold P., Carlson W.L., Thorne B., “Describing data: graphical”, chap 1 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 25-62. |
| 2 | Describing data: numerical | Newbold P., Carlson W.L., Thorne B., “Describing data: numerical”, chap 2 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 63-96. |
| 3 | Probability | Newbold P., Carlson W.L., Thorne B., “Probability”, chap 3 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 97-149. |
| 4 | Probability | Newbold P., Carlson W.L., Thorne B., “Probability”, chap 3 in Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 97-149. |
| 5 | Probability | Newbold P., Carlson W.L., Thorne B., “Probability”, chap 3 in Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 97-149. |
| 6 | Discrete Random Variable, Bernoulli and Binomial Probability Distributions, Jointly Distributed Discrete Random Variables | Newbold P., Carlson W.L., Thorne B., “Discrete random variables and Probability Distributions”, chap 4 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 150-200. |
| 7 | Continuous Random Variable, Normal Distribution, Jointly Distributed Continuous Random Variables | Newbold P., Carlson W.L., Thorne B., “Continuous random variables and Probability Distributions”, chap 5 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 201-247. |
| 8 | Sampling, Sampling Distribution of Sample Mean and Sampling Distribution of Sample Proportion | Newbold P., Carlson W.L., Thorne B., “Sampling and sampling distributions”, chap 6 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 248-287. |
| 9 | Midterm | |
| 10 | Estimation: Confidence Interval for Single Population Mean, Confidence Interval for Single Population Proportion and Determining Sample Size | Newbold P., Carlson W.L., Thorne B., “Estimation: single population”, chap 7 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 288-331. |
| 11 | Estimation: Confidence Interval for Two Population Means, Confidence Interval for Two Population Proportions | Newbold P., Carlson W.L., Thorne B., “Estimation: additional topics”, chap 8 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 332-349. |
| 12 | Hypothesis Testing: Single Population Mean and Single Population Proportion | Newbold P., Carlson W.L., Thorne B., “Hypothesis testing: single polulation”, chap 9 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 350-388. |
| 13 | Hypothesis Testing: Two Population Means and Two Population Proportions | Newbold P., Carlson W.L., Thorne B., “Hypothesis testing: additional topics”, chap 10 Statistics for Business and Economics, 10th edition (United States of America: Pearson, 2022), 389-420. |
| 14 | Semester Review | |
| 15 | Semester Review | |
| 16 | Final exam |
| Course Notes/Textbooks | Newbold P., Carlson W.L., Thorne B., Statistics for Business and Economics, 10th edition (Pearson, 2022), ISBN-13:978-1292436845 |
| Suggested Readings/Materials | Lind D., Marchal S., Statistical Techniques in Business & Economics, 17th edition (McGraw-Hill, 2017), ISBN-13: 978-1259666360 |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques |
2
|
20
|
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm |
1
|
30
|
| Final Exam |
1
|
50
|
| Total |
| Weighting of Semester Activities on the Final Grade |
3
|
50
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
50
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
2
|
32
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
2
|
32
|
| Study Hours Out of Class |
14
|
2
|
28
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
2
|
10
|
20
|
| Portfolio |
0
|
||
| Homework / Assignments |
0
|
||
| Presentation / Jury |
0
|
||
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
1
|
28
|
28
|
| Final Exam |
1
|
40
|
40
|
| Total |
180
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To be able to solve problems with an analytical and holistic viewpoint in the field of business administration. |
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| 2 | To be able to present the findings and solutions to the business problems in written and oral formats. |
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| 3 | To be able to interpret the application of business and economic concepts, and philosophies at the national and international levels. |
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| 4 | To be able to use innovative and creative approach for real-life business situations. |
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| 5 | To be able to demonstrate leadership skills in different business situations. |
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| 6 | To be able to interpret the reflections of new technologies and softwares to business dynamics. |
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| 7 | To be able to integrate knowledge gained in the five areas of business administration (marketing, production, management, accounting, and finance) through a strategic perspective. |
|||||
| 8 | To be able to act in accordance with the scientific and ethical values in studies related to business administration. |
X | ||||
| 9 | To be able to work efficiently and effectively as a team member. |
X | ||||
| 10 | To be able to have an ethical perspective and social responsiveness when making and evaluating business decisions. |
|||||
| 11 | To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1). |
|||||
| 12 | To be able to speak a second foreign at a medium level of fluency efficiently. |
|||||
| 13 | To be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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