Course

Business Statistics

Faculty
Commerce & Business Administration
Department
Business
Course Code
BUSN 2429
Credits
3.00
Semester Length
15 Weeks X 4 Hours Per Week = 60 Hours
Max Class Size
35
Method(s) Of Instruction
Lecture
Seminar
Course Designation
None
Industry Designation
None
Typically Offered
To be determined

Overview

Course Description
This course will provide students with an introduction to statistics. Students will learn to solve problems using computer spreadsheets. Topics include measures of central tendency and dispersion, probability, sampling, normal and binomial distributions, confidence intervals and hypothesis testing and regression analysis. Students will be required to have basic Excel skills.
Course Content
  1. Descriptive Statistics:  frequency distributions, graphical displays, measures of central tendency, measures of dispersion.
  2. Probability:  experiments, counting rules, assigning probabilities, events, complement, exclusion, intersection, union, addition law, conditional probability.
  3. Discrete Probability Distributions:  expected value and variance, binomial distribution.
  4. Continuous Probability Distributions:  uniform and normal probability distributions.
  5. Sampling Distributions:  random sampling, sampling distribution of sample mean and sample proportion.
  6. Interval Estimation:  means and proportions, small and large samples, determining sample size.
  7.  Hypothesis Testing:  formulating and testing a research hypothesis, I and II tailed tests about sample mean and proportion, Type I and II error.
  8. Statistical Inference with Two Populations (independent samples):  interval estimation and hypothesis tests for difference between two means and between two proportions.
  9. Computer Analysis with Excel Spreadsheets:  creation of spreadsheets, histograms, frequency tables, scatter charts, interval estimates, and use of probability distribution functions.
  10. Simple Linear Regression:  least squares, model and assumption, R-Squared, prediction.
Learning Activities

Lectures and seminars.

Means of Assessment
Final Exam           30%
Term Examinations (2-3) 40% - 50%
Computer Lab Test   5% - 10%
Assignments (6-12)  15% - 25%
Participation    0% -  5%
          100%

Note:  Students must achieve a grade of at least 50% on the combined examination components to pass the course.

Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.

Learning Outcomes

At the end of the course, the successful student should be able to:

  1. collect statistical data using appropriate sampling techniques;
  2. organize statistical data and calculate measures of central tendency and variation;
  3. calculate the probability of events when they are mutually exclusive, independent and dependent;
  4. use binomial and normal distribution to make probability estimates;
  5. set up confidence intervals for population means and proportions;
  6. use sample information to test statements or claims about parameters;
  7. use computer spreadsheets to solve statistical problems;
  8. use simple regression to determine significance of relationship between two variables.
Textbook Materials

Textbooks and Materials to be Purchased by Students

Donnelly, Robert A. Jr.; Business Statistics, Latest Edition, Pearson; or

Sharpe, Norean R., De Veaux, Richard D. et al. Business Statistics, Latest Edition.  Pearson; or

Other textbooks approved by the department.

Use of only Commerce and Business Administration faculty-approved calculators.

Requisites

Prerequisites

FINC 1231 or (Principles of Math 12 with a C or Pre-Calculus 12 with a C or equivalent) OR currently active in one of the following:
PBD Accounting
PBD Advanced Supply Chain Management
PBD Computer and Information Systems
PBD Digital Marketing
PBD Finance
PBD International Supply Chain Management
PDD Accounting
PDD Accounting Studies
PDD Data Analytics
PDD Financial Analysis
PDD Supply Chain Management

 

For PDD/PBD students who are not required to take FINC 1231 as a pre-requisite in their program, it is recommended that students engage in self-directed studies in Business Math or Algebra prior to taking this course. Free self-directed courses can be found on sites such as Cousera or edX. Free open texbooks can be found on BC Campus and Open Stax.

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca

Institution Transfer Details for BUSN 2429
Acsenda School of Management (ASM) ASM BADM 221 (3)
Alexander College (ALEX) ALEX COMM 291 (3)
Athabasca University (AU) AU MGSC 301 (3)
Camosun College (CAMO) CAMO BUS 230 (3)
Capilano University (CAPU) CAPU BADM 210 (3)
College of New Caledonia (CNC) CNC MATH 157 (3)
Coquitlam College (COQU) COQU STAT 291 (4)
Fairleigh Dickinson University (FDU) FDU QUANT 2029 (3)
Kwantlen Polytechnic University (KPU) KPU BUQU 1230 (3)
Langara College (LANG) LANG STAT 1123 (3)
North Island College (NIC) NIC STA 115 (3)
Simon Fraser University (SFU) SFU BUS 232 (3) or SFU ECON 233 (3) or SFU STAT 101 (3) or SFU STAT 201 (3) or SFU STAT 203 (3)
Simon Fraser University (SFU) DOUG BUSN 2429 (3) & DOUG BUSN 3431 (3) = SFU BUS 232 (4) & SFU BUS 2XX (2)
Simon Fraser University (SFU) SFU ECON 233 (4) & SFU ECON 2XX (2)
Thompson Rivers University (TRU) TRU ECON 2320 (3)
Trinity Western University (TWU) TWU BUSI 275 (3)
University of British Columbia - Okanagan (UBCO) UBCO STAT 121 (3) or UBCO STAT 124 (3)
University of British Columbia - Vancouver (UBCV) DOUG BUSN 2290 (3) & DOUG BUSN 2429 (3) & DOUG BUSN 3431 (3) = UBCV COMM 190 (3) & UBCV COMM 191 (3)
University of British Columbia - Vancouver (UBCV) UBCV COMM 2nd (3)
University of Northern BC (UNBC) UNBC ECON 205 (3) or UNBC STAT 240 (3)
University of the Fraser Valley (UFV) UFV STAT 1XX (3)
University of Victoria (UVIC) UVIC STAT 252 (1.5)
Vancouver Community College (VCC) VCC MGMT 1009 (3)
Vancouver Island University (VIU) VIU QUME 232 (3)

Course Offerings

Winter 2023

CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
12637
Mon
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Law
Instructor First Name
Victor
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
8
Days
Building
Room
Time
Mon
Building
Anvil Office Tower
Room
809
Start Time
11:30
-
End Time
14:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
12638
Mon
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Law
Instructor First Name
Victor
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
8
Days
Building
Room
Time
Mon
Building
Anvil Office Tower
Room
808
Start Time
15:30
-
End Time
18:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
12639
Wed Fri
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Ha
Instructor First Name
Jeffrey
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
17
18
Actual Wait Count
0
Days
Building
Room
Time
Wed Fri
Building
Anvil Office Tower
Room
809
Start Time
8:30
-
End Time
10:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
12640
Wed Fri
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Ha
Instructor First Name
Jeffrey
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
29
6
Actual Wait Count
0
Days
Building
Room
Time
Wed Fri
Building
Anvil Office Tower
Room
809
Start Time
10:30
-
End Time
12:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
14604
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Hamid
Instructor First Name
Bassem
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
10
Days
Building
Room
Time
Wed
Building
Anvil Office Tower
Room
809
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
14717
Thu
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Matheson
Instructor First Name
Laura
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
34
1
Actual Wait Count
2
Days
Building
Room
Time
Thu
Building
Anvil Office Tower
Room
809
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
15082
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Hamid
Instructor First Name
Bassem
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
14
Days
Building
Room
Time
Wed
Building
None
Room
None
Start Time
18:30
-
End Time
21:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
16128
Fri
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Matheson
Instructor First Name
Laura
Course Status
Open
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
32
3
Actual Wait Count
0
Days
Building
Room
Time
Fri
Building
Anvil Office Tower
Room
808
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
16705
Thu
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Solyom
Instructor First Name
Michael
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
34
1
Actual Wait Count
16
Days
Building
Room
Time
Thu
Building
Anvil Office Tower
Room
816
Start Time
8:30
-
End Time
11:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
16706
Thu
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Solyom
Instructor First Name
Michael
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
10
Days
Building
Room
Time
Thu
Building
Anvil Office Tower
Room
816
Start Time
12:30
-
End Time
15:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
CRN
16856
Wed
Start Date
-
End Date
Start Date
End Date
Instructor Last Name
Sveinson
Instructor First Name
Laurie
Course Status
Waitlist
Max
Enrolled
Remaining
Waitlist
Max Seats Count
35
Actual Seats Count
35
0
Actual Wait Count
7
Days
Building
Room
Time
Wed
Building
Online
Room
None
Start Time
18:30
-
End Time
21:20