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BUS308 Statistics for Managers
essential Text
Bowerman, B. L., OConnell, R. T., Murphree, E., and Orris, J. B. (2012).
Essentials of Business Statistics (4th ed.). New York, NY: McGraw-Hill. ISBN:
9780073401829
Week One
Required Readings
Chapter 1: An institution to Business Statistics
Chapter 2: Descriptive Statistics: Tabular and Graphical Methods
Chapter 3: Descriptive Statistics: Numerical Methods
Discussions
Performance Report. You are the manager at a company and are asked to
present a melodic theme on the year-to-date performance of your division. What
type of statistical information would you accept in your report? In
particular, which descriptive statistics (mean, median, standard deviation,
etc.) do you phone would best represent the main aspects of the
performance of your division? What types of lifelike presentation
(histogram, dot plot, stem-and-leaf, bar chart, etc.) would you include?




Explain your reasoning.
The Empirical hulk vs. Chebyshevís Theorem. Discuss how the Empirical
Rule works and how it relates to the bell wreathe as illustrated in Figure 3.14
(a). Then, explain Chebyshevís Theorem and how it is dissimilar from the
Empirical Rule. Give a specific example of a population with which the
Empirical Rule might be intimately effective and one with which Chebyshevís
Theorem might be most effective.

Quiz
1. referable Day 6. Week One Quiz. Complete the quiz on the assigned readings
for the week.
Assignments
Week One Problems. Complete the following problems from the textbook
and cut in them as a Word file.
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