General Learning Goals
• Problem solving and decision-making abilities through critical analysis, evaluation, and interpretation of business information. Problem solving skills and interpretation of results will be assessed on each of the two exams and the final exam.
Course Specific Learning Goals
After completing this course, students should be able to:
• Summarize data using descriptive statistics.
• Understand the appropriate methodology for computing all statistical measures covered in this course.
• Apply basic statistical measures to the solution of structured business problems and interpret results.
• Understand how to compute probabilities for various events.
Final Course Grade Determinants
There will be two regular examinations and a final examination given during the semester.
Examination #1 100 points
Examination #2 100 points
Homework 100 points
Final Examination 200 points
Total 500 points
Grading and Evaluations
Each student’s semester average will be computed by dividing his/her total points earned during the semester by the total possible points (i.e., 500). Semester averages are computed to three decimal places and then rounded to the nearest whole number before comparison to the following grading scale (the rounding process is explained in following section).
Superior 90% to 100% A
Above Average 80% to 89% B
Average 70% to 79% C
Below Average 60% to 69% D
Failing 59% and Below F
A. Rounding Procedure
If the fractional part of your semester average is 0.1 or higher, the average will be rounded up. If the fractional part is less than 0.1, the average will be rounded down. The following examples may help your understanding.
Example 1: A semester average of 69.01% will be rounded up to 70%. Using the grading scale above, a letter grade of “C” would be assigned.
This rounding procedure will be followed precisely as explained and no exceptions will be made.
B. Exam Format
Each regular exam and the final exam will contain a varying mixture of the following types of questions: (1) Multiple Choice Problems, (2) Unstructured Problems (in which you must develop your entire solution), and (3) Short Discussion Questions (in which you must develop and write your answer).
Consistent with the university attendance policy, students are expected to attend all class meetings for this course. (Midwestern State University Undergraduate Catalog, Vol. LXXVII, No. 1, 2008-2010, p.90.)
Each meeting of this class will run for 80 minutes unless otherwise notified by the instructor. So as not to disturb the class, you are not to walk into or out of the classroom during the class period except for an emergency.
Arriving Late – A student who arrives late for class 4 times will be sent an administrative warning. Two additional late arrivals may result in the student being administratively dropped by the instructor. A student who comes to class after the roll has been taken will be considered absent unless the student notifies the instructor after class.
Missing Class – An administrative warning will be issued to a student who is absent from class 4 times. If the student misses 2 additional classes, the instructor may administratively drop the student from class. With no advance notice, a student who misses 4 consecutive class meetings will be administratively dropped from the course unless the student consults with the instructor.
Electronic Devices – The following policies apply to all electronic devices such as cell phone, beepers, pagers, etc.
1. All electronic devices must be turned off during class time.
2. Cell phones must not be used as calculators during exams.
3. Cell phones must be turned off and stored in a pocket, purse, or notebook during all exams.
4. No cell phone calls may be made or received during class time.
5. Two electronic disruptions during class will result in a warning and any additional disruptions will result in the student being administratively dropped from the class.
If a student misses a regularly scheduled test, then the final exam will serve as the make-up for the missed test. There are no exceptions to this policy.
General Test Grading Policy
The purpose of an exam is to measure your understanding of the principles and concepts underlying each problem or question on the exam. What exactly does this mean to you?
 You will be required to show the logic of your solution to each unstructured problem. While the calculator is an excellent tool for assisting you in solving problems, it is your reasoning and thinking that I am interested in measuring. In order to receive full credit, you must clearly show me both the logic and the answer.
 You will be expected to answer all discussion questions concisely and thoroughly. Your answer must be constructed in an understandable manner using reasonable grammar and correct spelling. Furthermore, your answer must actually answer the question asked.
 Multiple choice questions, if used, will be designed to have (1) only one absolutely correct answer or (2) only one “most correct” answer. If a question actually has more than one correct answer, grading adjustments will be made to reflect this situation. If the student shows the correct steps to solve a multiple choice problem but misses the answer, then partial credit may be awarded for correct logic. The decision to award partial credit depends on the value of the question.