Course Pre-requisites

BA 3370 (Business Statistics).

Course Objectives

• A survey and analysis of major mathematical and statistical techniques used in business commonly referred to as decision science. The topics covered will be probabilities and probability distributions, utility theory, regression analysis, and linear programming. We will also do some simulations using Excel, such as waiting line models, cash flow models etc.

• I will give daily homework assignments to work out and hand in the next class period. These assignments will be due at the start of the next class. I will also assign some of the case problems from the text, such as "Property Purchase Strategy" on page 135 and "Forecasting Lost Sales" on page 210. These cases will be worth up to 5 bonus points each on the mid-semester exams. It is very important that you do the homework as assigned and read the text. All tests will be closed book and open notes. You may use any material on the test that you have handwritten in your notes, or that I may have passed out. Do not copy (electronically or mechanically) material to bring into the test, and do not use your texts.