ECO391,
Statistics for
Business
and Economics
SPRING
2003
Professor
Gail Hoyt
| Current Announcements | Lectures:
391-007: 2:00-3:15 PM Mon/Wed BE308 |
| Previous Announcements | |
| Lecture Overheads | Office: 335D BE |
| Office Hours: 11:00 AM -12:15 PM Monday | |
| Assignments and Handouts |
2:00 - 2:30 PM Tuesday
11:00 AM - 12:15 PM Wed. 2:00-2:30 PM Thursday or by appointment |
| The Syllabus | Phone: 257-2517 e-mail: ghoyt@uky.edu |
| Information Sheet |
Special Feature:
Thinking about preparing for the job market? Take a look at this!!!!!
Employee
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Undergraduate
Programs in the Department of Economics
Announcements for Wednesday,
April 9, 2003
For Monday:
• Homework Set 9 due
• Complete pink sheet practice
problems for in class exam 2 review
For Today:
• Further discussion of Adjusted
R-Squared and an example
• Lecture on 17.2 Dummy Variables
• Lecture on 16.4 the F-test
Announcements for Monday,
April 7, 2003
For Wednesday (April 9):
Read 16.4 and 17.2
Homework Set 8 Due
For Monday (April 14):
Work pink review
sheet problems
Will review during
class
Homework Set 9 over
dummy variables – due
For Wednesday (April 16):
Exam II during class
For Today:
Return Homework set
7 and key
Lecture:
16.3, Adjusted R2
15.9 The Correlation
Coefficient
16.5 Multicollinearity
Announcements for
Wednesday, April 2, 2003
For Monday, April 7
– read 15.9, 16.3, and 16.5
For Wednesday, April
9 – read section 17.2
Homework
Set #8 Due
Today:
Reading Excel and STATA
output
Practice interpreting
output
15.5 Standard Errors
15.6 Hypothesis testing
for regression coefficients
15.7 Confidence intervals
for regression coefficients
Announcements for Monday,
March 31
One new
handout: blue – excel output
For Wednesday:
Read 15.5, 15.6 and 15.7
For Today:
Submit Homework set #7 and Course evaluations
Lecture:
Excel regression output - how to do regression using analysis
using excel
15.4. Explanatory Power of the Linear Regression Model
A. Decomposition of the Variance in Y
B. The Coefficient of Determination
C. An Alternative Formula
Announcements for Wednesday, March 26, 2003
Two new handouts:
Ivory – lecture handout for
today and next time
Green – homework set 8
For Monday:
Homework set 7 due
Read 15.4 if you have not
Some time to work in groups
For Today:
Lecture over 15.3 and 16.1
The Method of Least Squares – to estimate a
regression model and
Multiple Regression Models
I. What is The Method of Least Squares(Ordinary Least
Squares)
A. Theory
B. Formula
C. Application
II. Standard Error of the Estimate
III. Multiple Regression Analysis
Announcements for Monday,
March 24, 2003
Change date of second exam
from April 9 to April 16
For Wednesday: read
15.3 and 15.4
Three new handouts:
Green – homework
7
Pink – next stage
of project
Yellow – key to practice
questions at back of blue lecture handout
For Today:
-Discuss next stage of
group project
-Review lecture from last
class period – look at some practice problems
-New Lecture-The Simple
Linear Regression Model
page 10 – 15 of lecture
handout
Announcements for Wednesday March 12, 2003
For the Monday after break: Read 15.3
Work practice problems 1-9 at the end
of the lecture packet
For today:
Return Homework set 6
Lecture: Introduction to regression analysis
(sections 15.1 and 15.2)
Announcements for Wednesday, March 5, 2003
For Monday: Group Project Due and Read
15:1 in text
Today: ANOVA (Chapter 14)
Wednesday, February 26th
Exam I was given on Wednesday, February 26
Monday, February 24
we reviewed for the exam
Wednesday, February 19th
we finished chapter 13 lecture over section 13.2
Monday, February 17th
class we cancelled due to the ice storm
On Wednesday, February 12
lecture covered section 13.1 in the text
Announcements for Monday, February 10, 2003
For Wednesday: Read section 13.1 in text
For Today:
Return Homework Set 3 and Homework Set 4
Collect Homework Set 5
Lecture Over Section 12.1 Tests Involving two Population
Parameters
Divide into Project Groups
Take first look at project data
Lecture Overheads for Wednesday, February 5, 2003
For Monday, February 10:Read 12.1 and 12.2, Homework
set 5 due, Will return HW set 4
For Today: -return HW set 3 -Chapter
11: Hypothesis Testing
V. Hypothesis tests for ? when population variance
in not known, the population is normal, and n < 30.(11.5)
VI. Tests of the population proportion, p (11.6)
Finish going through ECO391 Student Survey Results
Lecture Overheads for Monday, February 3, 2003
For Wednesday, February 5:
No new reading – complete survey
For Today:
-Collect Homework Set 4
-Homework set 5 due date changed
to Monday 2/10
-Chapter 11: Hypothesis Testing
-Review what is hypothesis testing?
(11.1)/ Four steps of hypothesis testing. (11.1)
III. Hypothesis tests for ? when population
is normal and population variance is known (11.2)
IV. Hypothesis tests for ? when population variance
in not known, but sample is large (n>30) (11.4)
V. Hypothesis tests for ? when population variance
in not known, the population is normal, and n < 30.(11.5)
Go through ECO391 Student Survey Results
VI. Tests of the population proportion, p (11.6)
Announcements for Wednesday, January 29, 2003
For Monday, February 3:
Reading assignment: “Hypothesis Testing”
Chapter 11.5 and 11.6
Homework set 4 Due
For Today:
-Return Homework Set 1
-Return Homework Set 2
-Collect Homework Set 3
-Finish Chapter 10 – Confidence Intervals
-Chapter 11 Lecture Outline: Hypothesis Testing
I. Introduction - what is hypothesis testing? (11.1)
II. Four steps of hypothesis testing. (11.1)
III. Hypothesis tests for ? when population is normal
and population variance is known (11.2)
(Probably will get about this far today)
IV. Hypothesis tests for ? when population variance
in not known, but sample is large (n>30) (11.4)
V. Hypothesis tests for ? when population variance
in not known, the population is normal, and n < 30. (11.5)
VI. Tests of the population proportion, p (11.6)
Announcements for Monday, January 27, 2003
For Wednesday, January 29:
Reading assignment: “Hypothesis
Testing” Chapter 11.1, 11.2 11.4.
Homework 3 over Sampling Distributions
is Due
For Today:
-Return Homework Set 1
-Collect Homework Set 2
-Finish Chapter 9 – Sampling Distribution
Lecture
-Today’s Chapter 10 Lecture Outline:
I. Defining a
confidence interval for ?
II. Steps in constructing
a confidence interval for ?
A. If population
standard deviation, ?, is known and population is normal.
B. If population
standard deviation, ?, is not known, but sample size is large.
III. Two desirable features of
a confidence interval
IV. Factors affecting the width
of a confidence interval
V. Student’s t-distribution
Announcements for Wednesday, January 22, 2003
• For Monday, January 27 – homework set 2 due
• Reading - Chapter 10 “Confidence Intervals”:
10.1, 10.2, and 10.3.
For Today:
• Collect remaining info sheets
• Discuss homework 1 and collect
• Chapter 9 lecture on Sampling Distributions
• Assign 3rd homework assignment
Lecture Outline for Today:
Discuss and Collect Homework 1
Sampling Distributions – Chapter 9
I. Working with a population
II. Finding a sampling distribution (approximate)
III. Two Important Characteristics of a Sampling Distribution
IV. The Central Limit Theorem
V. A summary of some facts about sampling distributions
(pp.303 and 306)
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Handouts
from Week of Janaury 15th
Information
Sheet Due: Wednesday, January 22, 2003
Homework
set 1 Due: Wednesday, January 22, 2003
Homework
set 2 Due: Monday, January 27, 2003
Handouts
from Week of Janaury 20th
Lecture
Handout for Wednesday, January 22, 2003
Homework
set 3 Due: Wednesday, January 29, 2003
Handouts
from Week of Janaury 27th
Lecture
Handout for Monday, January 27, 2003
Homework
set 4 Due: Monday, February 3, 2003
Lecture
Handout for Wednesday, January 29, 2003 (and Mon. 4/3 and Wed. 4/5)
Homework
set 5 Due: Monday, February 10, 2003
Handouts
from Week of February 3rd
ECO391
Student Survey - Preliminary results and variable descriptions
ECO391
Student Survey - Actual Survey Instrument
Handouts
from Week of February 10th
Lecture
Handout for Monday, February 10, 2003
Homework
set 6 Due: Wednesday, February 19, 2003
Data
for Group Projects
Handouts
from Week of February 17th
Lecture
Handout for Wednesday, February 19, 2003
Homework
set 5 KEY
Exam
I Review Information Sheet
Handouts
from Week of March 3rd
Lecture
Handout for Wednesday, March 5, 2003
Handouts
from Week of March 10th
Lecture
Handout for Wednesday, March 12, 2003
Handouts
from Week of March 24th
Homework
set 7 Due: Monday, March 31, 2003
Homework
set 8 Due: Wednesday, April 9, 2003
Lecture
Handout for Wednesday, March 26 and For Monday, March 31, 2003
Handouts
from Week of March 31st
Lecture
Handout for Wednesday, April 2, 2003
Handouts
from Week of April 7
Lecture
Handout for Mon, April 7 and Wed, April 9, 2003 (ivory)
Homework
set 9 Due: Monday, April 14, 2003 (green)
Exam
2 information sheet and review questions (pink)
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