Econ 3788 (CRN: 33794)             Syllabus, Summer 2021            Dr. Usip
: Web-based                               May 17, 2021 to July 3, 2021

INSTRUCTOR: Ebenge Usip, Ph.D.
Office: DeBartolo, Room 307 Phone: (330) 941-1682. E-mail:
Office Hours: MWF 2 - 3pm. TR 10 - 12noon Meeting Platform – WebEx or Office
Homepage Address:
Information about the class, supplementary materials, etc., will be posted at my website and in Blackboard.

Text: Statistics for Business and Economics, Special Ed. - by Anderson, Sweeney & Williams.
Supplements: Web Tutorials available at & Blackboard.
Prerequisite: MATH 1501, or a level 3 or higher on the math placement exam.

Students will learn basic statistical concepts and techniques for analyzing business and economic data. Emphasis will be placed on applied statistics as it relates to the collection, organization, analysis, and interpretation of data. Because the real world in which decisions are made is replete with uncertainty, the treatment of probability theory and distributions is thus a necessary way to control and quantify uncertainty in decision-making. At the end of the course, students should have a good understanding of the potential as well as the limitations of statistics in the process of making practical business and economic decisions.

Attendance is strongly encouraged; make-up examination will be not administered. You are responsible for all materials presented in Blackboard and my Homepage. Check my Blackboard and Homepage regularly for announcements, handouts, practice problems and solved discussion problems.

It will be possible to earn a total of 500 points on exams, and quizzes. There will be two 1-hour exams worth l00 points each (total of 200 points), five 25-minute quizzes worth 30 points each (total of 150 points), and a 2-hour final exam worth l50 points. Your final grade will be assigned according to the following scale:

A: 85% - 100%
B: 75% - 84%
C: 65% - 74%
D: 55% - 64%
F: 54% & below.

See the Announcement page for a detailed explanation of the grading scale. Incomplete grade (I) is possible ONLY if you have a passing grade at the time of the final AND you are unable to complete the course work for a legitimate, verifiable reason.

Quizzes (150 pts): Conceptual Questions + Problem Solving (30 points x 5).
Midterm Exam 1 (
100 pts): Multiple Choice (60 pts.) + Problem-Solving Questions (40 pts.)
Midterm Exam 2 (100 pts): Multiple Choice (60 pts.) + Problem-Solving Questions (40 pts.)
Final Exam (
150 pts): Multiple Choice (100 pts.) + Problem-Solving Questions (50 pts.)

Quizzes and exams will test your understanding of statistical concepts and your ability to apply them to solve real-world problems using standard formulas and graphs similar to the text examples as well as the solved problems in the PPT slides. Because the focus is on applied statistics, you must be able to interpret the results you obtain from hand-calculation in the context of decision-making since the course is applied oriented.

You are expected to take all quizzes and exams at the scheduled times. A make-up is possible only if I judge your reason for missing the quiz/exam to be valid (to be sure, valid excuses do not include sleeping in, forgetting, not knowing, vacation trips, etc.). You must have either my prior consent to be allowed to take a make-up or notify me within 24 hours (by phone/voice mail, email, or in person) if you miss an exam due to an emergency. A written statement from a physician or other documentation of your circumstances may be required. A make-up may be different and challenging than the regularly scheduled quiz/exam and will be administered at a time and location designated by me.

If you are caught cheating on an exam, quiz or assignment, you will be given a failing grade for the course and may be referred for disciplinary action (see the University’s Policy on Academic Honesty/Plagiarism in the Undergraduate Bulletin). The Student Code of Conduct requires that we behave in a manner that is conducive to a productive teaching/learning environment. This means that we should treat each other with mutual respect and conduct ourselves in such a way that we do not interfere with one another’s ability to concentrate and pay attention.

In accordance with University procedures, if you have a documented disability and require accommodations to obtain equal access in this course; please contact me privately to discuss your specific needs. You must be registered with the Center for Student Progress Disability Services, located in Kilcawley Center Room 2082, and provide a letter of accommodation to coordinate reasonable accommodations. You can reach CSP Disability Services at 330-941-1372.

CSP is a resource on campus established to help students successfully complete their university experience. Peer tutors are available to help you review course material and prepare for exams. Call 330-941-7253 for more information. CSP is located is located in Kilcawley below the YSU bookstore.


Week of:

Chapters, Quizzes & Exams

May 17:  WK. 1

Syllabus: Explanation of Grading Policy and Format for Exams & Quizzes.

Chapter 1: Meaning & Branches of Statistics, Types of Data & Variables, and
                  the Process of Inferential Statistics in Decision-making.
Chapter 2: Descriptive Statistics - Graphical Methods
       Quiz 1 (chs. 1, 2): Friday, May 21             (25 minutes)           8am to 9pm
Audio/Video Lectures 1, 2, 3, 4, & 5

May 24:  WK. 2

Chapter 3: Descriptive Statistics – Numerical Methods
       Quiz 2 (ch. 3): Friday, May 28                  (25 minutes)           8am to 9pm
Audio/Video Lectures 1, 2, 3, & 4

May 31:  WK. 3

Chapter 4: Probability - Basic Concepts, Theorems, and Rules
       Exam 1 (chs. 1, 2, 3, 4): Friday, June 4     (60 minutes)          8am to 9pm
Audio/Video Lectures 1, 2, 3, & 4

June 4:   WK. 4

Chapter 5: Discrete Probability Distributions - Uniform & Binomial
       Quiz 3 (ch. 5): Friday, June 11                  (25 minutes)           8am to 9pm 
Audio/Video Lectures 1, 2, & 3    

June 14:  WK. 5

Chapter 6: Continuous Probability Distributions - Uniform & Normal
       Quiz 4 (ch. 6): Wednesday, June 16         (25 minutes)           8am to 9pm     
Chapter 7: Sampling & Sampling Distributions
       Exam 2 (chs. 5, 6, 7): Friday, June 18      (60 minutes)           8am to 9pm  
Chapter 6: Audio/Video Lectures 1, 2, & 3    
Chapter 7: Audio/Video Lectures 1, 2, & 3       

June 21: WK. 6

 Chapter 8: Interval Estimation. 
       Quiz 5 (ch. 8): Friday, June 25                (25 minutes)             8am to 9pm
 Audio/Video Lectures 1, 2, & 3                         

June 28: WK. 7

Chapter 9: Hypothesis Testing
Audio/Video Lectures 1, 2, 3, & 4    
Final Exam (chs. 7, 8, 9): July 2, Friday for 120 minutes              8am to 9pm



Monday 5/17: First Day of Classes.
Thursday 5/20: Last Day to Add Classes or Change Grading Option.
Sunday May 23: Last Day to withdraw and receive !00% refund
Monday 5/24: First day to withdraw with a grade of W
Sunday 6/13: Last day to withdraw with a grade of W
Friday 6/25: Last day to apply for summer graduation
Saturday 7/3: Summer 1 term ends 

(Approved by the Executive Committee of the Academic Senate, July 28, 2020)

The following policy applies and shall be enforced during the current coronavirus pandemic as

recognized by the State of Ohio. As a consequence of the current coronavirus pandemic, students are expected to abide by all safety and health policies implemented by the University’s Office of Environmental Occupational Health and Safety as well as all applicable local, state, and federal mandates. Currently, the City of Youngstown and the State of Ohio mandates a face covering/mask in public spaces. Consistent with federal, state and local guidelines, University Health Guidelines require that all individuals within campus buildings, including students, properly wear face coverings except when working alone within an enclosed area. Face coverings are in addition to maintaining appropriate social distancing when possible. Exceptions to wearing a face covering in a classroom or laboratory must be for justifiable reasons as approved by the Office of Disability Services ( Repeated violations of any coronavirus safety and health policy shall be handled in accord with The Student Code of Conduct (

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Copyright© 1996, Ebenge Usip, all rights reserved.
Last revised: Friday, May 14, 2021.