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Course DescriptionThis course applies quantitative reasoning skills to business problems. Students learn to analyze datausing a variety of analytical tools and techniques. Other topics include formulas, visual representation ofquantities, the time value of money, and measures of uncertainty.Course Topics & ObjectivesWeek One: Working With Numbers and Formulas • Write mathematical expressions and equations for word problems. • Apply the rules for order of operations, including exponents, in solving problems. • Identify dependent and independent variables and their relationships.Week Two: Business Applications I • Solve simultaneous equations algebraically. • Use time series data to forecast. • Convert data to indexes.Week Three: Visual Representation of Quantities • Construct histograms and bivariate plots. • Determine the value of a slope by using the slope-intercept formula. • Conduct a linear regression analysis.Week Four: Time Value of Money • Calculate the time value of money.Week Five: Decision Making With Uncertainty • Construct a frequency distribution. • Compare and contrast measures of central tendency (mean, median, and mode) and measures of dispersion (range and standard deviation). • Construct a normal distribution.Week Six: Business Applications II • Apply quantitative reasoning to business problems.Course MaterialsLial, M., Hestwood, D., Hornsby, J., and McGinnis, T. (2010). Quantitative reasoning for business (custome e-text). Boston, MA: Pearson/Addison-WesleySevilla, A. and Somers, K. (2007). Quantitative reasoning: Tools for today’s informed citizen (1st ed.). Emeryville, CA: Key College Publishing
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All electronic materials are available on your student Web site.Point Values for Course AssignmentsASSIGNMENTS PointsIndividual (70%)Week 1: Participation & Discussion Questions 4Week 1: Week One Practice Problems 2Week 1: Week One Quiz 1Week 2: Participation & Discussion Questions 4Week 2: Week Two Practice Problems 4Week 2: Week Two Quiz 3Week 3: Participation & Discussion Questions 4Week 3: Week Three Practice Problems 4Week 3: Week Three Quiz 3Week 3: Forecasting with indices 4Week 4: Participation & Discussion Questions 4Week 4: Week Four Practice Problems 4Week 4: Week Four Quiz 3Week 5: Participation & Discussion Questions 4Week 5: Week Five Practice Problems 4Week 5: Week Five Quiz 3Week 6: Final Examination 15Learning Team (30%)Week 2: Inventory System Summary 4Week 3: APA Style 1Week 4: Week Summary 1Week 5: Inventory Proposal 10Week 6: Executive Management Presentation 14Total 100
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Week OneWorking With Numbers and Formulas • Write mathematical expressions and equations for word problems. • Apply the rules for order of operations, including exponents, in solving problems. • Identify dependent and independent variables and their relationships.Course Assignments Readings • Read Ch. 1–3 of Quantitative Reasoning for Business. Due Day 1 (Tuesday): Respond to the Check-In thread in the Main forum and the Welcome message in your Individual forum. This does not count towards your participation. Due Day 2 (Wednesday): Post your Bio to the Chat Room forum. This does not count towards your participation. Discussion Questions (4 points). Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Due Day 6 (Sunday): Individual Assignment – Week 1 Practice Problems (2 points). Complete the Week One Practice Problems in MyMathLab ®. Due Day 6 (Sunday): Individual Assignment – Week 1 Quiz (1 point). Complete the Week One Quiz in MyMathLab®. Due Day 6 (Sunday): Learning Team Charter. Post your final Learning Team Charter to your Learning Team Forum.Weekly RemindersDiscussion QuestionsDiscussion question responses will count towards the class participation requirement.Only posts in the Main classroom forum will count towards your class participation score.ParticipationAll Week: Remember to participate in the class discussions 4 out of 7 days during the week.Summary of Week 1 Deliverables Assignment Individual or Location Due
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Learning TeamParticipation Individual Main On-going 4 days per weekCheck-in Individual Main TuesdayBio Individual Chat Room WednesdayLT Charter Learning Team Learning Team SundayPractice Problems Individual MyMathLab SundayQuiz Individual MyMathLab Sunday
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Week TwoBusiness Applications I • Solve simultaneous equations algebraically. • Use time series data to forecast. • Convert data to indices.Course Assignments Readings • Read Ch. 12 of Quantitative Reasoning for Business. • Read Topics 5 & 8 of Quantitative Reasoning. Discussion Questions (4 points). Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Due Day 6 (Sunday): Individual Assignment – Week 2 Practice Problems (4 points). Complete the Week Two Practice Problems in MyMathLab ®. Due Day 6 (Sunday): Individual Assignment – Week 2 Quiz (3 points). Complete the Week Two Quiz in MyMathLab®. Due Day 7 (Monday): Learning Team Assignment (4 points). Inventory Systems Summary. The purpose of this assignment is to prepare for subsequent assignments in this course. Post your final answer in an Assignment Page of the team. Learning Team Evaluations are due Day 7 in your Individual forum. Please note that posts made to the Learning Team forum do not count toward participation. • Research one inventory system per team member used in an organization with which you are familiar. • Collect four years of inventory data from each organization. • Collaborate as a team to compare the inventory systems. • Write a summary which includes: o 250- to 350-word description of each inventory system. o 350- to 700-word comparison describing the advantages and disadvantages of each system. • Format your summary consistent with APA guidelines.Weekly RemindersDiscussion QuestionsDiscussion question responses will count towards the class participation requirement.
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Only posts in the Main classroom forum will count towards your class participation score.ParticipationAll Week: Remember to participate in the class discussions 4 out of 7 days during the week.Summary of Week 2 Deliverables Assignment Individual or Location Due Learning TeamParticipation Individual Main Ongoing – 4 days per weekPractice Individual MyMathLab SundayProblemsQuiz Individual MyMathLab SundayLT Evaluation Individual Individual MondayLT Assignment Learning Team Assignment Page Monday
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Week ThreeVisual Representation of Quantities • Construct histograms and bivariate plots. • Determine the value of a slope by using the slope-intercept formula. • Conduct a linear regression analysis.Course Assignments Readings • Read Ch. 6 & 9 of Quantitative Reasoning for Business. • Read Topics 2–3 & 5 of Quantitative Reasoning. Discussion Questions (4 points). Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Due Day 6 (Sunday): Individual Assignment – Week 3 Practice Problems (4 points). Complete the Week Three Practice Problems in MyMathLab ®. Due Day 6 (Sunday): Individual Assignment – Week 3 Quiz (3 points). Complete the Week Three Quiz in MyMathLab®. Due Day 7 (Monday): Individual Assignment. (4 points). Forecasting with Indices. Post your answers in your Assignment page. • Resources: Week Two assignment, and University of Phoenix Material: Summer Historical Inventory Data • Select University of Phoenix Material: Summer Historical Inventory Data to complete this assignment. • Convert the data into an index. • Use the time series data from your index to forecast inventory for next year. • Format your assignment consistent with APA guidelines. Due Day 7 (Monday): Learning Team Assignment. (1 point). APA Style. Post your final answer in an Assignment Page of the team. Learning Team Evaluations are due Day 7 in your Individual forum. Please note that posts made to the Learning Team forum do not count toward participation. • Resources: Go to http://www.apastyle.org . Click the Learning APA Style tab. Click The Basics of APA Style. Click View the tutorial. OR
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Go to the Center for Writing Excellence and reference the MS Word Formatting Tutorial or use Riverpoint Writer. Click on the Library tab. Select Center for Writing Excellence. Click on Tutorials & Guides on the left side of the page. For Riverpoint Writer, scroll down to APA Information. For the MS Word Formatting Tutorial, scroll down to Software Tutorials and Guides. • Cut and Paste the following sentences in MS Word. Fill up the space in each of the following sentences: 1. The title page includes a page number in the -----------. The header on each page should include a shortened form of the title on the -------------- side and the page number on the ----------- side. 2. To properly cite a quotation, you must provide the ------------. 3. The preferred font is ------------ point Times New Roman, Arial, or Courier. 4. The margins should be --------- inch on all sides. 5. All text within the paper is ------------spacedWeekly RemindersDiscussion QuestionsDiscussion question responses will count towards the class participation requirement.Only posts in the Main classroom forum will count towards your class participation score.ParticipationAll Week: Remember to participate in the class discussions 4 out of 7 days during the week.Summary of Week 3 Deliverables Assignment Individual or Learning Location Due TeamParticipation Individual Main Ongoing – 4 days per weekPractice Problems Individual MyMathLab SundayQuiz Individual MyMathLab SundayIndividual Assignment Individual Assignment MondayLT Evaluation Individual Individual MondayLearning Team Assignment Learning Team MondayAssignment Page
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Week FourTime Value of Money • Calculate the time value of money.Course Assignments Readings • Read Topic 9 of Quantitative Reasoning. • Review the Time Value of Money multimedia on your student website. Discussion Questions (4 points). Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Due Day 6 (Sunday): Individual Assignment – Week 4 Practice Problems (4 points). Complete the Week Four Practice Problems in MyMathLab ®. Due Day 6 (Sunday): Individual Assignment – Week 4 Quiz (3 points). Complete the Week Four Quiz in MyMathLab®. Due Day 7 (Monday): Learning Team Assignment (1 point). Summary. Post your final answer in an Assignment Page of the team. Learning Team Evaluations are due Day 7 in your Individual forum. Please note that posts made to the Learning Team forum do not count toward participation. • Discuss at least 3 lessons that you learned this wee. You should address the topics in the reading, assignments, and class discussions that were especially meaningful to your. • Explain why these lessons are important to you. You should discuss how you would apply these lessons to your learning process or your workplace. • List one area of difficulty. How did you overcome it. • Summary should be at least 300 words in length.Weekly RemindersDiscussion QuestionsDiscussion question responses will count towards the class participation requirement.Only posts in the Main classroom forum will count towards your class participation score.ParticipationAll Week: Remember to participate in the class discussions 4 out of 7 days during the week.
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Summary of Week 4 Deliverables Assignment Individual or Location Due Learning Team Ongoing – 4 days perParticipation Individual Main weekPractice Problems Individual MyMathLab SundayQuiz Individual MyMathLab SundayLT Evaluation Individual Individual Forum MondayLearning Team Learning Team Assignment Page MondayAssignment
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Week FiveDecision Making With Uncertainty • Construct a frequency distribution. • Compare and contrast measures of central tendency (mean, median, and mode) and measures of dispersion (range and standard deviation). • Construct a normal distribution.Course Assignments Readings • Read Topics 11, 16, 17, & 21 of Quantitative Reasoning. • Review Topic 2 of Quantitative Reasoning. Discussion Questions (4 points). Discussion question responses will count towards the class participation requirement. Only posts in the Main classroom forum will count towards your class participation score. Due Day 6 (Sunday): Individual Assignment – Week 5 Practice Problems (4 points). Complete the Week Five Practice Problems in MyMathLab ®. Due Day 6 (Sunday): Individual Assignment – Week 5 Quiz (3 points). Complete the Week Five Quiz in MyMathLab®. Due Day 7 (Monday): Learning Team Assignment (10 points). Inventory Proposal. Post your final answer in an Assignment Page of the team. Learning Team Evaluations are due Day 7 in your Individual forum. Please note that posts made to the Learning Team forum do not count toward participation. • Resources: Week Two Assignment, and University of Phoenix Material: Summer Historical Inventory Data • Select an inventory management problem that applies to your work or personal life. • Prepare a project proposal in which you: o Describe the organization, the inventory problem it faces, and the expected benefits that are motivating the organization to implement a solution. o Convert time series data from the University of Phoenix Material: Summer Historical Inventory Data to seasonal indices. o Use seasonal indices to analyze the inventory data. 1. Use the slope-intercept formula to determine the annual increase in inventory. Provide monthly seasonal indices for the given data. Identify the busy months of year. 2. Identify the slow months of year.
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o Construct a histogram of the inventory data using Microsoft ® Excel®. o Forecast the future inventory costs using time value of money concepts. • Format your proposal consistent with APA guidelines.Weekly RemindersDiscussion QuestionsDiscussion question responses will count towards the class participation requirement.Only posts in the Main classroom forum will count towards your class participation score.ParticipationAll Week: Remember to participate in the class discussions 4 out of 7 days during the week.Summary of Week 5 Deliverables Assignment Individual or Location Due Learning TeamParticipation Individual Main Ongoing – 4 days per weekPractice Problems Individual MyMathLab SundayQuiz Individual MyMathLab SundayLearning Team Individual Individual MondayEvaluationLearning Team Assignment Learning Team MondayAssignment Page
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Week SixBusiness Applications II • Apply quantitative reasoning to business problems.Course Assignments Readings • Review Topics 11 & 21 of Quantitative Reasoning. Due Day 7 (Monday): Individual Assignment – Final Examination (15 points). • Resources: MyMathLab® and Quantitative Reasoning for Business • Click the link to the Final Examination on your student website available from the end of Week Five through the end of Week Six. • Complete the Final Examination. You are allowed one attempt to complete the exam, which is timed and must be completed in 3 hours. Results are auto graded and sent to your instructor. Note. Final Examination questions are adapted from MyMathLab ® and Prealgebra & Introductory Algebra. Due Day 7 (Monday): Learning Team Assignment (14 points). Executive Management Presentation. Post your final answer in an Assignment Page of the team. Learning Team Evaluations are due Day 7 in your Individual forum. Please note that posts made to the Learning Team forum do not count toward participation. • Resources: z-table, Week Five Learning Team assignment, and University of Phoenix Material: Summer Historical Inventory Data • Calculate the mode, median, and mean in Microsoft® Excel® using the data from your Week Five assignment. • Compute the standard deviation in Microsoft® Excel® using the data from your Week Five assignment. • Prepare a 10- to 12-slide presentation for the Executive Management Team of your company in which you: o Include a description of the current inventory system. o Include the raw data used. o Generate a frequency distribution of the data using Microsoft® Excel®. o Generate a normal distribution of the data using Microsoft® Excel®. o Compare the mode, median, and mean of the data. o Compare the range with the standard deviation of the data. • Include speaker notes in which you explain: o How the frequency distribution might be used to better understand and improve the inventory system
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o How the normal distribution might be used to better understand and improve the inventory system o Which measure of central tendency most accurately depicts the inventory data o Which measure of dispersion most accurately depicts the inventory data • Format your presentation consistent with APA guidelines.Weekly RemindersFinal Week RequirementsDiscussion question responses and participation will not be required during the final week of the course.The final week will be dedicated to completing the final assignments listed below.Only posts in the Main classroom forum will count towards your class participation score.ParticipationAll Week: Remember to participate in the class discussions 4 out of 7 days during the week.Summary of Week 6 Deliverables Assignment Individual or Location Due Learning TeamFinal Exam Individual MyMathLab MondayLearning Team Evaluation Individual Individual MondayLearning Team Learning Team Assignment Page MondayAssignment
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