University of Texas at Dallas

School of Management

Course Description and Syllabus for:

OPRE 6301 – Section 502 Quantitative Introduction to Risk and Uncertainty in Business

Spring 2005

INSTRUCTOR: RAJ SHARMA P.E. A.I.C.P.

Phone: 972 883 4799

Office Location & Time: By appointment

Required Textbook: Statistics for Management & Economics, 6th Edition by Keller and
Warrack, Duxbury Press 2003

Statistical Computer Package to be used but not mandatory: Microsoft Excel or

equivalent

Instructor - Profile:

Represented the State of Alberta, Canada in the Republic of India, in the area of
promoting Trade and Investments, for three years. Work experience in Canada, India
and U.S.A. Managed large budgets and workforces for various government agencies,
for over 20 years. Currently, Board Member of the Greater Dallas Indo-American
Chamber of Commerce, World Affairs Council, American Institute of Certified Planners
and member of the Texas Board of Professional Engineers. In addition to U.T.D, taught
at the Texas Wesleyan University in Fort Worth, Texas and in Canada. Currently
working as an Executive with the City of Dallas, Texas. Has completed the Executive
Development Program and M.B.A. from the University of Calgary, Canada, and a BSc.
(Hons) from University of Waterloo, Canada.

Course Description:

This is an Introductory course to statistical and probabilistic methods and theory

applicable to situations faced by managers on an ongoing basis.

The course will be taught in three modules and there will be an at home examination
after each module. Home work will be given but not graded. Any questions related to
home work will be discussed during class.

Grades:

Examination 1 30%
Examination 2 30%
Examination 3 30%
Class Participation 10%
Grading Scale:

94 – 100 A
87 – 93 B
75 – 86 C
74 & below F

Examinations:

There will be three at home examinations, one after each module. Each one will be
worth 30% towards the final marks. The questions on each examination will include the
module taught immediately prior to the examination and would not include any material
covered in a other module/s

Class Participation:

Students learn from the individual viewpoints and experiences of fellow students.
Therefore, please come prepared to offer input and answer questions, on the chapter/s
of the day. Attendance is also very important and will influence your participation marks.
There may be additional material given in the class that may be related to questions in
the examinations.

Scholastic Dishonesty

Will not be tolerated. Students who violate the University of Texas at Dallas’ rules on
scholastic dishonesty will be subject to disciplinary penalties, including the possibility of
failure in the course and/or dismissal from the University.

Common courtesy:

Please make sure to arrive in time, and turn off cell phones, pagers etc. in class.

Grade Communication:

Marks will be posted on the WebCT site for this course. It is the student’s responsibility
to monitor the site and bring up any questions or discrepancies to instructor’s attention.
TENTATIVE SCHEDULE (Any changes will be emailed on WebCT)

Date Topic Chapter Useful Excel Files for Modules

Module 1: colin.xls , histbin.xls , PERFECT.xls

Jan 11 Introductions, Chapter 1, Appendix 1A, realest.xls , REGRESS.xls , smsarate.xls
Syllabus Chapter
Start of Module 1 1,5,2,3,4,18.1to18.8, taste.xls , THICKDAT.xls , transform.xls
19.1 to19.4,20 TUFTE.xls
Continue Module 1
Jan 18 ----DO----
Continue Module 1
Jan 25 ----DO----

Continue Module 1
Feb 1 ----DO----

Feb 8 First Examination

Module 2: askmarilyn.xls birth.xls , binominv.doc

Feb 15 Start of Module 2 Chapters 6,7,8.2 to8.3,23 decision.xls ,invest.xls , odds.xls
probdists.xls , simhead.xls , SIMUL.xls
texlotteryjuly2k.xls , simulatedecision.xls
Feb 22 Continue Module 2

March 1 Continue Module 2

March 8 Spring Break

March 15 Continue Module 2

March 22 Second
Examination
Module 3: Chapter anova.xls , chisq.xls , clt.xls ,
March 29 Start of Module 3 9,11.1to11.3,10,12.1,12.2, grocdata.xls , lotto.xls , onesam.xls
12.3,13.1to13.4,13.6
qc.xls , tdist.xls , twosamp.xls
April 5 Continue Module 3

April 12 Continue Module 3

April 19 Continue Module 3

April 26 Final
Examination