[major=BBA_FIN | course_id=MAS202 | syllabus_id=13140 | semester=3 | combo=core | title=Applied Statistics for Business]
Course ID: MAS202
Title EN: Applied Statistics for Business
Title VI: Thống kê ứng dụng trong kinh doanh
Credits: 3.0
Prerequisites: 
Description: The course focuses on data summaries and descriptive statistics; introduction to a statistical computer package; probability: distributions, expectation, variance, covariance, portfolios, central limit theorem; statistical inference of univariance data; Statistical inference for bivariate data: inference for intrinsically linear simple regression models. This course will have a business focus. Teaching method is flexible. Lecturers and tutors can mix between traditional teaching method with project-based learning, problem-based learning and flipped classroom.
Student tasks: - Students must attend at least 80% of contact slots in order to be accepted to the final examination.
- Student is responsible for doing all exercises, and assignments given by instructors in class or at home and submitting them on time
- Use a laptop in class only for learning purposes
- Promptly access to the course websites for up-to-date course information
Tools: - Textbook and all learning materials provided
- Internet and a statistical computer package
Course type: traditional
Decision: 932/QĐ-ĐHFPT dated 08/22/2025
Approved date: 2025-08-22
CLO2: Discuss the basic probability rules. CLO2.1. Understand basic probability concepts: Events, Sample spaces, Simple probability, Joint probability, Marginal probability, General addition rule. CLO2.2. Understand Conditional probability, Multiplication rule and Determine if two events are independent. CLO2.3. Use Bayes' theorem to revise probabilities and apply counting rules.
[1] category=Assignment; type=on-going; weight=20.0; duration=3 hours; question_type=LO1, LO2, LO3, LO4, LO5, LO6; grading_guide=Assignment 1 covers Chapters 1, 2, 3, 4, 5; Assignment 2 covers Chapters 6, 7, 8, 9.; completion_criteria=; clos=>0
[2] category=Computer Project; type=on-going; weight=15.0; duration=5 hours; question_type=LO5, LO6, LO7, LO8, LO9; grading_guide=Cover all Chapters 8, 9, 10, 11, 13, 14; completion_criteria=; clos=>0
[3] category=Quizzes; type=on-going; weight=30.0; duration=30'; question_type=LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8; grading_guide=- Integration of studied knowledge and skills of chapters assigned- Quiz 1: cover chapter 1, 2, 3, 4, 5- Quiz 2: cover chapters 6, 7, 8, 9- Quiz 3: cover chapters 10, 11, 13, 14; completion_criteria=; clos=>0
[4] category=Final exam; type=Final exam; weight=35.0; duration=60'; question_type=All LOs; grading_guide=All topics, knowledge, skills covered in the classes; completion_criteria=; clos=4
[1] desc=Basic business statistics: concepts and applications; author=Mark L.Berenson, David M.Levine, Kathryn A.Szabat, David F.Stephan; publisher=Pearson; edition=14th; isbn=9781292265032; main=True; online=; note=
[2] desc='- PowerPoint Slides; author=; publisher=; edition=; isbn=; main=; online=; note=
[3] desc='- Instructor's Resource Manual; author=; publisher=; edition=; isbn=; main=; online=; note=
[4] desc=- Test bank (Test gen and Doc. file); author=; publisher=; edition=; isbn=; main=; online=; note=
Session 1: Course Introduction
First things first
Chapter 1 Defining and collecting data
1.1 Defining variables
1.2 Collecting data
Topic: Offline; Teaching type: LO1; LO: I, T
ITU: - Read syllabus
- Read Chapter 0 and 1
- Read slides: Chapter 0 and 1
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excersies in Chapter 0 and 1. Additional reading following chapter

Session 2: 1.3 Types of sampling methods
1.4 Data cleaning
1.5 Other data processing tasks
1.6 Types of survey errors
Topic: Offline; Teaching type: LO1; LO: I, T
ITU: - Read Chapter 0 and 1
- Read slides: Chapter 0 and 1
Materials: MAS202
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excersies in Chapter 0 and 1. Additional reading following chapter

Session 3: Chapter 2 Organizing and Visualizing variables
2.1 & 2.2 Organizing catergorical variables and numerical variables
2.3, 2.4 Visualizing categorical and numerical variables
Topic: Offline; Teaching type: LO1; LO: T
ITU: - Read slides Chapter 2
- Read Chapter 2
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excersies in Chapter 2. Additional reading following chapter

Session 4: 2.5 Visualizing Two Numerical Variables
2.6 & 2.7 Organizing and visualizing a mix of variables
2.8 Filtering and Querying data
2.9 Pitfalls in Organizing and visualizing variables
Topic: Offline; Teaching type: LO1; LO: T
ITU: Read slides Chapter 2
- Read Chapter 2
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excersies in Chapter 2. Additional reading following chapter
CLO3: Describe the distribution of a variable. CLO3.1. Discrete probability distributions, Expected value, Variance and Standard deviation of a discrete variable, Binomial and Poisson distribution, Covariance of a probability distribution and its application in Finance. CLO3.2. Compute the probabilities from the normal/uniform distribution and use the normal distribution to solve business problems. CLO3.3. Use the normal probability plot to determine whether a set of data is approximately normally distributed.
Session 1: Chapter 3 Numerical descriptive measure
3.1 Measures of Central tendency
3.2 Measures of Variation and Shape
3.3 Exploring numerical variables
Topic: Offline; Teaching type: LO1; LO: IT
ITU: Read slide: Chapter 3
Download: Review and do excercises Chapter 3

Session 2: 3.4 Numerical descriptive measures for a population
3.5 The covariance and the coefficient of corelation
3.6 Descriptive statistics: Pitfalls and ethical issues
Topic: Offline; Teaching type: ; LO: IT
ITU: Read slide: Chapter 3
Download: Review and do excercises Chapter 3

Session 3: Tutorial:
Solve questions and problems for chapter 0 - 3
Introduce to a statistical package (Excel)
Topic: Offline; Teaching type: LO1; LO: U
ITU: Read Chapter 0+1+2+3
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 0 - 3. Additional reading following chapter

Session 4: Tutorial:
Solve questions and problems for chapter 0 - 3
Introduce to a statistical package (Excel) (cont. )
Topic: Offline; Teaching type: LO1; LO: U
ITU: Read Chapter 0+1+2+3
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 0 - 3. Additional reading following chapter
CLO4: Discuss the sampling distributions and Central limit theorem. CLO4.1. Learn about the concept of the sampling distribution. CLO4.2. Describe Sampling distribution of the mean and the Central limit theorem. CLO4.3. Describe sampling distribution of the propotion.
Session 1: Group project release
Homework exercises release
Chapter 4 Basic probability
4.1 Basic probability concepts
4.2 Conditional probability
Topic: Offline; Teaching type: LO2; LO: ITU
ITU: - Review Chapter 0, 1, 2, 3
- Read slides Chapter 4
- Read Chapter 4
Download: Review and do excercises Chapter 4

Session 2: 4.3 Ethical issues and probability
4.4 Bayes's Theorem
4.5 Counting rules
Topic: Offline; Teaching type: LO2; LO: ITU
ITU: Review Chapter 0, 1, 2, 3
- Read slides Chapter 4
- Read Chapter 4
Download: Review and do excercises Chapter 4

Session 3: Tutorial:
Review chapter 4
Solve questions and problems for chapter 4
Guide to use a statistical package (Excel) (cont. )
Topic: Offline; Teaching type: LO2; LO: U
ITU: Read chapter 4
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 4. Additional reading following chapter

Session 4: Tutorial:
Review chapter 4
Solve questions and problems for chapter 4
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO2; LO: U
ITU: Read chapter 4
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 4. Additional reading following chapter
CLO5: Construct and interpret confidence interval estimates for a population parameter/ difference of population parameters. CLO5.1. Construct a confidence interval for the population mean/difference of two population means and interpret its meaning; determine the size of the sample to improve the estimation. CLO5.2. Construct a confidence interval for the population proportion/difference of two population pproportions and interpret its meaning; determine the size of the sample to improve the estimation.
Session 1: Chapter 5 Discrete probability distribution
5.1 The probability distribution for a discrete variable
5.2 Binomial distribution
Topic: Offline; Teaching type: LO3; LO: ITU
ITU: - Read chapter 5
- Read slides: Chapter 5
Download: Review and do excercises Chapter 5

Session 2: 5.3 Poisson distribution
5.4 Covariance of a probability distribution and its application in Finance
Topic: Offline; Teaching type: ; LO: ITU
ITU: Read chapter 5
- Read slides: Chapter 5
Download: Review and do excercises Chapter 5

Session 3: Tutorial:
Solve chapter 5's questions and problems
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO3; LO: U
ITU: - Read slides Chapter 5
- Read Chapter 5
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 5. Additional reading following chapter

Session 4: Tutorial:
Solve chapter 5's questions and problems
Guide to use a statistical package (Excel) (cont. )
Topic: Offline; Teaching type: LO3; LO: U
ITU: Read slides Chapter 5
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 5. Additional reading following chapter
CLO6: Verify a claim about a population parameter/ differnce of population parameters by using hypothesis testing. CLO6.1. Formulate the two hypotheses; identify critical values, test statistic and compute P-value for a test of hypotheses on population mean/difference of two population means. CLO6.2. Formulate the two hypotheses; identify critical values, test statistic and compute P-value for a test of hypotheses on population proportion/difference of two population proportions. CLO6.3. Identify type of errors in testing hypotheses. CLO6.4. F-test for the ratio of two variances.
Session 1: Quiz 1 (Chapter 1+2+3+4+5)

Chapter 6 The normal distribution and other continuous distributions
6.1 Continuous probability distributions
Topic: Offline; Teaching type: LO1; LO: ITU
ITU: - Review Chapter 0-5
- Read slides Chapter 6
- Read Chapter 6
Download: Review and do excercises Chapter 6

Session 2: 6.2 The normal distribution
Topic: Offline; Teaching type: LO2; LO: ITU
ITU: Read slides Chapter 6
- Read Chapter 6
Download: Review and do excercises Chapter 6

Session 3: 6.3 Evaluating normality
6.4 The uniform distribution
Topic: Offline; Teaching type: LO3; LO: U
ITU: Read Chapter 6
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 6. Additional reading following chapter

Session 4: Tutorial
Solve questions and problems for chapter 6
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO3; LO: U
ITU: Read slides Chapter 6
- Read Chapter 6
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 6. Additional reading following chapter
CLO7: ANOVA analysis. CLO7.1. Use the one-way ANOVA to test for differences among the means of several groups. CLO7.2. Use the two-way ANOVA and interpret the interaction effect.
Session 1: Chapter 7 Sampling distribution
7.1 Sampling dítributions
7.2 Sampling distribution of the mean
Topic: Offline; Teaching type: LO4; LO: IT
ITU: - Read slides Chapter 7
- Read Chapter 7
Download: Review and do excercises Chapter 7

Session 2: 7.3 Sampling distribution of the proportion
Topic: Offline; Teaching type: LO4; LO: IT
ITU: Read slides Chapter 7
Download: Review and do excercises Chapter 7

Session 3: Tutorial
Solve questions and problems for chapter 6
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO4; LO: U
ITU: Read Chapter 7
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 7. Additional reading following chapter

Session 4: Tutorial
Solve questions and problems for chapter 7
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO4; LO: U
ITU: Read slides Chapter 7
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 7. Additional reading following chapter
CLO8: Regression Analysis. CLO8.1. Discuss about Simple linear/Multiple regression models, determine the simple linear regression equation, understand the meaning of the regression coefficients. CLO8.2. Compute various sums of squares for a set of data pairs, coefficient of determination, standard error of estimate, use residual analysis to visually evaluate the assumptions of regression. CLO8.3. Determine the existence of a significant linear relationship by testing for the Slope and Correlation coefficient. CLO8.4. Evaluate the overall multiple regression model: the coefficient of multiple determination, the adjusted r square, the overall F test.
Session 1: Chapter 8 Confidence interval estimation
8.1, 8.2 & 8.3 Confidence interval estimate for the mean and proportion
Topic: Offline; Teaching type: LO5; LO: IT
ITU: - Read chapter 8
- Read slides: Chapter 8
Download: Review and do excercises Chapter 8

Session 2: 8.4 Determining sample size
8.5 Confidence interval estimation and ethical issues
Topic: Offline; Teaching type: LO5; LO: IT
ITU: Read chapter 8
Download: Review and do excercises Chapter 8

Session 3: Tutorial
Solve question and problems of chapter 8
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO5; LO: U
ITU: Read Chapter 8
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 8. Additional reading following chapter and prepare for Mid-term exam

Session 4: Tutorial
Solve question and problems of chapter 8
Guide to use a statistical package (Excel)(cont. )
Topic: Offline; Teaching type: LO5; LO: U
ITU: Read Chapter 8
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 8. Additional reading following chapter and prepare for Mid-term exam
CLO9: Be able to present a decision making for a business problem. CLO9.1. Be able to work in a team or individually in making business decisions based on Statistical analysis/ Statistical package (Excel). CLO9.2. Understand of being ethical when conducting statistical analysis.
Session 1: Chapter 9 Fundamental of hypothesis testing: one-sample tests
9.1 Fundamentals of hypothesis testing
Topic: Offline; Teaching type: LO6; LO: IT
ITU: Read textbook and slides: Chapter 9
Download: Review and do excercises Chapter 9

Session 2: 9.2 T-test of hypothesis for the mean
9.3 One-tail tests
Topic: Offline; Teaching type: LO6; LO: IT
ITU: Read textbook and slides: Chapter 9
Download: Review and do excercises Chapter 9

Session 3: 9.4 Z-test of hypothesis for the proportion
Topic: Offline; Teaching type: LO6; LO: U
ITU: Read Chapter 9
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 9. Additional reading following chapter

Session 4: 9.5 Potential hypothesis- testing pitfalls and ethical issues
Topic: Offline; Teaching type: LO6; LO: U
ITU: Read Chapter 9
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 9. Additional reading following chapter
LO1: Discuss the DCOVA framework. CLO1.1. Defining variables: categorical and numerical types, discrete and continuous variables, identify the measurement scales. CLO1.2. Collecting data: population and sample, statistic and parameter, sampling methods, types of survey errors, data cleaning. CLO1.3. Organizing variables by using Summary table, Contingency table, Ordered array, Frequency distribution, Multidimensional tables. CLO1.4. Visualizing variables by using Charts, pitfalls in visualizing variables. CLO1.5. Analysing data: describe the properties of Central tendency, variation and shape of distribution, boxplot, covariance and coefficient of correlation.
Session 1: Tutorial: Solve questions and problems for chapter 9
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO6; LO: 
ITU: Read Chapter 9

Session 2: Tutorial: Solve questions and problems for chapter 9
Guide to use a statistical package (Excel) (cont. )
Topic: Offline; Teaching type: LO6; LO: 
ITU: Read Chapter 9

Session 3: Quiz 2 (Chapter 6+7+8+9)
Topic: Offline; Teaching type: LO3, LO4, LO5, LO6; LO: ITU
ITU: Review chapters 6, 7, 8, 9
Download: Review and do excercises Chapter 10

Session 4: Chapter 10 Two-sample tests
10.1 & 10.2 Comparing the means of two populations
Topic: Offline; Teaching type: LO5; LO: ITU
ITU: Read slides Chapter 10
-Read Chapter 10
Download: Review and do excercises Chapter 10
Session 1: 10.3 Comparing the proportions of two independent populations
10.4 F-test for the ratio of two variance
Topic: Offline; Teaching type: LO6; LO: TU
ITU: - Read slides Chapter 10
- Read Chapter 10
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 10. Additional reading following chapter

Session 2: Tutorial
Solve questions and problems for chapter 10
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO5, LO6, LO7, LO8; LO: TU
ITU: Read Chapter 10
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 10. Additional reading following chapter

Session 3: Chapter 11 Analysis of Variance
11.1 The completely randomized design: One-way ANOVA
Topic: Offline; Teaching type: LO7; LO: IT
ITU: - Read chapter 11
- Read slides: Chapter 11
Download: Review and do excercises Chapter 11

Session 4: 11.2 The Factorial design: Two-way ANOVA (Excel)
Topic: Offline; Teaching type: LO7; LO: IT
ITU: 
Download: Review and do excercises Chapter 11
Session 1: Tutorial
Solve questions and problems for chapter 11
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO7; LO: U
ITU: Read Chapter 11
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 11. Additional reading following chapter

Session 2: Tutorial
Solve questions and problems for chapter 11
Guide to use a statistical package (Excel) (cont.)
Topic: Offline; Teaching type: LO7; LO: U
ITU: Read Chapter 11
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 11. Additional reading following chapter

Session 3: Chapter 13 Simple Linear Regression
13.1 Simple linear regression models
Topic: Offline; Teaching type: LO8; LO: IT
ITU: - Read Chapter 13
- Read Slides 13
Download: Review and do excercises Chapter 13

Session 4: 13.2 Determining the simple linear regression equation
13.3 Measures of variation
Topic: Offline; Teaching type: LO8; LO: IT
ITU: Read Chapter 13
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 11. Additional reading following chapter
Session 1: 13.4 Assumptions of Regression
13.5 Residual analysis
Topic: Offline; Teaching type: LO8; LO: IT
ITU: - Read Chapter 13
- Read Slides 13
Download: Review and do excercises Chapter 13

Session 2: 13.7 Inference about the slope and correlation coefficient
13.9 Potential pitfalls in regression
Topic: Offline; Teaching type: LO8; LO: IT
ITU: Read Chapter 13
Download: Review and do excercises Chapter 13

Session 3: Tutorial
Solve questions and problems for chapter 13
Guide to use a statistical package (Excel)
Topic: Offline; Teaching type: LO8; LO: U
ITU: Read Chapter 13
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 13. Additional reading following chapter

Session 4: Tutorial
Solve questions and problems for chapter 13
Guide to use a statistical package (Excel) (cont.)
Topic: Offline; Teaching type: LO8; LO: U
ITU: Read Chapter 13
Download: https://flm.fpt.edu.vn/gui/role/student/Review and do excercises Chapter 13. Additional reading following chapter
Session 1: Chapter 14 Introduction to multiple regression
14.1 Developing a multiple regression model
14.2 R-square, Adjusted R-square and the overall F test
Topic: Offline; Teaching type: LO8; LO: U
ITU: Read Chapter 14
Download: Review and do excercises Chapter 14

Session 2: Tutorial
Solve questions and problems for chapter 14
Topic: Offline; Teaching type: LO8; LO: U
ITU: Read Chapter 14
Download: Review and do excercises Chapter 14

Session 3: Quiz 3 (Chapter 10+11+13+14)
Topic: Offline; Teaching type: LO5, LO6, LO7, LO8; LO: 
ITU: Review Chapters 10, 11, 13, 14

Session 4: Quiz 3 (Chapter 10+11+13+14) (review)
Topic: Offline; Teaching type: LO5, LO6, LO7, LO8; LO: 
ITU: Review Chapters 10, 11, 13, 14
Session 1: Group project submission
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8, LO9; LO: U
ITU: 

Session 2: Group project submission (cont.)
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8, LO9; LO: U
ITU: 

Session 3: Group project presentation
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8, LO9; LO: U
ITU: Textbook, slides and assignment reports
Download: Prepare for presentation and Q&A

Session 4: Group project presentation (cont.)
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8, LO9; LO: U
ITU: Textbook, slides and assignment reports
Session 1: Group project presentation (Cont.)
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8; LO: U
ITU: Textbook, slides and assignment reports
Download: Prepare for presentation and Q&A

Session 2: Revision and Wrap-up
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8; LO: U
ITU: Review all chapters and prepare for Q&A
Download: Review all chapters

Session 3: Revision and Wrap-up (Cont.)
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8; LO: U
ITU: Review all chapters and prepare for Q&A
Download: Review all chapters

Session 4: Revision and Wrap-up (cont.)
Topic: Offline; Teaching type: LO1, LO2, LO3, LO4, LO5, LO6, LO7, LO8; LO: U
ITU: Review all chapters and prepare for Q&A