1 BA 578-01W: Instructions for Final, Summer-1, 2013 (Chapters 4, 5, 6, 7, 8, 9, 10, 12, 13, 14) Window period: 8 a.m.

Sunday, June 30th till 11:59 p.m. Tuesday, July 2nd, 2013. Time limit is Seven Hours once the test is started (Single take Exam) By Dr. Guru-Gharana

General Guidelines
At the outset I want you to realize that this is an open book test, but full preparation is absolutely necessary. If you are not prepared enough and need to turn the pages of the book or power point slides or my Instructions at every step, then it would not be possible for you to finish all questions in time. Also remember that the questions are based on the topics covered in the Text Book and my Instructions but are not directly from the book (as was also true in your four Home Assignments). That is why I am posting this guideline about 10 days ahead, so that you have adequate time to review the whole material (which includes quite a lot : more than 500 pages of the Text book, equal number of power point slides, and several sets of My Chapter Instructions). Also review the four Assignment solutions (you will receive the solution to the fourth assignment by the morning of Monday, July 1st.Therefore, no late

submission for any reason will be accepted for the fourth assignment. As
you have already seen, I give the solution to the Assignments with explanations and details wherever I feel needed. Moreover, I provide hints and explanations in my responses in the Virtual office Question Answer forum and in my prompt responses to all your emails everyday of the week. I also provide power point slides. But the most important resource for you to review and completely master is the set of my own Chapter Instructions which covers everything relevant for Assignments and the Test. Thus, you have enough resources available to prepare for the tests and assignments. Having so many resources available, sometimes also creates a time constraint problem in reviewing. Therefore, I will provide guidelines for the topics

2 you have to focus on, in the sections below. First, some general but important reminders about logistics are in order: Keep at least one pen or pencil, a note pad and a working calculator (with new batteries) so that you may be able to do some calculations required for answering a question. Also keep the book handy because you may need the appendix tables in some questions (or even better, make a print out). And dont forget to save your work every five to 10 minutes during the test; because you may be timed out without realizing it or some technical problems might arise. Above all, keep your computer in optimal performing condition and have a backup plan for internet disruption at your home. My best advice is that you learn how to use excel or MegaStat quickly (Not essential for the test, but if you are smart and quick with these tools you may get some of the answers quicker than the tables in the book and calculator). However, for the test I am not asking you to use them. They are optional: you can use them for your own convenience in getting the answers quickly. Another advice is to start the test well before the last hours (that is well before 5 p.m. on July 2nd). This will give you some time to contact me or the help desk if some unexpected technical problem arises during the test. At the very last hour no one will be able to help. If you take the test at the very last hour against my advice, then you are assuming all the risk/responsibilities on yourself for unforeseen incidents. In the Final, that is not prudent.

Style and Format of the Test

The test will consist of 15 True/False type (8 points each), 15 Multiple/Choices (12 points each) and 10 Essay Type (20 points each) with a total of 500 points. The Chapters covered are 4, 5, 6, 7, 8, 9, 10, 12, 13, and 14. The topics to focus in these Chapters are listed below. Chapter 4 1. The rules of Probability, Union and Intersection, Rules of Addition and Multiplication, Mutually Exclusive and Not Mutually exclusive events, and Complements, 2. Rules for Independent and Dependent Events 3. The Bayesian Rule 4. Contingency Table based Probability calculations

3 Chapter 5 1. The Concept of Discrete and Continuous Random Variables and Probability Distributions 2. The Binomial Distribution: properties and problems based on applications of binomial distributions Chapter 6: 1. Definition and properties of Continuous and Discrete random variables 2. Examples of Applying Normal Distribution (finding probabilities) 3. Finding X Values from given Probabilities for a Normal Distribution 4. Normal Approximation to Binomial Distribution Chapter 7: 1. The Sampling Distribution of the Sample Mean, its Mean and Standard Deviation or Standard Error, The Central Limit Theorem, the finite population correction, and applications 2. The desirable properties of estimators: unbiasedness, consistency, Efficiency/Minimum Variance 3. The Sampling Distributions of Proportions: its mean, variance, and standard deviation or standard error, and applications. Chapter 8: 1. Confidence Intervals for the Mean with known 2. Required sample size for given margin of error for Mean 3. Confidence Interval for the Mean with unknown 4. Confidence Intervals for the Proportions 5. Required sample size for given margin of error for proportions 6. Finite population correction Chapter 9: 1. Hypothesis Testing, Null and Alternative Hypotheses, Type I and Type II errors and level of significance 2. The critical value, confidence interval and p-value approaches 3. Hypothesis testing for the mean of a Normal Distribution with known

4 4. Hypothesis Test for the Mean of a Normal Distribution when is Not Known 5. Hypothesis Testing for Proportions Chapter 10 1. Test of Difference between two Sample Means with known population standard deviations or variances (Z-test) 2. Test of Difference between two Sample Means when the Population Variances are not known but are assumed Equal (the case of pooled Sample variance and ttest) 3. Sampling Distribution of Difference between two Sample Means When Population Variances are Not Known and are Assumed to be Unequal (t-test with adjusted degree of freedom) 4. Paired Difference or the Case of Matched Pairs (t test) 5. Test of Difference between two Population Proportions with Large Independent Samples (Z-test) Chapter 12 1. The Chi-Square Test of Goodness of Fit in the Case of Equal Expected Frequencies 2. The General Chi-Square Test of Goodness of Fit (without the assumption of Equal Expected Frequencies) 3. The Chi-Square Test of Independence using Contingency Table Chapter 13 1. The Correlation Coefficient 2. The Bivariate Linear Regression Model Assumptions, Estimation, Interpretations and Prediction 3. The Goodness of Fit or Explanatory Power of the Model: The Coefficient of Determination 4. The Sum of Squares: SST, SSR, SSE and MSE and the Standard Error 5. Test of Significance of the slope coefficient (t-test) Chapter 14 1. Assumptions of the Multiple Regression Model 2. The Estimation, Interpretation and Prediction of a Multiple Regression Equation

5 3. The Explanatory Power: Coefficient of Determination and Adjusted Coefficient of Determination 4. The Analysis of Variance (ANOVA) and the F-test 5. Tests of Significance of Slope Coefficients 6. Working with Partial (or Incomplete) Tables in Multiple Regression You can use Excel/MegaStat (as many of you have done in the Assignments) or calculate using calculator and formulas (as I have shown in the solutions and Instructions). But you need to show key results and interpret/ explain or write few words of explanation in essay type questions, as most of you have done. If you give one number or one word answer without any detail in essay type questions, you risk losing some (even if the answer is correct) or all points (if the answer is wrong). Show me some key intermediate steps and results leading to the Final answer. You can simply copy and paste from your computer work or type the key results and steps. This concludes my Instructions for the Final. My final word of advice is that start preparing for the Final from today and be prepared well in advance and take the test at least keeping 10 hours or more between start and the final hour of the exam. That way you will have some time left if something unexpected happens. Keep saving your work at about every 10 minutes. When you submit the test make sure it is properly submitted. It should tell you your score from the True/False and Multiple Choices after submission. In the Final hours of the Final I may not be able to help you (or the help desk may not be able to help) if some technical problem occurs. During the Final they are also extremely busy helping large number of students. You have about 10 days to prepare from today for the BIGGEST prize of this course with 500 points, which can significantly change your grade in either way. Get the last Assignment done quickly and focus on the Final as early as possible. You already know that I am practically accessible 24/7 through email and questions in Virtual Office. But dont wait to ask questions when the window period for the Final starts. I may be too busy or my internet may be down or something like that might happen at the last moment. So get ready before June 30th. I wish Good Luck to everyone and congratulate on surviving this fast paced 4weeks session on one of the difficult subjects in the program. Cheers!