ITEC 610Applied Managerial Statistics

Catalog

Applied Managerial Statistics (3) Business decision problems can be characterized as situations in which managers must select the best alternative from several competing alternatives. Managers frequently rely on results from statistical analyses to help make the best decision. The decision-aiding tools that can be applied by managers to gain insight into decision problems range from simple graphic displays of data to sophisticated statistical tests. Students use real-world data sets and PC-based software to describe sets of measurements, construct probability distributions, estimate numerical descriptive measures, and build multiple regression models in a variety of business settings related to accounting, finance, information technology, marketing, and sustainability. Note: A college-level finite mathematics course is highly recommended.