STATISTICS FOR BUSINESS

Catalog description

This course covers the basics of descriptive and inferential statistics, as well as data production, analysis, and acquisitio n. The course requires active use of a statistical package and extended and rigorous application of statistics to the analysis o f a real-world problem with actual data. Descriptive statistics topics include data types, basic univariate graphs, histograms, outliers, measures of center and spread, density curves and the Normal distribution, scatterplots, correlation, and simple regression. Inferential topics include the basics of probability, sampling distributions and the central limit theorem, confidence intervals, one -sample and two -sample tests of significance and the P -value, inference in simple and multiple linear regression, heter oskedasticity, multicollinearity, non -linearity, and data transformations. Equivalent to STAT 230. Prerequisite: Admission to the graduate program. May be waived with permission.