Business Statistics.

Catalog description

Introduces methods of probability assessment and statistical inference. Includes data presentation; descriptive statistics; basic probability concepts; discrete and continuous probability distributions; decision theory; estimation and sampling distributions; Central Limit Theorem; simple linear regression and hypothesis testing for a single sample or population. Emphasizes business and economic applications. Utilizes spreadsheet software as a tool for problem-solving Lecture 3 hours per week. Total 3 hours per week. Prerequisite: MTH 161 .