Statistical Concepts for Business

Catalog description

This course is designed to introduce students to statistical concepts focusing primarily on business applications. The course contains techniques in descriptive and inferential statistics and includes sampling techniques; data types; experiments; measures of central tendency; measures of dispersion; graphical displays of data; basic probability concepts; binomial and normal probability distributions; sampling distributions and Central Limit Theorem; estimating population parameters and hypothesis tests of population parameters for one sample; linear regression and forecasting with exponential smoothing. STAT 1400 is intended primarily for students pursuing an AAS degree in the business programs.