Business Statistics

Catalog description

STAT 2430 is designed to acquaint students with statistical methods used in gathering and analyzing data. The course includes: designing samples and experiments; describing data with graphs and numerical summaries; correlation and regression; concepts in probability; probability distributions including the binomial, normal, uniform, exponential, and other continuous probability distributions; the Central Limit Theorem; confidence intervals and hypothesis testing for means and proportions; inference for comparing two populations; and Chi-square test of independence. Applications in business, management, and economics are emphasized.