Introduction to Business Statistics

Catalog description

This course introduces business students to the terminology, uses, underlying theory and limitations of statistical analysis and Data Analytic thinking and their use in the decision-making & problem-solving processes. Focus will be on the areas of data summarization, description and data mining, basic probability concepts and distributions, sampling methods and sampling distribution, hypothesis testing, analysis of variance, regression analysis and correlation theory, and nonparametric methods. Consideration will be given to the use of statistical methods as a means of spreading the gospel.