Analytics

Catalog description

This course examines the basic concepts of business statistics and provides a comprehensive overview of the scope and limitations of statistics. Students perform statistical analysis of samples, computing the measures of location and dispersion and interpreting them through descriptive statistics. Students also perform linear regression, multiple regression, correlation analysis, model building, model diagnosis, and time series regression using various models. Basic concepts of probability are described, and the discrete and continuous distributions of probability are applied. Other topics include constructing a hypothesis, performing one-way and two-way analysis of variance, and applying nonparametric methods of statistical analysis. Making decisions under risk and under uncertainty are also examined.