BUSINESS STATISTICS

Catalog description

This course introduces methods for utilizing data to answer questions of business, economic, social and policy interest. Students examine and interpret graphical and numerical methods of summarizing data, as well as apply probability concepts, theoretical probability distributions, sampling methods and sampling distributions. Students also calculate sample statistics, estimate population parameters, construct confidence intervals, formulate hypothesis tests and perform simple regression analysis. The skills and techniques covered allow students to effectively utilize data in the decision-making process. PREREQ: ( MATH 143 OR MATH 152 OR MATH 243 OR MATH 250 OR MATH 253 OR ( MATH 142 AND MATH 151 )) AND ((COBE MAJOR: 2.50 CUMULATIVE GPA) OR (NON-COBE MAJOR/MINOR/COBE MINOR: 2.00 CUMULATIVE GPA))