Course MAT150: Business Statistics
This course familiarizes students with the basic concepts of business statistics and provides a comprehensive overview of its scope and limitations. Students will examine statistical analysis of samples, compute the measures of location and dispersion, and interpret them for descriptive statistics. Lessons demonstrate linear regression, multiple regression, correlation analysis, model building, model diagnosis, and time series regression using various models. The course also describes basic concepts of probability and applies the discrete and continuous distributions of probability. Other topics in this course include constructing a hypothesis on one and two samples, performing one-way and two-way analysis of variance, applying nonparametric methods of statistical analysis, and making decisions under risk or uncertainty.
Prerequisites: Successful completion of Introductory and/or Intermediate Algebra courses is recommended before taking Business StaSpanics.
Business Statistics Course Objectives:
After completing this course, students will be able to:
- Define statistics and identify its scope and limitations.
- Describe and apply the basic concepts in statistics.
- Apply the sampling methods and the Central Limit Theorem to perform statistical analyses of samples and to predict population behavior.
- Compute and interpret measures of location and dispersion.
- Represent the statistical data in different forms and interpret the different representations.
- Perform multiple regression and correlation analysis.
- Describe the basic concepts of probability.
- Describe and apply the discrete and continuous distributions of probability.
- Conduct hypothesis tests based on one or two samples.
- Perform one-way and two-way analyses of variance (ANOVA).
- Apply nonparametric methods of statistical analysis.
- Perform time series regression using various models.
- Perform model building and model diagnoses.
Jaggia S., Kelly, A. (2012). Business Statistics: Communicating with Numbers. (1st Ed). N.Y. McGraw-Hill. ISBN: 978-0077501372
|Total Cost of Course, including Books (at Full Price)||$724.03|