BUS 122 - Business Statistics

Credits: 3
3 Lecture Hours

Description
A study of statistical methods as they apply to business problems. Areas included are probabilities, binomials, normal distributions and hypothesis testing.

Learning Outcomes
Upon successful completion of the course, the student will:

Compute and explain the mean, median and mode standard deviation for both grouped and ungrouped data.
Compute and explain probabilities of dependent and independent variables.
Identify and demonstrate knowledge of sampling procedures.
Estimate parameters as they apply to business.
Test hypothesis of means and use results to make decisions from results.

Listed Topics

Statistical Description (mean, median, mode, standard deviation)
Probability Concepts and Distributions
Sampling
Estimating Parameters
Testing Hypotheses–One and Two Samples

Optional Topics

Analysis of Variance
Regression

Reference Materials
Current textbook.
Supplementary materials such as study guides, videos, handouts, library resources.

Approved By: Sutin, Stewart Date Approved: 01/13/2005

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BUS 122 - Business Statistics