Apr 23, 2024  
2020-2021 Catalog 
2020-2021 Catalog [ARCHIVED CATALOG]

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BUS 122 - Business Statistics

Credits: 3
3 Lecture Hours

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:

  1. Compute and explain the mean, median and mode standard deviation for both grouped and ungrouped data.
  2. Compute and explain probabilities of dependent and independent variables.
  3. Identify and demonstrate knowledge of sampling procedures.
  4. Estimate parameters as they apply to business.
  5. Test hypothesis of means and use results to make decisions from results.
Listed Topics
  1. Statistical Description (mean, median, mode, standard deviation)
  2. Probability Concepts and Distributions
  3. Sampling
  4. Estimating Parameters
  5. Testing Hypotheses–One and Two Samples

Optional Topics

  1. Analysis of Variance
  2. 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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