Aug 21, 2019
BUS 115 - Business Statistics
Concepts and mechanics of measures of central tendency, measures of dispersion, probability, sampling theory, estimation, hypothesis testing, regression and correlation and other statistical techniques as they relate to general problems in business and economics.
3 Class Hours
Learning Outcomes of the Course:
Upon successful completion of this course the student will be able to:
- Calculate measures of central tendency and dispersion, as it applies to business applications.
- Calculate basic, normal and binomial probabilities and understand how to use them in business applications.
- Demonstrate ability to utilize sampling theory, applications, and procedures including performing the calculations necessary to estimate sample size for various sampling situations.
- Calculate interval estimates for large and small samples and proportions, and demonstrate how the estimates are used in applications in business and economics.
- Perform the calculations necessary to do one or two tailed hypothesis tests, and demonstrate the application of these to problems in business and economics.
- Perform regression and correlation calculations, and demonstrate the application of these to problems in business and economics.
- Utilize Excel or other software to perform various statistical calculations, including those for descriptive statistics, probabilities, and single/multiple regression and correlation.
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