**Catalog Course Description**

To introduce statistical concepts and methods useful in analyzing problems in all areas of business and economics. In addition to learning the concepts, applications will be addressed in: Descriptive Statistics, Discrete and Continuous Probability Distributions, Sampling Distributions, Confidence Intervals, Hypothesis Testing, and Regression Analysis.

**Objectives**

The purpose of this course is to provide the students with a sound conceptual and practical introduction to statistics and its applications in the business and economic fields. Upon completion of the course, a student will be able:

- To recognize business situations that require the use of statistical tools of analysis.

- To select and execute the appropriate statistical tool for a specific business situation.
- To develop critical judgment and decision-making ability through the use of quantitative tools and statistical software.
- To address ethical issues when presenting and interpreting statistical information.

**Topical Coverage**

- Numerical and Graphical Summaries
- Probability Distributions
- Methods of Inferential Statistics
- Regression and Correlation Analysis