Business Statistics MAT 1430 Syllabus
Textbook: Business Statistics, 4th edition. Norean R. Sharpe, Richard D. De Veaux, and Paul F. Velleman, (c) 2019, Pearson Education Inc.
The content detail below covers material from Chapters 1-19.
Course Coordinator: Chelsea Romito
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:
I. Numerical and Graphical Summaries
II. Probability Distributions
III. Methods of Inferential Statistics
IV. Regression and Correlation Analysis
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Descriptive Statistics
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Probability and Probability Distributions
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Sampling Distributions
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Confidence Interval Estimation
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Hypothesis Testing
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Simple Linear Regression and Correlation Analysis
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Multiple Regression and Model Building
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Hypothesis Testing II
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