Foundations of Business Statistics

This course introduces students to the principles and methods of statistics and particularly the importance of using statistics in business decision making. They will learn about presenting data and descriptive statistics including measures of location, dispersion, and skewness. They will also learn discrete and continuous probability distributions including the binomial and normal distributions. Sampling, hypothesis testing, significance tests, correlation, and simple regression are covered with emphasis on business applications. The course also treats the use of the computer for data analysis. The importance of ethics in research will be focused on throughout the semester.

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