basic concepts, sources and methods of data collection, tabular and graphical presentation of data, descriptive statistics, introduction to probability and probability distributions, sampling distributions, statistical estimation

Statistics for Business (STAT130)

This course introduces students to the fundamental concepts of statistics and trains them to apply the basic methods and techniques of statistical analysis in business and economics problems. It covers basic concepts, sources and methods of data collection, tabular and graphical presentation of data, descriptive statistics, introduction to probability and probability distributions, sampling distributions, statistical estimation, hypotheses testing, analysis of variance, chi-square test of independence, and correlation and regression analysis.

Learning Outcomes

At the end of the course, students will be able to :

1. Apply Descriptive Statistics Techniques To Describe Business Data Using Computer Package.
2. Apply Statistical Methods And Models In Business Situations Using Computer Package.
3. Communicate Statistical Information In Oral And Written Form.
4. Define And Apply The Basic Concepts Of Probability Theory And Statistics To Business Problems.
5. Define Random Variables And Their Distributions.
6. Identify Statistical Methods Used In Estimation, Testing And Regression Models.