The design, development and use of computer-based decision support systems for managerial decision making is examined. Models and implementation of real-world systems will also be discussed. Statistical Methods in Business I. 4 hours. Three hours lecture and one hour lab. Descriptive statistical measures, basic probability notions, estimation and hypothesis testing for the mean, proportion and variance in a population, and simple linear regression models.
Emphasis is on applications in a business environment.
Computer software packages are used for data analysis. Statistical methods in business emphasizing regression and forecasting. Applied Statistical Methods I. 4 hours. Statistical analysis as applied to business. Computer software packages are used for data analysis.