Programmable calculators may NOT be used for exams. Sharing calculators is prohibited during exams. Prerequisites Mathematics 139, or equivalent. Course Description Uses of business data in policy formulation are discussed. Emphasis is placed on the conversion of raw information into statistics which are useful to the decision maker.
Problems stress solution to questions typically raised in businesses.
Course Objectives 1. To provide students with an introduction to the terminology, uses and underlying theory in the area of data summarization and description, basic probability concepts and distributions, sampling methods and distributions, hypothesis testing, analysis of variance, regression and correlation and non-parametric methods. To provide skills helpful in applying the above statistical methods to problem situations. To improve the student's awareness of and ability to incorporate statistical considerations into the decision-making process. To provide students with experience in using statistical software to assist in the quantitative analysis of business problems.